Professional Services Industry Overview

The non-animal alternatives testing market consists of sales of non-animal alternatives testing products and services that do not involve the use of animals for tests to determine the safety standards for products. The non-animal alternatives testing market involves testing for drugs, cosmetic products using non- animal testing methods. Organs-on-chip, In-vitro test, In-silico test are some examples of techniques and methodologies used as an alternative to animal testing. The non-animal alternative testing market covered in this report is segmented by technology into cell culture technology, high throughput technology, molecular imaging, omics technology. It is also segmented by method into cellular assay, biochemical assay, in silico, ex-vivo and by end-user into pharmaceutical industry, cosmetics & household products, diagnostics, chemicals industry, food industry. The global non-animal alternatives testing market is expected to grow from $1.11 billion in 2020 to $1.23 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-animal alternatives testing market is expected to reach $1.8 billion in 2025 at a CAGR of 10%. The support from the government and non-governmental organisations boosts the growth of the non-animal testing market. The government organisations enforces laws and regulations, raises funds to support the non-animal testing methods such as tests on human volunteers, advanced computer-modelling techniques and also funds studies with human volunteer. In order to support the non-animal testing, US Environmental Protection Agency (EPA), in 2019, awarded $4.25 million to the USA based universities including Johns Hopkins University, Vanderbilt University, Oregon State University, and the University of California to research for alternative tests replacing animals with non-animal alternatives and to make the test procedures less painful to the laboratory animals. Similar research programs to promote non-animal testing procedures are also initiated by countries such as Denmark, Brazil, Germany, Switzerland, Australia, China and Korea. The constant support from the government drives the growth of the non-animal testing market. Compulsory animal testing is required for the approval of sale of various products such as the pesticides, industrial chemicals, drugs, medical devices, vaccines, genetically modified foods, and some consumer products. Animal testing is still a mandatory practice in some countries due to their legal system where any special use products, non- routine tests, imported cosmetic requires animal testing. For instance, according to the UK's annual statistics of scientific procedures on living animals, in 2018, a total of 3.52 million experiments were completed on animals. According to Cruelty Free International, in 2018, in the UK almost 40 eye irritation tests, 10,275 acute lethal toxicity tests, and 638 pyrogenicity experiments were conducted on live rabbits. Cruelty Free International is an U.K based animal protection and advocacy group. The legal requirements in some countries for compulsory animal testing will hamper the growth of the market. The companies in the non-animal testing market are increasingly investing in technologies such as organs on the chip technology as an alternative to animal testing. Organs- on the- chip method contains human cells on a chip which mimics the structure and function of human organs and organs system instead of using of animal for the test. Following the trend, in 2018, Emulate was funded an amount of $36 million from its founder's fund and ALS Investment Fund, SciFi VC, GlassWall Syndicate Association to extended its biological capabilities to Liver-Chip, Intestine-Chip, Lung-Chip, and Brain-Chip, and to its human-relevant models of thrombosis and immune system modulation. ALS Investment Fund, SciFi VC and GlassWall Syndicate Association are venture capital and private equity firm that supports and finances biotech companies. In 2018, Thermo Fisher Scientific Inc., a USA based life sciences research company, acquired Advanced Bioprocessing business from Becton, Dickinson and Company for $477 million in cash. Through this acquistion Thermo Fisher Scientific Inc. aimed to expand its bioproduction portfolio by utilising the cell-culture media products of the Becton, Dickinson and Company. The Becton, Dickinson and Company is a USA based medical device company. Major players in the non-animal alternatives testing market are HµRel Corporation, Cyprotex, VITROCELL, SIMULAB, Bio-Rad Laboratories, GE Healthcare, SGS SA, BioIVT, Abbott Laboratoriesand Gentronix Limited. The regions covered in the non-animal alternatives testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the non-animal alternatives testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global non-animal alternatives testing market is segmented - 1) By Technology: Cell Culture Technology, High Throughput Technology, Molecular Imaging, Omics Technology 2) By Method: Cellular Assay, Biochemical Assay, In Silico, Ex-Vivo 3) By End-User: Pharmaceutical Industry, Cosmetics & Household Products, Diagnostics, Chemicals Industry, Food Industry

The print advertising market consists of the sales of advertising services and related goods by entities (organizations, sole traders and partnerships) that plan, develop, create and manage advertisement and promotional activities in print media such as periodicals and print newspapers. Only goods and services traded between entities or sold to end consumers are included. The print advertising market covered in the report is segmented by type into newspaper advertising, magazine advertising, posters and banners, others; by industry into retail, electronics and telecommunications, insurance and finance, automotive, others. The global print market is expected to decline from $32.49 billion in 2020 to $32.05 billion in 2021 at a compound annual growth rate (CAGR) of -1.4%. The print advertising market has recorded a decline owing to the closure of businesses globally due to COVID-19 restrictive measures including social distancing and movement of goods. The print advertising market is expected to reach $26.45 billion in 2025 at a CAGR of -4.7%. The huge population that subscribes to newspapers and magazines drives the print advertising market. According to the American Press Institute survey, a majority of newspaper subscribers also pay for a print magazine, which is one of the popular publication types with good scope for ads. According to the Audit Bureau of Circulations in November 2019, The Sun newspaper sold about 1.2 million copies in the UK. People of all ages read newspapers and magazines that are the mainstay of these print advertisements, however, the majority of the subscribers who pay for newspaper subscriptions are older adults and long-time readers. They find it easy to read newspapers as it provides them the leisure to read as per their time, and also that they use significantly fewer digital applications and spend less time on gadgets. This factor contributes to the growth of the print advertising market. The potential of print advertising to connect to multiple generations is also a key driving factor for the print advertising market. A study was conducted by Temple University and the US Postal Office of the Inspector in 2019 utilizing methods such as eye-tracking, core biometrics, and neuroimaging to test the effectiveness of print versus digital ads on both young and old groups of participants. The results showed that both the age groups processed physical ads faster than digital ads. This provides companies with the advantage of targeting wider generations giving the necessary exposure to their product, which aids in the growth of the print advertising market. The print advertising market is facing extensive competition from the newer digital advertising media such as internet and mobile advertising which is hampering the growth of the market. Companies are focusing on digital marketing means like social media for making the ads more interactive, touching, and delivering without location constraints and with faster reach. According to the Interactive Advertising Bureau (IAB) report, the internet ad revenue in 2019 was $124.6 billion. Advertisers believe that digital video is more suitable for entertaining every generation of consumers and, thus, they are choosing the digital video format, which is eliciting further growth. Therefore, the increased proliferation of digital marketing is likely to limit the expansion of the print advertising market in the coming years. Brands have exerted towards long-form of print ads, that is, full-page, full-worded communications. This is likely to be a major trend in the print advertising market. Brands, in general, will have a lot to communicate to their customers and positions to articulate, therefore, require communication that is not limited to 145 characters, a 15-second flash of information, or a single impactful visual. For instance, in July 2020, MasterCard published a two-page broadcast in The New York Times to express its support for the LGBTQIA+ community. Also, for its support for GLAAD's NEON Legacy Series, a photo and video collection was created by Black LGBTQIA+ creators. In 2020, P&G has published a long-form of a print ad for its product Secret Deodorant/Anti-Perspirant that focuses on asking people to take part in Secret's call for gender equality. In March 2020, Lambert & Co., a US-based public relations and integrated marketing firm, acquired Fairly Painless Advertising, Inc., a company providing marketing and advertising services, for an undisclosed amount. This acquisition is expected to move Lambert & Co. from a PR firm minoring in the ad and creative services to a fully-integrated agency majoring in the creative services and advertising field. Fairly Painless Advertising, Inc., is a US-based full-service advertising agency that provides research, planning, and creative services that cover print and digital design. Major players in the print advertising market are Ogilvy & Mather, MullenLowe, McCann Worldgroup, Publicis Groupe, Dentsu, Havas, Grey global, Droga 5, BBDO, VMLY&R. The regions covered in the print advertising market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the print advertising market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global print advertising market is segmented - 1) By Type: Newspaper Advertising, Magazine Advertising, Posters and Banners, Others 2) By Industry: Retail, Electronics and Telecommunications, Insurance and Finance, Automotive, Others

The engineering services market consists of the sale of engineering services. Engineering services’ companies apply physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. Engineering services include the technical application of engineering in product designing, innovations, and others in industries such as building construction, mining, power and energy, transportation, manufacturing, and others. The global engineering services market is expected to grow from $830.48 billion in 2020 to $938 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1167.21 billion in 2025 at a CAGR of 5.6%. The engineering services market is expected to benefit from steady economic growth in developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019, 2020, and 3.6% from 2021 to 2023. This trend will be mainly driven by regions of Asia and Africa. According to the report, Asia will represent 66% of the global middle-class population by 2030. For instance, the Indian IT-BPM industry grew by 7.7% in FY 2017, with software products and engineering services reaching US$ 25 billion. Going forward, the Asia Pacific and Middle Eastern regions are expected to be the fastest-growing markets in the engineering services, design, animation, and graphic designing industries. Developing countries such as India and China have started attracting foreign investments to improve their infrastructure. This was mainly due to an increase in internet penetration, growth in population, and increasing economic activity. Lack of quality control and safety concerns of engineering firms may hinder the engineering services market growth. Defects or failures in construction activities result in high costs. These minor defects result in re-construction to make the facility operations impaired. Increased costs and delays are the results of ineffective internal controls and safety measures which hampers the end-to-end quality. For instance, QuEST, an engineering services company is facing difficulties caused due by a lack of understanding, problems in the execution process, and inconsistency across various business units. Companies in the industry are incurring high maintenance and budgeting costs to develop new and advanced methods to combat issues of safety and control. The increasing popularity and adoption of the Internet of Things (IoT) across the globe is the latest trend in the engineering services market. Internet of things (IoT) is a system of inter-related devices enabling transmission of data over a wide range of networks. IoT enables continuous innovations in real-time data analytics, design, and development products and helps businesses grow at a faster pace. Engineering service providers are increasingly using industrial IoT to improve and optimize their production process with better energy usage, resource allocation, and asset management. For Instance, PureSoftware, an engineering service company, has successfully integrated IoT to engineering services and built a steady IoT platform to improve accuracy and speed to retrieve data. India has a 43% market share in the global IoT market followed by Western Europe and North America with 27% and 23% respectively. The Construction Design and Management Regulation is also known as CDM Regulations/CDM 2015, came into force from 6 April 2015. These are the regulations governing the engineering service providers with respect to construction projects of all sizes and types. This CDM regulation 2015 was a replaced Construction (Design and Management) Regulation 2007, aiming to improve the overall health, safety, and welfare of the workers and professionals involved in construction. This regulation specifies the general requirement, states safety norms, and minimum welfare facilities required at the construction sites. In 2020, Wipro, an Indian software services exporter has acquired Eximius Design for $80 million. The acquisition is expected to strengthen Wipro’s market presence in the semiconductor ecosystem. Eximius Design is a California-based engineering services company focused on ASIC design, systems, and software engineering. Eximius design is founded in the year 2013 and has design centers in the US, India, Malaysia. Major players in the market are Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., and Aricent Group. The countries covered in the global engineering services market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global engineering services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global engineering services market is segmented - 1) By Type: Civil Engineering Services, Environmental Engineering Services, Construction Engineering Services, Mechanical Engineering Services, Others Engineering Services 2) By End User: Automotive, Industrial Manufacturing, Healthcare Sector, Aerospace, Telecommunications, Information Technology, Energy & Utilities, Others 3) By Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering 4) By Delivery Model: Offshore, Onsite

The public relations (PR) market consists of sales of public relations and related services. Public relations services’ companies manage, design, and implement communication between an organization and its customers. Activities of PR firms aim to promote the image of their clients and encourages favorable relations between the client and its stakeholders, such as consumers, government, the general public, employees, and investors. The global public relations market is expected to grow from $88.13 billion in 2020 to $97.13 billion in 2021 at a compound annual growth rate (CAGR) of 10.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $129.35 billion in 2025 at a CAGR of 7.4%. The rising need to gain a competitive advantage is driving the public relations market. Public relations can unite all functions with a single vision as per the mission of the organization. A well-made, integrated PR plan can connect customers and clients with the organization and creates a competitive advantage for organizations. It helps to attract attention and raise visibility for the product/service. In a PR Campaign, beverages brand Tropicana set out to show that even a small 150ml glass of Tropicana orange juice provides 60 percent of the daily Vitamin C. They set up an interactive billboard in London and showed an animated character, Little Glass, which discussed the health benefits of Vitamin C, of orange juice, specifically Tropicana and Tropicana representatives gave away 150ml glasses of orange juice. A research report in The Telegraph following the campaign showed that 88% of respondents said the campaign drove them to buy Tropicana more often and 100% of the respondents said that they had come away from the campaign believing Tropicana is worth paying more. Stringent data collection regulations such as GDPR (General Data Protection Regulation) prove to be a restraint on the market. These regulations strengthen the data protection and privacy of a country’s citizens, regardless of where they live or work. For instance, the companies that collect personal information from EU customers, receive web traffic from the EU or do business with EU citizens, fall under the ambit of GDPR. GDPR helps customers be aware of the type of data being collected and thus can opt-out or decline to opt-in. The market for PR focuses heavily on the collection, storage, and use of personal information for media relations. The data must be collected more cautiously and individuals have the option to not provide their personal information, which could restrain the market for public relations. Public relations (PR) companies are increasingly investing in programmatic PR in the digital medium. Programmatic PR refers to the automation of advertising. The increasing volume of global digital communications led to hand over the manual tasks to artificial intelligence. Programmatic PR increases transparency and control and is more efficient as it has better targeting capabilities for audiences. The area of reach is also greater in programmatic PR. For instance, Accenture Interactive entered the ad-buying world will incorporate the planning, buying, and management of programmatic advertisement campaigns. It will also help brands in developing a strategy for attacking programmatic buying. These technological advances will help PR and drive the market further. Globally, governments have enforced data protection laws in order to bring enforcement actions to protect consumers against unfair practices. For instance, the General Data Protection Regulation (GDPR) in European Union protects the personal data of individuals in the EU. For PR companies to ensure compliance with GDPR, they must publish a data protection policy that explains the kind of data they hold, what they do with it, and with whom they share it. The policy should also explain how subject access requests such as requests to reveal, change, or delete data are handled and give an overview of how they intend to keep the data secure. These are referred to as a privacy notice/policy. Also, a regular review is required to ensure that the IT systems and internal security processes are updated to current good practice. In April 2019, Publicis Groupe, a multinational advertising and public relations company acquired Epsilon for a $4.4 billion deal. This transaction benefited Publicis Groupe to add Epsilon’s innovation, technology, and creativity in its products or services that will help clients beat the competition and grow profitably. Epsilon is a marketing company that provides unique data and customer insights. Epsilon was founded in 1969 and is headquartered in Irving, Texas, US. Major players in the market are IPG, Publicis, Omnicom, WPP, and Prezly. The countries covered in the global public relations market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global public relations market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global public relations market is segmented - 1) By Medium: Events, Social Media, Influencer Marketing, Company Websites, TV, Print, Others 2) By End User: Consumer Goods and Retail, BFSI, Government and Public Sector, Telecom, IT, HealthCare, Media, Entertainment 3) By Type: Private PR Firms, Public PR Firms

Physical, engineering, and life sciences establishments are engaged in conducting research and experimental development in physical, engineering, and life sciences such as agriculture, environmental, botany, electronics, chemistry, fisheries, forests, mathematics, veterinary and other allied subjects. Research and development activities of physical engineering and life sciences organizations are funded by public sector organizations and commercial establishments. These organizations monetize their research findings, patents or products to fund their research activities. The global physical, engineering, and life sciences market is expected to grow from $455.83 billion in 2020 to $484.71 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $709.76 billion in 2025 at a CAGR of 10%. The physical, engineering, and life sciences market by type into physical and engineering sciences, life sciences services and by entities into organizations, sole traders, partnerships. A major transformation is under progress in the life science industry. Much of it is driven by the digital transformation which has a powerful re-imagination of the life science industry. Technology firms such as Microsoft, Cisco, IBM, Amazon and Google serve as the driving forces and initiators of digital life sciences transformation. Mobile computing is poised to support the digitization of health in combination with drug therapy, as well as through stand-alone therapies. Digital transformation can help people more effectively for making decisions on how to run the existing business and position the organization for the future. This rise in digital transformation drive the market growth. COVID-19 is an unprecedented challenge to the global life sciences industry. Pharmaceutical and biotech companies around the globe are working with governments to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. The UK and EU regulators have worked to provide up-to-date guidance in response to the evolving crisis, as well as to support research and development (R&D) that they hope will contain the impact of the spread. The MHRA stated that the safety of trial participants should be the first priority and this will remain its objective. These regulatory challenges can restrain the market growth. The introduction and advancement of new technologies such as nano sensors, bi-specific antibodies and computational biology have illustrated the progress that can be achieved through collaboration across a variety of disciplines between researchers and organisations. Collaboration between industry and regulators will promote greater self-regulation rooted in a culture of quality, operational competence and monitoring of results. The FDA has also suggested that it plans to partner with businesses more collaboratively to get products to market faster. collaboration will allow stakeholders to provide more responsive, more cost-effective treatment and better results. On January 2020, Vaccitech have announced their strategic collaboration with the Ludwig Institute for Cancer Research and Cancer Research UK (CRUK). In this partnership, CRUK’s Centre for Drug Development (CDD) will sponsor and manage a Phase I/II a clinical trial of the drug in combination with the current standard of care and first-line treatment (chemotherapy and anti-PD-1) in approximately 80 patients with the disease. The collaborators indicated new treatments for NSCLC are urgently needed, as it accounts for 88 percent of all cancer diagnoses in the UK each year, and only five percent of those survive for 10 years or more. The major players covered in the global physical, engineering, and life sciences market are IQVIA Holdings Inc, Battelle Memorial Institute, Syneos Health Inc, PRA Health Sciences Inc, Charles River Laboratories International Inc, PAREXEL International Corporation, Pharmaceutical Product Development LLC, Medpace Holdings Inc, Albany Molecular Research Inc, Hitachi High Technologies America Inc, PDL BioPharma Inc, Defense Advanced Research Projects Agency, Lawrence Livermore National Laboratory LLC, Los Alamos National Laboratory, AKKA Technologies (France), Qinetiq Group (UK), WuXi Apptec (China)., Argonne National Laboratory. The countries covered in the global physical, engineering, and life sciences market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global physical, engineering, and life sciences market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global physical, engineering, and life sciences market is segmented - 1) By Type: Physical And Engineering Sciences, Life Sciences Services 2) By Entities: Organizations, Sole Traders, Partnerships

The B2B legal services market consists of the sales of law-related services by entities (organizations, sole traders, and partnerships) that advise corporate clients on the body of law that governs disputes between businesses and represent corporate clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought. This segment excludes legal services offered during disputes between businesses and individuals. B2B legal services are usually provided by commercial law firms. Clients of commercial law firms include listed corporations, government institutions, small and medium-sized enterprises, and high net worth individuals. Only goods and services traded between entities or sold to end consumers are included. The global B2B legal services market is expected to grow from $390.62 billion in 2020 to $402.15 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $494.87 billion in 2025 at a CAGR of 5.3%. The B2B legal services market covered in the report is segmented by service type into civil or criminal; mergers and acquisitions; business transactions; others and by end-user into listed corporations; government institutions; small and medium-sized enterprises; high net worth individuals; others. An Increase in the number of mergers and acquisitions contributed to the growth of the B2B legal services market. For completing mergers and acquisitions transactions, the companies require to consult legal firms for finalizing the deal. According to the JPMorgan report on the 2020 Global M&A Outlook, the number of M&A deals in 2018 were 41, and in 2019 were 47 worldwide. The increase in the number of mergers and acquisitions drove the B2B legal services market. The shortage of skilled workforce in the industry is expected to limit the B2B legal services market. The effects of skilled workforce shortage are high turnover rate, ineffective staff management, increased business expenses, and loss of customers. According to research by Robert Half Legal, 91% of lawyers said that finding skilled legal professionals is challenging. Around 80% of lawyers responded about being concerned on losing top performers to other opportunities. The shortage of qualified workforce reduces the effectiveness of the firms output and negatively affects B2B legal services market. Legal service firms are using blockchain to provide a secure way to make transactions and record that transparently. Blockchain is open, distributed ledger that record transactions between the two association or companies efficiently and permanent way. According to the law firm’s survey in 2018, 53% of the legal service providing firms are researching blockchain solutions, and only 3% have implemented it. Smart contracts are created digitally and verifiable since they are on the blockchain. Smart contracts help lawyers spend more time on legal advising instead of drafting legal documents. For instance, Chainlink is a start-up that developed technology that relies on data from multiple sources and makes smart contracts more attractive. Blockchain and smart contracts offer several advantages such as secure transactions, transparent records, less paperwork, and more time for advising clients. In January 2020, UK based law firm DWF acquired Chicago-based managed services business Mindcrest for a deal amount of $18.5 million. DWF gets a readymade low-cost legal center through this acquisition that will bolt on to the existing managed legal services capabilities. Mindcrest provides litigation support, contracts, compliance, and legal analytics for corporate clients. The major players covered in the global B2B legal services market are Arps, Slate, Meagher & Flom, Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, Skadden, Allen & Overy, Kirkland & Ellis LLP, Latham & Watkins LLP, Baker & McKenzie, DLA Piper and Skadden. The countries covered in the global B2B legal services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global B2B legal services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global B2B legal services market is segmented - 1) By Service Type: Civil or Criminal, Mergers and Acquisitions, Business Transactions, Others 2) By End-User: Listed Corporations, Government Institutions, Small and Medium-sized Enterprises, High Net Worth Individuals, Others 3) By Size of Law Firm: Large Law Firms, SME Law Firms

The environment management, compliance, and due diligence services market consists of the sales of environment management, compliance, and due diligence services by entities (organizations, sole traders, and partnerships) that provide advisory services to businesses and other organizations for obtaining licenses, compliance with government regulations and due diligence. These companies undertake environmental audits and quality assurance checks, conduct inspections, and ensure companies comply with environmental laws, regulations, and international standards. The environmental due diligence involves steps to prevent an environmental offense from occurring. It can significantly reduce the risk of environmental accidents as well as regulatory and civil liability. Only goods and services traded between entities or sold to end consumers are included. The global environment management, compliance and due diligence market is expected to grow from $4.06 billion in 2020 to $4.28 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.76 billion in 2025 at a CAGR of 2.7%. The environment management, compliance, and due diligence services market covered in this report is segmented by service type into environment management services, environmental compliance services, environment due to diligence services, by end-users into mining, manufacturing and process industries, energy and utilities, government and regulators, infrastructure and development, others. Increasing environmental safety concerns across the globe contributed to the growth of the environmental management, compliance, and due diligence services market. Profound public interest in the threats facing the environment, as well as accelerating claims placed on the environment by the increased population, are projected to spur demand for environmental scientists and specialists. According to the U.S. Bureau Of Labor Statistics, the employment of environmental scientists and specialists is projected to grow 8% from 2019 to 2029, much faster than the average for all occupations. Environmental auditing has spread rapidly with an equivalent development of the approaches and techniques adopted. Therefore, working in an error-proof environment where the systems, tasks, and processes they work in are well designed would propel the revenues generated for the environment management, compliance, and due diligence services market. The high cost associated with environmental consulting services is expected to limit the growth of the environmental management, compliance, and due diligence services market. The services offered by an experienced consultant in the industry are priced high with a focus on the value of the service. For instance, the due diligence costs can range from $15,000 to $50,000 per site. Moreover, exponent’s engineers, scientists, and environmental economists charge a high price for environmental response actions, estimate current and future liabilities, and apportion prices among potentially responsible parties. This discourages small and medium enterprises to use the services as it increases their operational costs. The launch of carbon footprint management has created immense demand in the environmental management, compliance, and due diligence services market. Companies are increasingly following carbon footprint management at the vertical level due to the need to comply with carbon emissions regulations. For instance, in June 2020, SAP has launched a carbon emissions accounting system to address climate change. SAP launched the first solution in its Climate 21 program helping enterprises to perform their business operations efficiently where sustainability is an economic and strategic imperative. A carbon footprint is used as a transcript for the quantity of carbon (usually in tonnes) being discharged by an organization. It is also a significant constituent of the Ecological Footprint since it is one competing demand for biologically productive space. In July 2019, ASRC Industrial Services (AIS), a company providing environmental and industrial services across the USA acquired Environmental Quality Management (EQM) Inc. for an undisclosed amount. Through this acquisition, ASRC Industrial Services (AIS) plans to enhance its enterprise-wide capabilities and also aims at expanding the company’s presence in key markets to provide customer-focused industrial services. Environmental Quality Management (EQM) Inc. is a USA-based environment consulting, remediation, and construction company engaged in providing environmental compliance, environmental remediation, and other services to the public, government, and industrial sectors. The major players covered in the global environment management, compliance and due diligence market are AECOM, Tetra Tech, Strategix Application Solutions, Metrix Software Solutions, Lighthouse, Qooling, Intelex, SiteDocs, IndustrySafe, SafetySync, SafetyTek, iAuditor, Form, CH2M Hill, Tetra Tech, Arcadis, MyEasyISO. The countries covered in the global environment management, compliance and due diligence market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global environment management, compliance and due diligence market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global environment management, compliance and due diligence market is segmented - 1) By Service Type: Environment Management Services, Environment Compliance Services, Environment Due Diligence Services 2) By End-Users: Mining, Manufacturing And Process Industries, Energy And Utilities, Government And Regulators, Infrastructure And Development, Others 3) By Applications: Government, Utilities, Others

The site remediation consulting services market consists of the sales of site remediation consulting services and related goods by entities (organizations, sole traders, and partnerships) that provide advice and assistance to businesses and other organizations on activities such as the control of environmental contamination from pollutants, toxic substances, and hazardous materials. These companies provide solutions for assessment, management, and remediation to prevent and correct land contamination. Only goods and services traded between entities or sold to end consumers are included. The global site remediation consulting services market is expected to grow from $9.85 billion in 2020 to $10.59 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $12.76 billion in 2025 at a CAGR of 4.8%. The site remediation consulting services market covered in the report is segmented by type into bioremediation; pump & treat; in situ vitrification; thermal treatment; chemical treatment; excavation; soil washing; others and by application into waste disposal sites; oil & gas; mining; chemical & petrochemical; manufacturing; agriculture; construction; others. The rapid rise in air and water pollution levels over the last decade and the increase in natural calamities such as floods, earthquakes, and landslides globally is driving the demand for site remediation consulting services. There has been an increase in the scope for ecological restoration and site remediation consulting services due to the rise in natural calamities such as Tsunamis, hurricanes, and earthquakes. For instance, 19 floods stuck in the USA in 2016, and the Louisiana floods disaster cost was estimated at around $10 billion. In 2018, nearly 1808 earthquakes were recorded globally of magnitudes ranging from 5-8 and a significant amount was invested in site remediation services. Transformation from traditional consulting to cloud based consulting is one of the key trends shaping the market growth of the site remediation consulting services market during the forecast period. Most of the remediation services companies will use mobile devices to handle work orders and is expected to transform from traditional consulting to software-as-a-service based consulting. The software-as-a-service platforms are delivered in the form of EHS compliance, industrial environmental compliance management, carbon reporting, water quality management, and QHSE (quality, environmental, health & safety) management. Cloud based consulting provides an easy approach for consulting services and needs renewal after a certain period of time. In 2019, Tetra Tech Inc., a US-based, global provider of high-end consulting and engineering services for concerns associated with water, environment, infrastructure, resource management, energy, and international development acquired WYG plc for £43 million. The acquisition of WYG plc will place Tetra Tech Inc., as one of the leading global consulting, engineering, and program management firm focused on water, environment, and infrastructure. WYG plc is a UK-based, provider of technical expertise and commercial insight to property, asset, and infrastructure projects. The major players covered in the global site remediation consulting services market are Tetra Tech Inc, Environmental Resources Management, AECOM, CH2M Hill, Arcadis, Clean Harbors, Veolia Environmental Services. The countries covered in the global site remediation consulting services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global site remediation consulting services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global site remediation consulting services market is segmented - 1) By Type: Bioremediation, Pump & Treat, In situ Vitrification, Thermal Treatment, Chemical Treatment, Excavation, Soil Washing, Others 2) By Application: Waste Disposal Sites, Oil & Gas, Mining, Chemical & Petrochemical, Manufacturing, Agriculture, Construction, Others 3) By Service: Remediation Services, Soil Remediation Services, Water Remediation Services