Global Professional Services Market Opportunities And Strategies For Major Players In The Professional Services Market 2021-2030
5 Aug, 2021
The professional services market consists of the sales of professional services and related goods by entities (organizations, sole traders and partnerships) that offer services that provide support to businesses of all sizes, in all industries, and to individuals and institutions, in processes where human capital is the major input. Professional services establishments make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.
Global Professional Services Market Size And Drivers:
The global professional services market reached a value of nearly $5,028.9 million in 2020, having increased at a compound annual growth rate (CAGR) of 2.8% since 2015. The market is expected to grow at a CAGR of 7.0% from 2020 to reach $7,063.9 million in 2025. The global professional services market is expected to reach $9,371.1 million in 2030, at a CAGR of 5.8%. The professional services market is expected to benefit from rising focus on customer satisfaction and experience surveys.
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Trends In The Global Professional Services Market
Advertising and public relations agencies are adopting artificial intelligence tools to accurately target and deliver advertisements over the internet. Also known as programmatic advertising, most online advertisements are being delivered by AI powered software systems. Visitors to a website or mobile application are profiled using artificial intelligence and that information is processed by a complex network of platforms and services to display relevant advertisements. Technology companies such as Google and Facebook use artificial intelligence powered advertising to help brands effectively market their products.
Global Professional Services Market Segments:
The global professional services market is further segmented based on type and geography.
By Type: Design, Research, Promotional And Consulting Services, Legal Services, Accounting Services, All Other Professional, Scientific, and Technical Services
Subsegments covered: Photographic Services, Market Research Services, Advertising, Public Relations And Related Services, Scientific Research And Development Services, Environmental Consulting Services, Management Consulting Services, Specialized Design Services, Architectural, Engineering Consultants And Related Services, B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Law Practices, Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing And Other Accounting Services, Translation Services, Other Professional, Scientific, And Technical Services
By Geography: The global professional services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global professional services market, accounting for 36.5% of the total in 2020.
Read More On The Report For The Global Professional Services Market At:https://www.thebusinessresearchcompany.com/report/professional-services-market
Professional Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides professional services market overviews, analyzes and forecasts market size and growth for the global professional services market, professional services market share, professional services market players, professional services market segments and geographies, professional services market’s leading competitors’ revenues, profiles and market shares. The professional services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.