A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office that provides fully-furnished workspaces, building management services and additional facilities, such as printers, communal break rooms, meeting room and internet connection. The main types of offering in the serviced offices are private offices, virtual offices, and others. A fully enclosed space with a movable door that provides a workplace for one individual is referred to as a private office. The different space providers include big brands, and independent and are used by various verticals such as IT and telecommunications, media and entertainment, retail, and consumer goods. The serviced office market research report is one of a series of new reports from The Business Research Company that provides serviced office market statistics, including serviced office industry global market size, regional shares, competitors with a serviced office market share, detailed serviced office market segments, market trends and opportunities, and any further data you may need to thrive in the serviced office industry. This serviced office market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global serviced office market size will grow from $33.3 billion in 2022 to $39.49 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global serviced office market size is expected to grow to $74.21 billion in 2027 at a CAGR of 17.1%. Governments are increasingly supporting and funding start-ups and SMEs which is primarily contributing to the growth of serviced offices. The serviced office is a type of office which is supplied with each and everything needed for an office and it is offered on rent. Start-ups and SMEs will not have much funds, and time to build the office. Therefore, most firms move to Serviced offices or co-working spaces. According to the world bank, there are 400-500 million SMEs, and start-ups across the globe, and the number is increasing day by day due to extensive support by the government. Increased Government support and funds for start-ups and SMEs boosted the demand for the serviced office market. The lack of available space in some cities has always been a major challenge in the serviced office market. In recent years, the availability of large conventional spaces in well-developed countries has been decreasing and the land rate in desired locations is increasing due to which the service office provider firm is not able to afford to buy and supply the offices with the basic needs. The lack of large spaces can harm the serviced office market. The serviced offices are implementing the internet of things into their services. A smart serviced office came in most of the aspects as a serviced office except that a smart serviced office is equipped with sensors, interactive devices, etc. For companies that are concerned about costs, the smart serviced office provides management services with the use of technology. For instance, an empty meeting room or a quiet area within the smart serviced office can be found easily using sensors. There are many advantages to IoT in the serviced office. Smart serviced offices offer several advantages such as improved time management, efficiency, and reduced operational cost. In October 2021, Knotel, a US-based provider of flexible workspace solutions to customers, matching, tailoring, and managing their space acquired Deskeo, for an undisclosed amount. The acquisition will help Knotel to strengthen its future of flexible offices. Deskeo is a France-based leader in providing flexible and serviced offices to enterprises. Major players in the serviced office market are, WeWork Companies, ServCorp., Regus, IWG PLC., Bizspace Ltd., Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo., LiquidSpace, Office Freedom, Serendipity Labs, ShareDesk, TechSpace, The Office Group, Breather Inc. and Knotel. Asia-Pacific was the largest region in the serviced office market in 2022. North America was the second largest region in the global serviced office market. The regions covered in the global serviced office market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the serviced office market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The serviced office market consists of revenues earned by entities by providing services such as dedicated receptionists, administrative support as well and facilities like conference rooms, meeting rooms, air conditioning, and other utilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global serviced office market is segmented - 1) By Offering: Private Offices, Virtual offices, Other Offerings 2) By Vertical: IT and Telcommunications, Media and Entertainment, Retail and consummer goods 3) By Space provider: Big brands, Independent

Office administrative services refer to activities that are done in-office and include activities such as reception, financial planning, billing and record-keeping, personnel, and mail services. These services are used to provide day-to-day office administrative services, such as financial planning, billing and recordkeeping, personnel management, and physical distribution and logistics. The main types of office administrative services are administrative management services, business management services, hospitality management services, health management services, and other services. The office administrative services market research report is one of a series of new reports from The Business Research Company that provides office administrative services market statistics, including office administrative services industry global market size, regional shares, competitors with a office administrative services market share, detailed office administrative services market segments, market trends and opportunities, and any further data you may need to thrive in the office administrative services industry. This office administrative services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global office administrative services market size will grow from $216.78 billion in 2022 to $238.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The office administrative services market size is expected to grow from $340.56 billion in 2027 at a CAGR of 9.3%. The growth in the office administrative services market is due to the rapid globalization and adoption of advanced technologies. Globalization refers to the increasing interconnection of economies, cultures, and communities around the world as a result of technology, cross-border trade in goods and services, and flows of capital, people, and information. Companies must deal with a growing range of cultural backgrounds as globalisation spreads. and thereby increases the office administration activities as well. For instance, in June 2021, according to an article shared by the World Bank, a US-based international financial institution, global growth is anticipated to go up to 5.6% this year, thanks in large part to the strength of advanced economies like China and the United States. In addition, global growth estimates for 2021 have been revised upward for practically all regions. In 2021, it is anticipated that China and the United States will each contribute roughly one-fourth of global growth. The U.S. economy has received significant budgetary support, vaccination is anticipated to become widely used by mid-2021, and this year's growth is anticipated to be 6.8%, the quickest rate since 1984. Therefore, rapid globalization is driving the growth of the office administrative services market. Emerging technologies such as robotic process automation (RPA), cloud computing, and software as a service are offering office administrative applications. These applications offer solutions for billing, sales, and other functions in an organization. For instance, in September 2020, Alfresco, a US-based provider of content management solutions, launched Alfresco Process Automation, a new generation platform as a Service (PaaS) offering for developing content-centric process applications. By distributing information to a range of business processes in an intelligent manner, this platform may automate business operations and help organisations get more value from their content. It incorporates artificial intelligence (AI) into fundamental business operations, such as document classification, entity extraction, or assisted decision-making, and offers insights and analytics via cloud-native services. Major players in the office administrative services are RK Advisors LLC., Epiq, e-Celtic Ltd., ISP Group, and Profitmaster BPO. Asia-Pacific was the largest region in the office administrative services market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the office administrative services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The office administrative services market includes revenues earned by entities by coordinating meetings, appointments and directing various administrative projects. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global office administrative services market is segmented - 1) By Type: Administrative Management Services, Business Management Services, Hospitality Management Services, Health Management Services, and Other Types - Office Administrative Services

Office supplies (except paper) refers to the process of producing office supplies (except paper). Office supplies (except paper) refer to products made by the establishments such as pens, pencils, felt tip markers, crayons, chalk, pencil sharpeners, staplers, modeling clay, hand-operated stamps, stamp pads, stencils, carbon paper, and inked ribbons. These products are used by office staff. The main types of office supplies (except paper) are business forms, stationery, storage containers, and other types. Stationery refers to the items such as scales, pens, and pencils that are used for office purposes. The various product types include desk, filling, binding, computer or printer and others which are used in different applications such as enterprises, household, educational institutions and others. The office supplies (except paper) market research report is one of a series of new reports from The Business Research Company that provides office supplies (except paper) market statistics, including office supplies (except paper) industry global market size, regional shares, competitors with a office supplies (except paper) market share, detailed office supplies (except paper) market segments, market trends and opportunities, and any further data you may need to thrive in the office supplies (except paper) industry. This office supplies (except paper) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global office supplies (except paper) market size will grow from $63.22 billion in 2022 to $66.22 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The office supplies (except paper) market size is expected to grow from $77.01 billion in 2027 at a CAGR of 3.8%. The growth in the office supplies (except paper) market is due to emerging market growth, a rise in disposable income, and technology development. The rise in disposable income is expected to propel the growth of the office supplies market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Because of the increase in disposable income, people choose to buy different types of office supplies which are used for writing and reading purposes. For instance, according to trading economies, a US-based company provides information about economic indicators, exchange rates, and stock market indexes. Disposable Personal Income in India increased the US $ 3017266.44INR Million in 2021 which is US $ 2525496.31 Million in 2020. Therefore, an increase in disposable income is driving the growth of the perishable prepared food manufacturing market. Technological advancement has emerged as a key trend gaining popularity in the office supplies market. Major companies operating in the office supplies market are focused on innovating new technologies to sustain their position in the market. For instance, in May 2022, The NPD Group, a US-based market research company, launch of its office supplies retail tracking service in Canada. The service will include point-of-sale statistics, including details on market size, market share, and consumption. Additionally, clients will have access to extensive market views, including the Top-Selling Items and Average Selling Prices to Align with Consumer Spend. In June 2022, Prosource, a UK-based company that manufactures office supplies, acquired VanDyke Inc. for an undisclosed amount. This acquisition helps Prosource to enter and expands its business in the US market. VanDyke Inc. is a US-based company that manufactures office supplies products. Major players in the global office supplies (except paper) market include ACCO Brands, Adelaide Hills Stationery, Bulk Office Supply, Euroffice, and Office Depot. Asia-Pacific was the largest region in the office supplies (except paper) market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the office supplies (except paper) market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The office supplies (except paper) market includes revenues earned by entities by producing materials and equipment that are frequently used in offices by companies and other organisations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global office supplies (except paper) market is segmented - 1) By Type: Business Forms, Stationery, Storage Containers, and Other Types 2) By Product Type: Desk, Filling, Binding, Computer or Printer, Other Product Types 3) By Application: Enterprises, Household, Educational Institutions, Other Applications

Institutional and office furniture refers to any piece of furniture with component parts that can stand alone and does not need to be installed, such as computer desks, chairs, file cabinets, tables, and lounge seating. The main types of institutional and office furniture are institutional furniture and office furniture. Any furnishing which is free-standing and does not necessitate component parts installation is considered office furniture. The different raw materials include wood, plastic, and metal and are distributed through various channels such as exclusive showrooms, online, supermarkets or hypermarkets, and others. The institutional and office furniture market research report is one of a series of new reports from The Business Research Company that provides institutional and office furniture market statistics, including institutional and office furniture industry global market size, regional shares, competitors with institutional and office furniture market share, detailed institutional and office furniture market segments, market trends and opportunities, and any further data you may need to thrive in the institutional and office furniture industry. This institutional and office furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global institutional and office furniture market grew from $223.39 billion in 2022 to $241.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The institutional and office furniture market is expected to grow to $318.05 billion in 2027 at a CAGR of 7.1%. Increasing demand for online shopping is expected to help the institutional and office furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the institutional and office furniture manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the institutional and office furniture manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Furniture manufacturers are adopting sustainable practices in their manufacturing process. This is mainly a result of growing consumer awareness of sustainable living that is resulting in increasing demand for eco–friendly furniture. This includes minimizing fuel consumption and recycling wood by-products. Companies manufacturing eco-friendly furniture products procure wood from plantations that grow sustainable plants and have a long-term conservation policy. For example, Crate and Barrel, a North American home retailer is working directly with the Tropical Forest Trust to ensure that the selected hardwood for manufacturing of their furniture is from sustainable plantations that are managed for their long-term conservation. Similarly, Ashley Furniture Industries, Inc. has adopted a “green” approach wherein it focuses on replenishing, recycling, and reusing of furniture by using recyclable engineered wood and by reducing raw materials wastage. Major companies in the institutional and office furniture market include Steelcase Inc., Haworth, Inc., Herman Miller Inc., HNI Corporation, Kokuyo Co Ltd., Okamura Corporation, Itoki Corporation, Knoll Inc., Kimball International and Godrej & Boyce Mfg. Co. Ltd. Asia-Pacific was the largest region in the institutional and office furniture market in 2022. Western Europe was the second largest region in the institutional and office furniture market. The regions covered in the institutional and office furniture report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the institutional and office furniture market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The institutional and office furniture market consists of sales of office chairs and tables, reception furniture, and retail sales. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global institutional and office furniture market is segmented - 1) By Type: Institutional Furniture, Office Furniture 2) By Distribution Channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Other Distribution Channels 3) By Raw Material: Wood, Plastic, Metal Subsegments Covered: School Furniture , General Purpose Institutional Furniture, Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture

Printing and Related Support Activities refer to a collective term for all the activities such as producing newspapers, books, labels, business cards, stationery, and other items, as well as supporting tasks such as data imaging, platemaking, and bookbinding for educational and commercial purposes. The main types of printing and related support activities are printing and support activities for printing. Printing is a method of replicating text and pictures on paper using ink and a printing press. The different technologies include flexography printing, rotogravure printing, digital printing, offset printing, and others. Printing and related support activities are used for packaging, advertising, publishing, and other applications. The printing and related support activities market research report is one of a series of new reports from The Business Research Company that provides printing and related support activities market statistics, including printing and related support activities industry global market size, regional shares, competitors with a printing and related support activities market share, detailed printing and related support activities market segments, market trends and opportunities, and any further data you may need to thrive in the printing and related support activities industry. This printing and related support activities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global printing and related support activities market grew from $355.78 billion in 2022 to $369.89 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The printing and related support activities market is expected to grow to $416.28 billion in 2027 at a CAGR of 3.0%. The introduction of metal 3D and LED-UV printing is developing rapidly in the offline post-press and finishing services market. These save energy, has shorter lead times, are environmentally friendly, provides consistent quality and have longer life. These technologies permit the immediate post-press of print products and impresses with a variety of colors, even on uncoated stock. For instance, companies such as Materialise NV, a 3D printing service provider and software developer are heavily investing in metal 3D printing technologies. Major companies in the printing and related support activities market include Dai Nippon Printing Co. Ltd., Taylor Corporation, RR Donnelley, LSC Communications Inc., SHUTTERFLY INC., QUAD/GRAPHICS INC., ENNIS Inc., Japs-Olson Company, and The Crane Company and Gannett Co Inc. Asia-Pacific was the largest region in the printing and related support activities market in 2022. North America was the second largest region in the printing and related support activities market. The regions covered in the printing and related support activities market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the printing and related support activities market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The printing and related support activities market includes revenues earned by entities by printing material, screen printing, letterpress printing, and digital printing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global printing and related support activities market is segmented - 1) By Type: Printing, Support Activities For Printing 2) By Technology: Flexography Printing, Rotogravure Printing, Digital Printing, OffSet Printing, Other Technologies 3) By Application: Packaging, Advertising, Publishing, Other Applications Subsegments Covered: Commercial Printing (except Screen And Books), Commercial Screen Printing, Books Printing

Leasing is a financial arrangement in which a person, company, or other entity pays to use land, a vehicle or other property for a set period. The cash outflow and payments related to leasing are spread out over several years, hence saving the burden of one-time significant cash payments, which helps a business to maintain a steady cash-flow profile. The main types of leasing are automotive equipment leasing, consumer goods, general rental centers, machinery leasing,g and lessors of nonfinancial intangible assets. The automotive equipment leasing industry includes businesses that rent or lease vehicles without drivers, such as passenger cars, truck tractors, utility trailers, buses, semi-trailers, trucks, recreational vehicles (RVs,) and passenger vans. The different modes include online, and offline and involve various lease types such as closed-ended lease, option to buy the lease, sub-vented lease, and others. The leasing market research report is one of a series of new reports from The Business Research Company that provides leasing market statistics, including leasing industry global market size, regional shares, competitors with a leasing market share, detailed leasing market segments, market trends, and opportunities, and any further data you may need to thrive in the leasing industry. This leasing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global leasing market grew from $1519.9 billion in 2022 to $1674.39 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The leasing market is expected to grow to $2424.62 billion in 2027 at a CAGR of 9.7%. The emergence of startups as major clients of leasing service providers is expected to drive the market. Driven by cost efficiency and the necessity to acquire advanced equipment which is often high-priced, startups have started renting or leasing their equipment. The increasing number of startups is also expected to positively impact the market. For instance, according to the Department for Promotion of Industry and Internal Trade report, there are 16,000 start-ups in India during 2020-2021, depicting new opportunities for the leasing market in the client expansion and revenue generation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the leasing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Internet of things technology is widely being used by car rental and leasing companies to maintain and manage fleets. The Internet of things is a network of internet-connected objects or devices able to collect and exchange data using embedded sensors. According to ABI Research, a US-based technology company, 30 million new connected vehicles are sold worldwide in 2020, accounting for about 41% of all new auto sales. Furthermore, approximately 94 million IoT-connected cars are shipped in 2021, which is likely to be 82% of all cars shipped. Using IoT technology, car leasing companies can access odometer and diagnostic trouble codes (DTCs) in real time which facilitates fleet maintenance. This technology is also being used by car rental companies to check fuel level information at the point of car return, eliminating the need for staff to check fuel levels manually. Further, virtual key solutions for locking and unlocking doors help avoid the management of a large number of physical keys. For example, car rental firm Hertz is implementing IoT technology to provide keyless car rental services and manage its fleet to reduce costs. Major companies in the leasing market include Enterprise Holdings Inc., Berkshire Hathaway Inc., McDonald's, Daimler AG, LeasePlan Corporation N.V., General Electric Company, United Rentals Inc., Koninklijke Ahold Delhaize N.V, Tokyo Century and Ford Motor Co. Asia-Pacific was the largest region in the leasing market in 2022. North America was the second-largest region in leasing market. The regions covered in the leasing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the leasing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The leasing market consists of revenues earned by entities that are engaged in providing variety of tangible goods leasing services such as passenger car rental, consumer goods rental, general rental, heavy construction machinery rental. This market does not include house leasing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global leasing market is segmented - 1) By Type: Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets 2) By Mode: Online, Offline 3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types Subsegments Covered: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And RV (Recreational Vehicle) Rental And Leasing, Consumer Goods Rental, General Rental Centers, Heavy Construction Machinery Rental, Commercial Air, Rail, and Water Transportation Equipment Rental, Mining, Oil And Gas, And Forestry Machinery And Equipment Rental, Office Machinery And Equipment Rental, Other Commercial And Industrial Machinery And Equipment Rental, Oil Royalty Companies, Patent Owners And Lessors

Commercial services refer to businesses that provide that perform support activities for the day-to-day operations of other businesses or organizations. These services assist business customers with policy quotes, needs analysis, insurance applications, and coverage renewals. Great customer service leads to better customer loyalty, higher revenue, and lower costs. The main types of commercial services are office administrative services, facilities support services, employment services, business support services, travel arrangement and reservation services, waste management and remediation services, investigation and security services, services to buildings and dwellings, and other support services. Office administration refers to a set of day-to-day operations linked to the upkeep of office space, financial management, record keeping and billing, personal development, physical distribution, and logistics. The different modes include online, and offline and involve various service types such as hard services, soft services, and other services. The commercial services market research report is one of a series of new reports from The Business Research Company that provides commercial services market statistics, including commercial services industry global market size, regional shares, competitors with a commercial services market share, detailed commercial services market segments, market trends and opportunities, and any further data you may need to thrive in the commercial services industry. This commercial services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global commercial services market grew from $5152.37 billion in 2022 to $5696.44 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial services market is expected to grow to $8015.14 billion in 2027 at a CAGR of 8.9%. Artificial intelligence is widely being used by business organizations in customer support activities as it considerably reduces operational costs xx. Artificial intelligence systems perform tasks that normally require human intelligence such as speech recognition, translation between languages, visual perception, and decision-making. This technology enables the handling of customer grievances and other interactions without human intervention, thereby increasing efficiency and reducing operational costs. It also helps manage support tickets in bulk and provides multi-language support, and auto-responding to bulk emails. According to a study by Oracle, nearly 8 out of 10 businesses have already implemented or planning to adopt artificial intelligence in customer support in 2020. Some of the companies using artificial intelligence in customer support include China Merchant Bank, Fiat Argentina, Toshiba France, and KLM airlines. Major companies in the commercial services market include BCD Travel, Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Waste Management Inc., Securitas AB, and Veolia Environment SA. Asia-Pacific was the largest region in the commercial services market in 2022. Western Europe was the second-largest region in the commercial services market. The regions covered in the commercial services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commercial services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The commercial services market consists of revenues earned by entities that provide services such as business management services, hospitality management services, health management services, maintenance services, reception services, document preparation services, and security systems services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global commercial services market is segmented - 1) By Type: Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services 2) By Mode: Online, Offline 3) By Service Type: Hard Services, Soft Services, Other Services Subsegments Covered: Business Management Services, Hospitality Management Services, Health Management Services, Other Office Administrative Services, Maintenance Services, Security & Guard Services, Reception Services, Other Facilities Support Services, Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations, Document Preparation Services, Telephone Call Centers, Business Service Centers, Collection Agencies, Credit Bureaus, Other Business Support Services, Travel Agencies, Tour Operators, Convention And Visitors Bureaus, Other Travel Arrangement And Reservation Services, Waste Collection, Waste Treatment And Disposal, Remediation Services, Other Waste Management Services, Investigation, Guard, And Armored Car Services, Security Systems Services, Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services to Buildings And Dwellings, Packaging And Labeling Services, Convention And Trade Show Organizers, All Other Support Services

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components including hardware, software, and service. The different modes include online and offline. The services market research report is one of a series of new reports from The Business Research Company that provides services market statistics, including services industry global market size, regional shares, competitors with a services market share, detailed services market segments, market trends, and opportunities, and any further data you may need to thrive in the services industry. This services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global services market grew from $13,978.41 billion in 2022 to $15,223.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The services market is expected to grow to $20,650.56 billion in 2027 at a CAGR of 7.9%. Rapid advances in technology are expected to drive innovation in different sectors of the services industry, thus driving the market during the forecast period. Areas of rapid technological change included electronic equipment, automobiles, and electronics, which in turn will lead to an increase in services for that equipment. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into services to enable services such as remote monitoring, and central feedback systems, and to offer other services. These factors are expected to drive the services market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. With companies focusing on core business operations, automated billing systems are widely being used to minimize billing errors and reduce costs. Automated systems generate and send electronic copies of invoices directly to customers. Automated billing systems can result in savings of 60-80% compared to traditional paper-based billing systems. Automated billing systems also enable tracking of unpaid bills, automating payment reminders and recurring invoices, managing discounts, and coupons, and creating of customized invoices. These systems also generate real-time reports on sales, orders, and budgets that help track business performance. Some of the popular automated billing systems include Zoho Invoice, QuickBooks, Invoice2go, and Intacct. Major companies in the services market include BCD Travel, Enterprise Holdings Inc., Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Berkshire Hathaway Inc., and Waste Management Inc. Asia-Pacific was the largest region in the services market in 2022. North America was the second-largest region in the services market. The regions covered in the services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global services market is segmented - 1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair and Maintenance 2) By Component: Hardware, Software, Service 2) By Mode: Online, Offline Subsegments Covered: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations, Real Estate Rental, Real Estate Agency and Brokerage, Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets, Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services,, Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services, Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance