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

The services to buildings and dwellings refer to those agencies that provide day-to-day property maintenance services to buildings and dwellings. Extermination and pest control firms exterminate and control birds, mosquitoes, rodents, termites, and other insects and pests. The main types of services to the building and dwelling market are exterminating and pest control services, janitorial services, landscaping services, carpet, and upholstery cleaning services, and other services to buildings and dwellings. Control and extermination is a professional task that entails attempting to keep insects out of the structure while also attempting to eliminate those that are already there. The different modes are online, and offline and are used in commercial, industrial, governmental, institutional, residential, and municipal. The services to building and dwellings market research report is one of a series of new reports from The Business Research Company that provides services to building and dwellings market statistics, including services to the building and dwellings industry global market size, regional shares, competitors with services to building and dwellings market share, detailed services to building and dwellings market segments, market trends and opportunities, and any further data you may need to thrive in the services to building and dwellings industry. This services to building and dwellings 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 to buildings and dwellings market grew from $937.57 billion in 2022 to $1,033.4 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 services to buildings and dwellings market is expected to grow to $1,473.76 billion in 2027 at a CAGR of 9.3%. Companies providing services to buildings and dwellings are increasingly using IoT technology for easy monitoring and maintenance of client sites. IoT helps facility managers to monitor deficiencies in the system and provides information about building and ongoing processes with help of video surveillance and motion sensors. With automation and control connected to a single device and intra-device communication, monitoring and finding issues in the client site becomes easy. IoT devices placed in buildings are programmed to raise red flags upon system failures and enable service providers to respond promptly avoiding major breakdowns. Amazon Web Services (AWS) introduced IoT device management and offers customized software development and systems for the same. This system makes it easy to register, organize, monitor, and remotely manage IoT devices at scale. In this setting, firms can register intra-communication devices individually or in bulk, and manage permissions so that devices remain secure. Major companies in the services to building and dwellings market include ABM Industries Inc., Rentokil Initial, BrightView, Rollins, ServiceMaster, TruGreen, Mitie Group PLC, Davey Tree Expert Company, Vonovia SE, and Chemed Corp. North America was the largest region in the services to buildings and dwellings market in 2022. Asia-Pacific was the second-largest region in the services to buildings and dwellings market. The regions covered in the services to building and dwellings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services to buildings and dwellings 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 to the building and dwellings market consist of revenues earned by entities by providing services such as landscaping services, pest control services, and other related 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 to buildings and dwellings market is segmented - 1) By Type: Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services to Buildings And Dwellings 2) By Mode: Online, Offline 3) By Application: Commercial, Industrial, Governmental, Institutional, Residential, Municipal

Services for the elderly and persons with disabilities refers to non-residential social assistance programs offered to improve the quality of life for the elderly, people with intellectual and developmental disabilities, and people with disabilities. The main types of services for the elderly and persons with disabilities are institutional care; adult daycare, and home care. Adult day care is a structured activity program in a professional care setting for older adults who need supervised care during the day or who are isolated and lonely. The various service providers include public expenditures, private expenditures, and out-of-pocket spending that is used by the elderly and disabled adults. The services for the elderly and persons with disabilities market research report is one of a series of new reports from The Business Research Company that provides services for the elderly and persons with disabilities market statistics, including services for the elderly and persons with disabilities industry global market size, regional shares, competitors with services for the elderly and persons with disabilities market share, detailed services for the elderly and persons with disabilities market segments, market trends, and opportunities, and any further data you may need to thrive in the services for the elderly and persons with disabilities industry. This services for the elderly and persons with disabilities 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 for the elderly and persons with disabilities market size will grow from $445.58 billion in 2022 to $476.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. 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 global services for the elderly and persons with disabilities market size is expected to grow to $605.54 billion in 2027 at a CAGR of 6.2%. The decreasing household size coupled with a rapidly aging population is anticipated to aid in the growth of the services for the elderly and persons with disabilities market. The decline in household size is attributed to the reduced number of people living as a family. For instance, according to the English Housing Survey, the average household size in the UK was 2.2 persons in 2020-2021, down from 2.4 persons in 2019- 2020. Also, the surge in the aging population is generating higher demand for services for elderly people, thereby propelling the revenues of the market. According to the United Nations Department of Economic and Social Affairs report published on World Population Ageing, there were 727 million persons aged 65 years and above in 2020, up from 703 million in 2019 and this number is likely to double to 1.5 billion people by 2050. In addition to this, the number of people aged 80 years and older is projected to increase from 143 million in 2019 to 426 million by the end of 2050. The need for care for the aging population creates a demand for services for the elderly and disabled, which, in turn, drives the market. Elder abuse in centers that provide services for the elderly and persons with disabilities are expected to hamper the market. Elder abuse is increasing in the institutions that provide care to the elderly. According to the report released by the World Health Organization in June 2020, about 2 in 3 staff working in institutions such as nursing homes and long-term care facilities have reported that they have committed abuse in the previous year. Elder abuse can lead to serious physical injuries and long-term psychological consequences. The high abuse rate among elders in the care settings, therefore, creates a state of fear for the elders and their loved ones opting for these services, which leads to a decision of not opting for these services, thereby, hindering the market. Many companies across the globe are using robots to smoothen the transition of providing care facilities to elderly patients. For instance, Bright Cape, an Eindhoven-based company, has developed SARA, which stands for social and autonomous robotic health assistants. The project is part of the European EIT Digital Innovation Consortium and aims to reduce the workload in healthcare and improve the quality of treatment in general. Japan is installing robots in nursing homes, workplaces, and schools as its population ages and the labor force decline. In September 2020, Elderday Centre, a US-based non-profit adult daycare program, merged with Seniors Helping Seniors® Fox Valley, a US-based non-medical provider of in-home care services for seniors. This merger is expected to meet the needs of seniors who require special attention, whether in a daycare community or at home. Major players in the services for the elderly and persons with disabilities market are CK Franchising Inc., Right at Home Inc., Home Instead Inc., Living Assistance Services, Brookdale Senior Living Inc., Senior Care Centers of America, and BAYADA Home Health Care. Western Europe was the largest region in the services for the elderly and persons with disabilities market in 2022. Asia-Pacific was the second-largest region in the global services for the elderly and persons with disabilities market. 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 services for the elderly and persons with disabilities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The services for the elderly and persons with disabilities market consists of revenues earned by entities that provide services such as adult day care, activity centers for senior citizen and disable, disability support, home care of elderly. 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 for the elderly and persons with disabilities market is segmented - 1) By Service Type: Institutional care, Adult Day-care, Home Care 2) By Service Provider: Public Expenditure, Private Expenditure, Out-of-Pocket Spending 3) By End-user: Elderly, Disabled adults

Employment services refer to those services that provide labour or workforce to other businesses for their organizational activities usually on a temporary, short-term, or long-term basis. Employment services were intended to help people obtain jobs, particularly by offering training or enabling contact between companies and job seekers. The different types of employment services are employment placement agencies, executive search services, temporary help services, and professional employer organizations. An employment agency is a business that is hired to find and hire people for other businesses. The agency can be either governmental or private, with operations at the federal, state, or local levels. The different modes include online, and offline and are used by various sectors such as banking and financial, engineering, medical, information and technology, and others. The employment services market research report is one of a series of new reports from The Business Research Company that provides employment services market statistics, including the employment services industry global market size, regional shares, competitors with an employment services market share, detailed employment services market segments, market trends and opportunities, and any further data you may need to thrive in the employment services industry. This employment 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 employment services market grew from $1,603.09 billion in 2022 to $1,780.14 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. 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 employment services market is expected to grow to $2,624.22 billion in 2027 at a CAGR of 10.2%. Executive search services companies and recruitment agencies are increasingly relying on artificial intelligence to simplify the recruitment process. The recruitment process involves screening profiles from a large applicant pool which is time-consuming. Artificial intelligence can automate this process for effective screening and assessment of candidates. Additionally, artificial intelligence-powered chatbots are being used for initial communication with job applicants and scheduling interviews. For instance, the ARYA platform by Leo force uses artificial intelligence to analyze profiles, resumes, and information on the web to screen job applicants. Olivia, a chat bot communicates with candidates through mobile platforms or social channels to schedule interviews. Major companies in the employment services market are Randstad Holding NV, Adecco Group, Recruit Holdings, ManpowerGroup Inc., Hays Plc, Kelly Services Inc., ADP LLC, Insperity, Inc., Robert Half International Inc., and Korn Ferry. North America was the largest region in the employment services market in 2022. Asia-Pacific was the second-largest region in the employment services market. The regions covered in the employment services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the employment 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 employment services market consists of revenues earned by entities that list employment vacancies and refer or place applicants for employment, provide executive search, recruitment, and placement services, and supply workers to clients' businesses for limited periods of time to supplement the working force of the client, or provide human resources and human resource management services to client businesses and households. 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 employment services market is segmented - 1) By Type: Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations 2) By Vertical: Banking and Financial, Engineering, Medical, Information and Technology, Other Verticals 3) By Mode: Online, Offline

Vocational rehabilitation is a set of services intended to make it easier for people with disabilities or for those who have recently sustained an injury or a handicap to enter the workforce or return to it. Additionally, these services could change according on the needs of the person. The main types of vocational rehabilitation services are counseling and guidance, job search and placement assistance, vocational and other training services, evaluation of physical and mental impairments, on-the-job or personal assistance services, interpreter services, occupational licenses, and technical assistance for self-employment, supported employment services and others. Occupational licensing is a type of government regulation that requires a license to pursue a specific profession or vocation for a fee. The services are provided for physical, mental, and disabilities that occurred during the job. The various care settings include in-patient and out-patient services. The vocational rehabilitation services market research report is one of a series of new reports from The Business Research Company that provides vocational rehabilitation services market statistics, including vocational rehabilitation services industry global market size, regional shares, competitors with a vocational rehabilitation services market share, detailed vocational rehabilitation services market segments, market trends and opportunities, and any further data you may need to thrive in the vocational rehabilitation services industry. This vocational rehabilitation 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 vocational rehabilitation services market size will grow from $4.94 billion in 2022 to $5.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. 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 global vocational rehabilitation services market size is expected to grow to $6.32 billion in 2027 at a CAGR of 4.9%. An increase in the number of companies expressing interest in hiring individuals with disabilities is expected to drive the vocational rehabilitation services market. There is a rise in companies recruiting people with disabilities for empowering them and also provide them with a source of income opportunity, which in turn benefits the company with loyal employees and a diverse workplace. According to the Bureau of Labor Statistics, 17.9% of individuals with a disability were employed in 2020. Similarly, in 2020, UnitedHealth Group with the Inclusion and Diversity Center of Excellence launched Disability Inclusion Internship Program. This collaboration with disability workforce development agencies and non-profit community partners was aimed at creating a career development program that would be opened to anyone with a disability seeking corporate experience in an inclusive environment. This program takes place over the course of 12 to 15 weeks in a cohort setting during flexible full or part-time hours. During their internships, interns explore careers in the healthcare industry and receive hands-on training and mentoring to prepare for UnitedHealth Group corporate roles. The program offers participants opportunities to transition into part or full-time employment after completing the program. The shortage of skilled workers in vocational rehabilitation (VR) centers is expected to hinder the vocational rehabilitation services market. Proficient workers are needed for training people with disabilities as they require more intense and structured training than people without disabilities. According to the Council of State Governments, several state VR agencies are unable to provide services to all eligible applicants due to financial constraints and have adopted an "Order of Selection" to determine who receives services first. Furthermore, according to WHO (World Health Organization), in November 2021, stated that over 50% of people in low and middle-income countries do not receive rehabilitation services. According to the Bureau of Labor Statistics, the shortage of qualified rehabilitation counselors is anticipated to grow by 20% by the end of 2022. This shortage of skilled counselors causes a demand-supply gap, impedes the learning experience of disabled people, and thereby, hampers the market growth. Organizations operating in the vocational rehabilitation services market are focusing on integrating technology to make the administration work easier, connecting individuals with their counselors, and handling data. For instance, in March 2020, as part of its modernization initiative, Vocational Rehabilitation & Employment (VR&E) launched an Automated Virtual Assistant (e-VA) project. Similarly, in September 2020, Microsoft, a US-based technology company launched Microsoft Enabler Program for increasing employability for people with disabilities in the Asia-Pacific. Microsoft's Enabler Program provides cloud and AI training for the physically impaired with inclusive employment opportunities through non-profit organizations. Major players in the vocational rehabilitation services market are Rehabilitation Services Administration (RSA), Vocational Rehabilitation and Employment (VR&E), illuminate VR Services Ltd., Vocational Rehabilitation Association (VRA), Easterseals Arc, RISE Inc., Vocational rehabilitation of the handicapped person, Georgia Vocational Rehabilitation Agency and New York State Education Department, Adult Career and Continuing Education Services - Vocational Rehabilitation. Western Europe was the largest region in the vocational rehabilitation services market in 2022. Asia-Pacific was the second-largest region in the global vocational rehabilitation services market. The regions covered in the global vocational rehabilitation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vocational rehabilitation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The vocational rehabilitation services market consists of revenues earned by entities by career assessment and evaluation, training, general skill improvement, refresher courses, on-the-job training, career counseling, job searches, and consultation. 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 vocational rehabilitation services market is segmented - 1) By Service: Counselling And Guidance, Job Search And Placement Assistance, Vocational And Other Training Services, Evaluation Of Physical And Mental Impairments, On-The-Job Or Personal Assistance Services, Interpreter Services, Occupational Licenses, Technical Assistance For Self-Employment, Supported Employment Services, Other Services 2) By Disability: Physical, Mental, Disability Occurred During Job 3) By Care Settings: In-patient, Out-patient

The oil and gas supporting activities provide support activities on a contract or fee basis for oil and gas operations such as exploration, drilling, and extraction. The main types of oil and gas supporting activities are well maintenance, exploration, and well developing. Exploration companies drilled a deep test hole, and exploratory well both onshore and offshore to locate proven reserves of recoverable gas and oil. The various drilling types include offshore, and onshore that are used for crude petroleum comprises and natural gas extraction comprises. The oil and gas supporting activities market research report is one of a series of new reports from The Business Research Company that provides oil and gas supporting activities market statistics, including oil and gas supporting activities industry global market size, regional shares, competitors with a oil and gas supporting activities market share, detailed oil and gas supporting activities market segments, market trends and opportunities, and any further data you may need to thrive in the oil and gas supporting activities industry. This oil and gas supporting 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 oil and gas supporting activities market grew from $272.98 billion in 2022 to $285.39 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. 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 oil and gas supporting activities market is expected to grow to $337.01 billion in 2027 at a CAGR of 4.2%. The oil and gas supporting activities market was mainly driven by rapid growth in emerging markets in the historic period. Emerging markets growth was aided by rising disposable income, stable political environment and increasing foreign investments in these countries. For instance, China’s GDP grew by 2.3% in 2020 to $14.72 trillion. Additionally, according to the World Economic Outlook Reports by the IMF, global GDP growth was around 3.3% and 3.4% in 2020 and 2021 respectively. Thus, strong economic growth boosted the demand for oil and gas, and this drove the oil and gas supporting activities market during the historic period. Growing popularity of renewable energy sources was a major restraint on the oil and gas supporting activities market during the historic period. The removal of fuel subsidies by governments and the drop in renewable energy technology and infrastructure costs meant the cost of power generated through solar and wind energy became comparable to the cost of power generated through fossil fuels. Certainty in capital costs and absence of material costs is favorable to renewable energy projects when compared to petrochemical-based projects where project ROI (Return on Investment) is dependent on raw material costs, thus affecting the growth of the market. Companies providing support activities for oil and gas operations are using rig-less technology to reduce turnaround time for decommissioning of wells. Rig-less P&A refers to decommissioning of oil wells wherein companies need not replace tubes and drill pipes while placing primary or secondary barriers, thus offering significant cost savings over rig-based operations. Also, the equipment used for rig-less P&A can also be operated at a water depth of 1600 feet. For instance, some of the major companies using rig-less technology include Baker Hughes, Halliburton, Oceaneering International, Schlumberger, and Weatherford. Major companies in the oil and gas supporting activities market include Schlumberger Ltd., TechnipFMC plc, Saipem, Halliburton, Weatherford International plc, Petrofac, Aibel, Calfrac Well Services Ltd., Patterson-UTI Energy, Inc., and Trican Well Service Ltd. North America was the largest region in the oil and gas supporting activities market in 2022. Middle East was the second largest in the oil and gas supporting activities market. The regions covered in the oil and gas supporting activities market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oil and gas supporting 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 and Vietnam. The oil and gas supporting activities market includes revenues earned by entities by logging, cementing, casing, perforating, fracturing, and maintenance. 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 oil and gas supporting activities market is segmented - 1) By Type: Well Maintenance, Exploration, Well Developing 2) By Drilling Type: Offshore, Onshore 3) By End-Users: Crude Petroleum Comprises, Natural Gas Extraction Comprises

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

Oil and gas wells drilling services refer to the extensive set of procedures required to build circular wells using excavation techniques. Oil and gas wells drilling services comprise of new well construction, well reconstruction, well rehabilitation, well repair, installation of pitless equipment, and well plugging services. The main types of oil and gas wells drilling services are onshore drilling services and offshore drilling services. Onshore drilling entails driving a drilling rig deep into the earth to reach fossil fuels. Onshore drilling services include the construction of oil and gas wells for production, exploration, and appraisal, as well as other types of wells such as vertical, deviated, and horizontal wells. The various services offered include directional drilling, non-directional drilling and the machine parts used are rigs, pipes, bits, reamers and others. The oil and gas wells drilling services market research report is one of a series of new reports from The Business Research Company that provides oil and gas wells drilling services market statistics, including oil and gas wells drilling services industry global market size, regional shares, competitors with a oil and gas wells drilling services market share, detailed oil and gas wells drilling services market segments, market trends and opportunities, and any further data you may need to thrive in the oil and gas wells drilling services industry. This oil and gas wells drilling 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 oil and gas wells drilling services market grew from $136.86 billion in 2022 to $142.37 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 oil and gas wells drilling services market is expected to grow to $166.69 billion in 2027 at a CAGR of 4.0%. The rapid pace of innovation in oil and gas exploration and drilling technologies is boosting production volumes and reducing production costs. Technological advances are allowing oil and gas wells drilling companies to enhance oil and gas recovery rates and considerably reduce production costs. For instance, 3D seismic technology is being used to optimize exploration and drilling processes to enhance oil and gas production levels and cut down costs associated with exploration and drilling. Other areas of rapid technological advances in the oil and gas market include hydraulic fracturing and horizontal drilling. Thus, advancements and innovation in exploration and drilling technologies are expected to drive the oil and gas wells drilling services market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the oil and gas wells drilling services market in 2020 as fears over COVID-19 resulted in lower oil prices, exasperated by a price war when the members of the OPEC cartel were unable to agree on production cuts in February 2020, resulting in a decline in the dollar price of WTI Crude per barrel falling from around $50 to around $25. 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 oil and gas wells drilling 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. In addition, current oil prices are uneconomic for many operators and are likely to result in lower supply in the medium term, as operators cut activity or cease trading, resulting in an upturn in prices. Oil and gas wells drilling companies are adopting 3D visualization systems to reduce project cycle times and increase drilling accuracy.3D visualization system generates a 3D model of a wellbore and real-time drilling data to monitor and optimize drilling process. This system facilitates automatic diagnosis of drilling problems and improves and streamlines collaboration by allowing geoscientists and drilling engineers to virtually locate, see, and test drilling sites, resulting in significant cost savings of up to20% and reduction in non-productive drilling time by 20%. These systems are integrated with asset teams by means of software, thus facilitating precise and accurate placement of drill sites. For Instance, some of the major companies offering 3D visualization technology companies include eDrilling, Hexagon, Mechdyne, Landmark. Major companies in the oil and gas wells drilling services market include Baker Hughes Co, Schlumberger Ltd., Halliburton, China Oilfield Services Ltd., Transocean Ltd., Helmerich & Payne, Inc., Weatherford International plc, Nabors Industries Ltd., Valaris PLC, and Saipem. North America was the largest region in the oil and gas wells drilling services market in 2022. Middle East was the second largest region in the oil and gas wells drilling services market. The regions covered in the oil and gas wells drilling services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oil and gas wells drilling 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 and Vietnam. The oil and gas wells drilling services market includes revenues earned by entities by providing services concerning well construction, maintenance, and reconstruction. 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 oil and gas wells drilling services market is segmented - 1) By Type: Onshore Drilling Services, Offshore Drilling Services 2) By Service: Directional Drilling, Non-Directional Drilling 3) By Machine Parts: Rigs, Pipes, Bits, Reamers, Other Machine Parts