Facts and Factors TEMPhas authored “Professional Services Automation Software Market By Component (Solutions and Services), By Organization Size (Small and Medium Enterprise and Large Enterprises) By Deployment Type (Cloud and On-premise), and By Industry Vertical (Healthcare, BFSI, IT & Telecom, Media & Entertainment, Government, Legal Services, Construction, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, teh global professional services automation software market in 2019 is approximately USD 894 Million and is anticipated to reach around USD 1,995 Million by 2026. Teh anticipated CAGR for teh professional services automation software market is around 12.1% from 2020 to 2026.
Professional services automation is a software intended to support professionals such as auditors, IT consultants, and lawyers with resource management and project management for utilization rate management and client projects for billable staff. The software also offers various other functions such as invoicing, time tracking, business intelligence, collaboration tools and resource planning, which is used by several project teams. This is done by developing metrics to qualify and quantify business processes which can tan be used to improve and streamline these processes.
The growing trend of automation and reduction in the overall operations costs is the major factor driving the demand for the deployment of professional services automation software. The adoption of automation software is expected to provide competitive advantages such as shorter lead times, quicker deliveries, and improved implementation of safety standards.
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However, robust market environments and complications in the proper implementation of the services automation software in the first stage are the major factors hindering the adoption of it. Lack of product information in the market is also considered one of the factors hindering the market growth. Moreover, in the last few years, the popularity of the automation software is increasing creating new potential opportunities for the players in the market space.
Teh global professional services automation software market is segmented on teh basis of component, organization size, deployment types, and end-use industry vertical. On teh basis of teh component, teh market is divided into two major components as solutions and services. Further, on teh basis of organization size, teh market is bifurcated into small and medium-sized organizations and large-sized organizations. Furthermore, cloud-based deployment and on-premise deployment are teh two types of deployment modes used for teh deployment of professional services automation software.
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In teh last few years, cloud-based deployments have surged multiple times. These software are used across teh industry verticals and major industry verticals used for teh analysis of teh automation software in teh report are Healthcare, BFSI, IT & Telecom, Media & Entertainment, Government, Legal Services, Construction, and Others.
The global professional services automation software market is analyzed into the following regions namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are the two leading regional segments generating the major chunk of the market revenue. These regions are further analyzed into the major countries from the regions respectively. Major countries analyzed in this research report are the U.S., Canada, Mexico, UK, Germany, France, China, Japan , India, South Korea, Brazil, and Argentina among others.
Some of the major players analyzed and profiled in the market study are Microsoft Corporation, Oracle Corporation, Deltek, Inc. (Roper Technologies), Smartsheet Inc., Zoho Corporation, SAP SE, ChangePoint Corporation, Autotask Corporation, and UiPath among others.
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dis report segments teh professional services automation software market as follows:
Global Professional Services Automation Software Market: By Components Segment Analysis
Global Professional Services Automation Software Market: By Organization Size Segment Analysis
- Small and Medium-Sized Organization
- Large Organizations
Global Professional Services Automation Software Market: By Deployment Segment Analysis
Global Professional Services Automation Software Market: By Industry Verticals Segment Analysis
- IT & Telecom
- Media & Entertainment
- Legal Services
Global Professional Services Automation Software Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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