Professional Services Market Anticipated to Grow at a CAGR of 40% by 2020

    Professional Services

    Global Professional Services Market: Size, Trends & Forecasts (2017-2021) provides an in-depth analysis of the US appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Canada addressable appraisal market opportunity.

    On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

    This report provides a detailed analysis of the Professional Services market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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    Essential points covered in Global Professional Services Market 2017 Research are:-

    • What will the market size and the growth rate be in 2021?
    • What are the key factors driving the global Professional Services market?
    • What are the key market trends impacting the growth of the global Professional Services market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Professional Services market?
    • What are the market opportunities and threats faced by the vendors in the global Professional Services market?
    • What are the key outcomes of the five forces analysis of the global Professional Services market?

    This independent 300 pages report guarantees you will remain better informed than your competition. With over 175 tables and figures examining the Professional Services market, the report gives you a visual, one-stop breakdown of the leading products, sub market and market leader’s market revenue forecasts as well as analysis to 2021.

    Furthermore, the report provides a detailed analysis of the global Professional Services market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the global Professional Services market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

    Professional service is a broad market which comprises varied occupations which provide support to businesses of all sizes and in all industries. The business entities which are engaged in providing professional services are generally referred to as professional service organizations (PSOs) or professional service firms (PSFs).

    The USA was the largest market in the professional services industry in 2015, accounting for around 40% of the market, worth about $1100 billion in 2016. This was mainly due to the presence of large number commercial establishments seeking accounting, legal, and management consulting, advertising and other professional services. The UK was the second largest market, accounting for 10% of the market worth about $300 billion. China was the third largest market, accounting for around $250 billion or 10% of the market. Spain was the lowest of the featured countries in the professional services market accounting for 2%. Other countries together represented 24.9% of the global market.

    Virtual Firms In The Professional Industry
    Rapid technology change in the recent years, together with increased pressure to reduce costs and increased use of smart phones, is likely to push the concept of virtual firms in the professional services industry during the forecast period. More professional firms will go virtual with few if any permanent offices. By having few permanent offices, their IT infrastructure in the cloud and the use of freelance and contract employees will help professional firms considerably reduce their costs and increase revenues.
    Products Mentioned in the report (If applicable) –
    General Professional Services, Legal Services, Accounting Services
    Companies Mentioned in the report (If applicable)
    PwC, Deloitte, Bechtel, EY, KPMG, WPP , Publicis Groupe , Omnicom Group , McKinsey , AECOM

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    The Professional Services market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, global economic downturn, high probability of terror attack, etc. The global Professional Services market is expected to grow at a healthy rate during the forecast period (2017-2021). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

    However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the global Professional Services market.

    The report provides a basic overview of the Professional Services industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

    Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Professional Services industry development trends and marketing channels are analyzed.

    The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Professional Services on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Professional Services Market and assist manufacturers and investment organization to better grasp the development course of Professional Services Market.

    The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.


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