Recent study on Professional Services Market 2019 Industry with CAGR of 2.90%, To Reach USD 6,215.21 billion and Forecast by 2025 | Key Players SAP SE, Wolters Kluwer, Deloitte, Oracle, Accenture

The global professional services market was estimated to be valued at USD 6,215.21 billion in 2018 and is projected to reach USD XX billion by 2025, at a CAGR of 2.90% during 2018 to 2025. Due to rapid technology developments and growing trend of digitization, numerous industries and business models are in the line of harm. Thus, there is a need to enhance business models, replacing old distribution channels, and moreover, changing the way people and businesses network with each other.

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The key players profiled in the market include: SAP SE, KPMG International, McKinsey & Company, Deltek, Inc., Wolters Kluwer, IBM Corporation, Deloitte, Ernst & Young LLP, Microsoft, Oracle, Accenture, PwC

Key Benefits of the Report:
• Global, regional, country, type and application market size and their forecast from 2014-2025
• Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
• Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PEST analysis, and Value Chain, to better understand the market and build expansion strategies
• Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
• Analysis on Key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
• Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
• Detailed insights on emerging regions, type and application with qualitative and quantitative information and facts
• Identification of the key patents filed in the field of Professional Services.

Target Audience:
• Professional Services Providers
• Research and Consulting Firms
• Government and Research Organizations
• Associations and Industry Bodies.

Global Professional Services Industry 2019 Market Research Report is spread across 121 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.

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Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
• Manufacturers
• Suppliers
• Distributors
• Government Body & Associations
• Research Institutes.

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The demand for professional services is the largest from North America. Rapid technology adoption, presence of large enterprises, and high investments in technology are some of the major factors contributing to the growing demand for professional services in North America, especially in the United States. However, with economies blooming in Asia Pacific, vendors of professional services are combining deep industry knowledge with functional business and technical skills.

The growth of businesses and industries across all regions of Asia Pacific has driven up the demand for professional services for improving efficiency, with expert consultancy for operational and IT transformations in the new digital landscape.

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