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2022 Professional Services Market Size, Growth, Trends and Industry Analysis Forecast Report by TBRC

09-03-2019 11:17 AM CET | IT, New Media & Software

Press release from: The Business research company

Global Professional Services Market

Global Professional Services Market

The global professional services market reached a value of nearly $5,700.2 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.4% since 2014.The global professional services market is expected to grow at a CAGR of 9.1% to nearly $8,082.4 billion by 2022.

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Major Competitors are Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young, KPMG and Accenture Plc.

Growth in the historic period resulted from globalization, technological developments, companies outsourcing back end operations to low cost economies and increased mergers and acquisitions (M&A). Factors that negatively affected growth in the historic period were regulatory challenges, government regulations, skilled workforce shortages and scandals in the accounting industry.

Going forward, faster economic growth, transitions in financial reporting standards and regulatory reforms will drive growth. Factors that could hinder the growth of this market in the future include increasing penetration of DIY design tools, skilled workforce shortages, rising costs and decreasing margins, and reductions in free trade.

The top opportunities in the professional services market will arise in the design, research, promotional and consulting services segment which will gain $1,810.1 billion of global annual sales by 2022, and in China, where the market will gain the most at $423.6 billion. Market-trend-based strategies for the professional services market include developing specializations to cater to demand from niche markets, using 3D printing technology in the design services industry for faster release of products at lower costs, opting for virtual firms to reduce operational costs, and collaborating with micro influencers for marketing campaigns. Player-adopted strategies in the professional services industry include investing in data and analytics technologies to innovate and expand offerings, expanding through mergers and acquisitions and targeting small and medium social enterprises.

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Table Of Contents:
1. Professional Services Market Executive Summary
2. Table of Contents
3. Report Structure
4. Introduction
5. Professional Services Market Characteristics
6. Professional Services Market Supply Chain
7. Professional Services Market Product/Service Analysis
8. Professional Services Market Customer Information
9. Professional Services Market Trends And Strategies
10. Professional Services Market, Porter’s Five Forces Model
11. PESTEL Analysis
12. Global Professional Services Market Size And Growth
13. Professional Services Market, Regional And Country Analysis
14. Professional Services Market Segmentation
15. Global Design, Research, Promotional And Consulting Services Market

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The Business Research Company
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London, England,
E14 8NE.
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Americas: +1 315 623 0293
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About the company:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

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