Commercial Services Market Report | Industry Scope, Demand And SWOT Analysis 2023
The commercial services market consists of the sales of commercial services by entities (organizations, sole traders and partnerships) that perform support activities for the day-to-day operations of other businesses or organizations. Examples include office facilities management services, travel arrangement services.
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The global commercial services market is expected to grow from $4502.9 billion in 2019 to $4556.8 billion in 2020 at a compound annual growth rate (CAGR) of 1.2%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $5684.4 billion in 2023.
Automated systems generate and send electronic copies of the invoices directly to customers. Automated billing systems enable tracking of unpaid bills, automate payment reminders and recurring invoices, manage discounts and coupons, and creation of customized invoices. These systems also generate real time reports on sales, orders, budgets that help track business performance. Many software as a service providers are offering CRM applications which offer solutions for billing, sales and other functions in an organization.
Commercial Services Market Segmentation:
1. Office Administrative Services
2. Facilities Support Services
3. Employment Services
4. Business Support Services
5. Travel Arrangement And Reservation Services
6. Waste Management And Remediation Services
7. Investigation And Security Services
8. Services to Buildings And Dwellings
9. Other Support Services
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Commercial Services Market Characteristics
4. Commercial Services Market Product Analysis
5. Commercial Services Market Supply Chain
20. Commercial Services Market Competitive Landscape
21. Key Mergers And Acquisitions In The Commercial Services Market
22. Market Background: Services Market
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the commercial services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the commercial services market are Adecco Group, Randstad Holding, Manpower Inc, Waste Management Inc, Iss A/S.
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