Press release
Professional Service Automation Market Size | Revenue Estimation Industry Report is Worth $19.55 Billion By 2028, at a CAGR of 11.2%
The growing need to improve business efficiency and an increasing requirement for scalable and flexible solutions increase the demand for the product. The presence of stiff competition in the industry drives organizations towards PSA to gain knowledge about probable future events and make data-driven business decisions to gain an edge over competitors. The rising adoption of data analytics and cloud computing boosts the adoption of the product.
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Other factors driving the industry growth include the growing need for enhanced mobility, technological advancements, and the increasing adoption of cloud computing. New emerging markets and increasing adoption by small and medium-sized businesses would provide growth opportunities for the industry over the coming years.
North America is anticipated to hold the highest share in the global industry over the forecast period. The primary factors driving the region's PSA industry growth include the established telecommunication industry and cloud infrastructure, rising computerization of business processes, technological advancements, and high investment in R&D.
The major players operating in this industry include NetSuite OpenAir, Inc., Microsoft Corporation, Autotask Corporation, Appirio, Inc., Planview, Inc., Deltek, Inc., Projector PSA, Kimble Apps, SAP SE, and Compuware Corporation. These companies launch new products and collaborate with other industry leaders to innovate and launch new products to meet consumers' increasing needs and requirements.
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Polaris Market Research has segmented the professional service automation market report on the basis of deployment, organization, end-use, and region:
Professional Service Automation, Deployment Model Outlook (Revenue - USD Billion, 2016 - 2028)
• On-premise
• Cloud-based
Professional Service Automation, Organization Size Outlook (Revenue - USD Billion, 2016 - 2028)
• Large Enterprises
• Small & Medium Businesses
Professional Service Automation, End-Use Outlook (Revenue - USD Billion, 2016 - 2028)
• IT & Telecom
• BFSI
• Media & Entertainment
• Legal Services
• Audit & Accountancy
• Others
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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