Global Professional Services Market Report 2022 - Industry Trends, Share, Size, Growth, Opportunities And Forecasts
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The global professional services market report by the business research company identifies cloud-based accounting software is increasingly preferred by accounting firms to enhance the ability to access and edit financial data through the internet, enhance security associated with financial transactions and reduce costs to be a major growth driver for the Professional Services market. Cloud-based accounting software is an accounting software similar to the software as a service (SaaS) model, hosted on remote servers to allow users to perform functions off-site. The accounting data is sent to the cloud, processed, and then returned to the user. This process saves time with automation, creates secure collaboration of financial reports, provides real-time data, and accesses financial data from anywhere. This tool allows users to access accounts from any device (smartphone, laptop, and others) through the internet; secure the data from online and offline threats; and offer better alternative solutions at lower costs than conventional tools.
The global professional services market grew from $5,452.96 billion in 2021 to $5,964.79 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The professional services market is expected to grow to $7,446.69 billion in 2026 at a CAGR of 5.7%.
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North America was the largest region in the professional services market in 2021. Western Europe was the second largest region in the professional services market. The regions covered in the professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major companies in the professional services market include Deloitte Touche Tohmatsu Limited, PwC, Ernst & Young, KPMG, Total SA, PowerChina, WPP plc, Omnicom Group Inc., and Jacobs Engineering Group Inc.
The global professional services market is segmented -
1) By Type: Design, Research, Promotional And Consulting Services, Legal Services, Accounting Services, All Other Professional, Scientific, and Technical Services
2) By Service Provider: Large Enterprise, Small and Medium Enterprise
3) By Mode: Online, Offline
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The Professional Services Market Report Contents Include
1. Executive Summary
2. Professional Services Market Characteristics
3. Professional Services Market Trends And Strategies
4. Impact Of COVID-19 On Professional Services
5. Professional Services Market Size And Growth
....
26. Africa Professional Services Market
27. Professional Services Market Competitive Landscape And Company Profiles
28. Professional Services Pipeline Analysis
29. Key Mergers And Acquisitions In The Professional Services Market
30. Professional Services Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Professional 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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