Press release
Professional Services Market: Steady Growth, Key Industry Players, and Future Trends
Professional Services Market Size
What Is The Projected Market Size Of The Global Professional Services Market And Its Growth Rate?
• The professional services market size will grow from $6104.29 billion in 2024 to $6398.1 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%.
• The growth upto 2025 can be attributed to rising government support, global collaboration for environmental protection, strong economic growth in emerging markets, and growing legal tech industry.
• The professional services market size is expected to see strong growth in the next few years, expanding to $7972.56 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%.
• The projected growth could be due to the rising focus on digitizing business processes and sustainable development, thereby driving the market growth.
What Is Driving The Growth In The Professional Services Market?
The professional services market growth is aided by the stable economic growth forecasted in many developed and developing countries. For instance, in September 2023, the Conference Board, a US-based non-profit organization, projected the real GDP to increase by 2.9 percent globally in 2023. Another report published in June 2023, by the Organization for Economic Co-operation and Development, forecasted global GDP growth in 2023 to be 2.7%. The OECD's Interim Report in September 2023 also projects that the global economy will expand by 3.0% in 2023. Stable economic growth leads to an increase in investments in end-user markets, which drives the market during the forecast period.
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Who Are the Key Players Driving Professional Services Market Growth?
• Deloitte Touche Tohmatsu Limited
• PwC
• Ernst & Young
• KPMG
• accenture*
• Mazars
• Omnicom Group Inc
• Slalom
• Ruihua CPA
• Business Connexion
• Enviro Analysts & Engineers Private Limited
• International Gulf Engineering Consultancy Bureau LLC
• Yingke Law Firm
• Interpublic Group
• AlmapBBDO
• Carat France
• AECOM
• Tata Consultancy Services
• Kesarev Consulting
• Boston Consulting Group
• FCB Ulka
• Bain & Company
• WMcCann
• Beijing Dentsu Advertising Co Ltd
• A.T. Kearney
• CMS
• Nehlsen Middle East Environmental Consultancy
• BBDO
• Jacobs Engineering Group, Inc.
• Crowe
• Akin Gump Strauss Hauer & Field LLP
• Allen & Overy
• DeHeng Law Offices
• Picco Accounting
• McKinsey & Company
• AMEC Foster Wheeler
• BlueFocus Communication Group Co. Ltd
• FinExpertiza
• Lince Consulting
• Moscow Consulting Group
• Dentons
• WPP plc
• Serviceplan
• Cooley
• Edge Evolve
• BDO
• Swan Environmental Private Limited
• Baker Tilly
• Baker & McKenzie
• Aon Consulting
• Alvarez & Marsal
• Charles Ghadban Accounting
• Publicis Groupe
• Roland Berger Strategy Consultants
• Kimley-Horn
• Zhong Tian CPA
• Huayong CPA
• Oliver Wyman and Strategy
• Dentsu
• Cleary Gottlieb Steen & Hamilton LLP
• Africa International Advisors
What Are The Key Trends In The Professional Services Market?
• Employing alternative legal service providers.
• Use of artificial intelligence (ai).
• Adoption of cloud technology.
• Implementing blockchain technology.
• Focus on mergers and acquisitions to improve product offerings and stay competitive in the market.
What Are The Segments Of The Global Professional Services Market?
• By Type: Design, Research, Promotional And Consulting Services, Legal Services, Accounting Services, All Other Professional, Scientific, Technical Services
• By Mode: Online, Offline, Hybrid
• By Service Provider: Large Enterprise, Small And Medium Enterprise
Which Region Leads The Professional Services Market?
North America was the largest region in the professional services market in 2024. Western Europe takes the second-largest spot in the professional services market. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Professional Services Market Global Market Report?
- Market Size Analysis: Analyze the Professional Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Professional Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Professional Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Professional Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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