Press release
Commercial Services Market: Roaring Growth Amid Corporate Expansion and Technological Trends
Commercial Services Market Industry
Surge in Market Size, CAGR, Urbanization, and Digitalization Distinctly Mark the Commercial Services Landscape
What Is The Projected Market Size Of The Global Commercial Services Market And Its Growth Rate?
• The commercial services market will escalate from $6013.28 billion in 2024 to $6606.02 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 9.9%.
• Growth in the past years is linked with corporate expansion, economic development, globalization, regulatory modifications, and shifting consumer behavior.
• The market size is projected to witness robust growth in the upcoming years, reaching $9441.64 billion in 2029 at a CAGR of 9.3%.
• Growth in the forecast period can be attributed to elements such as the boom in e-commerce, sustainable practices, cybersecurity concerns, flexible workspace solutions, and corporate social responsibility.
What Is Driving The Growth In The Commercial Services Market?
The growth in the commercial services market is being predominantly driven by increasing urbanization opening avenues to improved living standards and job prospects. This urban migration necessitates the creation of more job opportunities and boosts disposable income. With cities providing a greater number of quality jobs, a surge in the demand for commercial services companies can be observed. For instance, according to the United States Census Bureau, 65.1% of the 384 metropolitan areas in the U.S. observed population increases between 2021 and 2022. The escalating urban populace is, therefore, a fundamental driver behind the commercial services market's growth.
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Who Are the Key Players Driving Commercial Services Market Growth?
The growth of the commercial services market is propelled by key players such as:
• Accentur*e plc
• Veolia Environment SA.
• Recruit Holdings Co.Ltd.
• Randstad Holding NV
• CBRE Group
• Visa lnc.
• Adecco Group
• Mastercard Inc.
• Jones Lang LaSalle Incorporated
• ManpowerGroup Inc.
• Waste Management Inc.
• TUI Group
• WPP plc
• Omnicom Group
• Publicis Groupe
• Dentsu Group
• S&P Global Inc.
• Interpublic Group of Companies lnc.
• Cushman & Wakefield plc
• Securitas AB
• Teleperformance SE
• Equinix Inc.
• Experian plc
• Equifax Inc.
• Colliers International Group
• TransUnion
• Savills plc
• Nielsen Holdings plc
• Knight Frank Pvt. Ltd.
• Travel Leaders Group
• BCD Travel India Pvt. Ltd.
• First Data India Pvt Ltd.
What Are The Key Trends In The Commercial Services Market?
Key trends in the forecast period include:
• Subscription-based models for services
• Digital transformation consulting service
• Flexible work solutions
• Data analytics and business intelligence
• AI-powered customer support
• E-learning and training services.
What Are The Segments Of The Global Commercial Services Market?
The commercial services market is predominantly segmented by:
• Type: Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services To Buildings And Dwellings, Other Support Services
• Mode: Online, Offline
• Service Type: Hard Services, Soft Services, Other Services
Which Region Leads The Commercial Services Market?
Asia-Pacific stands as the largest region in the commercial services market in 2024, closely followed by Western Europe. The accounted regions in the commercial services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Commercial Services Market Global Market Report?
• Market Size Analysis: Analyze the Commercial Services Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Commercial 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 Commercial Services Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Commercial Services Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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