Press release
Rising Demand For Professional Services Automation Software To Drive Market Growth: A Key Factor Shaping the Future of the Professional Services Automation Software Market in 2025
Which drivers are expected to have the greatest impact on the over the professional services automation software market's growth?The anticipated growth of the professional services automation software market can be attributed to a surge in demand from various enterprises, notably small and medium-sized enterprises. The software proves beneficial across a plethora of businesses, especially small and medium ones, due to its capability to automate and simplify crucial business components such as allotting resources, time and expense tracking, and managing projects. The United States Small Business Administration, a government organization in the US, indicated in 2022 that there are 33.2 million small businesses across the country, accounting for 99.9 percent of all US businesses. Therefore, this surge in demand for professional services automation software from various enterprises like small and medium-sized enterprises acts as a key driver for the software market's growth.
Get Your Professional Services Automation Software Market Report Here:
https://www.thebusinessresearchcompany.com/report/professional-services-automation-software-global-market-report
What is the future CAGR of the professional services automation software market, and how will it impact industry expansion?
The market for professional services automation software has shown robust growth in the past few years. Its growth is projected to rise from $12.4 billion in 2024 to $13.56 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.4%. The substantial growth in the historical period is largely due to an intensified focus on efficiency and productivity, globalization, and dispersed workforces in the years before [current year-2]. Other factors contributing to the growth include the rise in complexity around project management, amplified demands for efficiency, and the need f0r integration with other systems.
The size of the professional services automation software market is likely to witness a fast-paced expansion over the next couple of years. It is projected to reach "$22.14 billion by 2029, growing at a compounded annual growth rate (CAGR) of 13.0%. This growth during the projection period is due to factors such as the emphasis on user experience and accessibility, heightened security concerns and compliance requirements, a renewed emphasis on cybersecurity, and customization specific to industries. Some of the key trends during this forecast period are integration capabilities, AI and automation, adoption of the cloud, accessibility via mobile, and enhanced data security and compliance.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10145&type=smp
What are the most significant trends transforming the professional services automation software market today?
Leading organizations in the professional services automation software market are prioritizing the creation of groundbreaking products like AI-driven timesheet automation. This innovation is vital for streamlining project management and improving the precision of billable hours tracking. AI-driven timesheet automation employs artificial intelligence to automatically monitor and document staff work hours, duties, and contributions to projects. It aids companies in managing resources effectively, minimizing administrative duties, and ensuring precise invoicing, therefore making time management processes more seamless and dependable. For instance, Deltek, an enterprise software enterprise based in the United States, introduced Replicon Time Tracking and Polaris PSA, specially designed for government contractors, in February 2024. These tools reinforce regulatory adherence and integrate effortlessly with existing ERP systems like Deltek Costpoint and SAP. They come with features including AI-driven timesheet automation, centralized project management, and enhanced resource allocation functionalities. These solutions are intended to simplify operations, perfect project delivery, and maintain compliance standards such as FAR and DCAA, thereby allowing contractors to concentrate on project implementation instead of administrative duties.
Which key market segments comprise the professional services automation software market and drive its revenue growth?
The professional services automation software market covered in this report is segmented -
1) By Type: Project Management, Project Accounting, Time And Expense Management, Project Analytics, Billing And Invoice Management, Resource Management, Contract Management, Opportunity And Lead Management, Other Types
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
4) By Application: Consulting Firms, Technology Companies, marketing and Communication Firms, Other Applications
Subsegments:
1) By Project Management: Task Scheduling, Milestone Tracking, Project Collaboration
2) By Project Accounting: Budget Management, Cost Tracking, Financial Forecasting
3) By Time And Expense Management: Timesheet Management, Expense Tracking, Expense Reimbursement
4) By Project Analytics: Performance Reporting, KPI Tracking, Data Visualization
5) By Billing And Invoice Management: Invoice Generation, Payment Processing, Billing Cycle Automation
6) By Resource Management: Resource Allocation, Capacity Planning, Skill Matching
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10145
What regions are at the forefront of professional services automation software market expansion?
North America was the largest region in the professional services automation Software market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global professional services automation market report during the forecast period. The regions covered in the professional services automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the professional services automation software market?
Major companies operating in the professional services automation software market include Autotask Corporation, Deltek Inc., FinancialForce.com Inc., Kimble Applications Ltd., Microsoft Corporation, NetSuite OpenAir Inc., Oracle Corporation, Planview Inc., BMC Software Inc., ConnectWise Inc., Clarizen Inc., Infor (US) Inc., Changepoint Corporation, Atlassian Corporation Plc, Mavenlink Inc., Upland Software Inc, Atera Inc., Compuware Corporation, Promys Inc., Projector PSA Inc., Tenrox Inc., Appirio Inc., Accelo Inc., HarmonyPSA Inc., Tigerpaw Software Inc., Workfront Inc., Replicon Inc., Wrike Inc., Celoxis Technologies Pvt. Ltd., Paymo Inc., Projectmates Software Pvt. Ltd., Hive Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10145&type=smp
What Is Covered In The Professional Services Automation Software Global Market Report?
• Market Size Forecast: Examine the professional services automation software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the professional services automation software market for a structured understanding.
• Key Players Overview: Analyze major players in the professional services automation software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the professional services automation software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the professional services automation software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the professional services automation software market.
• Industry Challenges: Identify potential risks and obstacles affecting the professional services automation software market.
• Competitive Landscape: Review strategic developments in the professional services automation software market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.
Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Demand For Professional Services Automation Software To Drive Market Growth: A Key Factor Shaping the Future of the Professional Services Automation Software Market in 2025 here
News-ID: 3893233 • Views: …
More Releases from The Business Research Company

Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…

Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…

Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…

Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Management
Gym Management Software Market By Functions - Scheduling Appointments, Waitlist …
MarketResearchReports.Biz announces addition of new report "Gym Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.
Gym management software is a software solution which allows the users to manage the different processes associated with running a gym in an efficient and effective manner. These software solutions are generally multifunctional and can manage all the diverse processes associated with managing a gym…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…