openPR Logo
Press release

North America to lead the global service bureau market in terms of value share

11-15-2017 11:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Increasing usage of document scanning and photocopying services among small and large business enterprises boosting revenue growth of the global service bureau market

The global service bureau market is witnessing significant growth due to the emergence of customised IT and managed services across the globe. The worldwide IT service market is increasing significantly year on year. Worldwide spending on IT services is steadily increasing due to the rising adoption of supporting services across businesses owing to the implementation of software to reduce the time spent on managerial tasks.

The emergence of cloud computing is providing lucrative opportunities to key players operating in the global service bureau market. Cloud has become a very popular medium of delivery of value-added IT enabled business services. Customers and end-users access the IT service catalogue through self-service portals, using and paying for only those services they need.

Obtain Report Details @
https://www.futuremarketinsights.com/reports/service-bureau-market

IT organisations of enterprises are adopting cloud based models to ensure cost-efficient and effective business delivery. Service bureaus across the globe have started providing cloud based solutions to users such as scanning documents and providing access to the scanned files on cloud to enable users to access these files from anywhere.

The increasing usage of cloud given its inherent benefit of cost efficiency is creating opportunities for service bureau companies to implement cloud based services.

Of all the regional service bureau markets, North America is anticipated to be the largest, with an estimated market revenue to the tune of about US$ 33 Bn by the end of the forecast period in 2027. The North America service bureau market is estimated to witness a CAGR of 8.0% in terms of value during the forecast period.

An increasing digitalisation of documents across North America is the main factor driving regional market revenue growth. Western Europe is the second largest market with market revenue projected at around US$ 16 Bn by the end of 2027.

Request Sample Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-5509

The APEJ service bureau market stands at third place with an estimated revenue of about US$ 13 Bn by 2027 end. APEJ is a major market for service bureaus owing to the rapid adoption of such solutions for business automation processes across the region. The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this market is anticipated to expand at a CAGR of 7.1% during the forecast period.

service bureau market
Key developments trending the regional service bureau markets

Increasing trend of electronic record management in North America: Most of the companies in the U.S. and Canada are working towards the adoption of digital technologies to face stiff competition in the growing market. This has increased the need of supporting service providers who can help in converting documents into the electronic form and provide other daily needed services such as photocopying and scanning at a competitive pricing.

An increasing number of small and medium enterprises in Western Europe: With the increasing benefits provided by the government, many people have started their own businesses such as service bureaus in Western Europe. The setup cost for setting up service bureaus is less and requires less time and a limited budget, which is another factor due to which many people have started their own service bureau companies in this region.

The increasing cost of small services such as printing, scanning and other services has also enforced companies to take help from service bureaus to work for them. This is another reason why many service bureaus have been started in this region.

Increasing digitalisation across the APEJ: A large number of countries across the APEJ region are developing at a rapid pace owing to the rapid industrialisation across the region coupled with a mass digitalisation of business and allied processes. Countries such as India and China are undergoing digitalisation in all aspects of business.

Governments of these countries are introducing more technological applications in the daily routine operation. Normal people are also deploying more technology based applications in their daily routines. This factor is resulting in the rapid popularity and application of digital technologies across enterprises. This has increased the need of service bureaus for helping organisations in converting their documents into digital files in a speedy and cost-efficient manner.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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 North America to lead the global service bureau market in terms of value share here

News-ID: 817875 • Views:

More Releases from Future Market Insights

Global Anesthesia Equipment Market to Reach USD 18.2 Billion by 2035
Global Anesthesia Equipment Market to Reach USD 18.2 Billion by 2035
The Anesthesia Equipment Market is witnessing robust growth, with its value estimated at USD 9.3 billion in 2025 and projected to nearly double to USD 18.2 billion by 2035. This growth trajectory represents a compound annual growth rate of 7.0%, driven by increasing surgical volumes, rising prevalence of chronic respiratory and cardiovascular disorders, and ongoing expansion of healthcare infrastructure. The market is undergoing transformative change, as both established manufacturers and
Intravascular Ultrasound Systems Market to Reach USD 1455.7 Million by 2035
Intravascular Ultrasound Systems Market to Reach USD 1455.7 Million by 2035
The intravascular ultrasound (IVUS) systems market is on track to record consistent growth over the next decade. Valued at USD 893.7 million in 2025, the market is expected to expand to USD 1455.7 million by 2035, reflecting a compound annual growth rate of 5.0%. With cardiovascular disease remaining one of the leading causes of mortality globally, the demand for advanced intravascular imaging technologies is escalating. IVUS systems, which provide real-time
Electric Power Sports Market to Reach USD 18.5 Billion by 2035
Electric Power Sports Market to Reach USD 18.5 Billion by 2035
The global Electric Power Sports Market is on a fast track to transformation, as consumers, manufacturers, and policymakers align on one powerful goal: sustainable, high-performance recreational experiences. Valued at USD 10.3 billion in 2025, the market is projected to expand to USD 18.5 billion by 2035, reflecting a steady compound annual growth rate (CAGR) of 6.0%. This momentum is set to generate an absolute dollar opportunity of USD 8.2 billion over
Hair Straightener Market Forecast to Reach USD 12.4 Billion by 2035 as Innovation and Consumer Demand Drive Growth
Hair Straightener Market Forecast to Reach USD 12.4 Billion by 2035 as Innovatio …
The global hair straightener market is entering a transformative growth phase, as industry leaders and emerging brands alike innovate to meet rising consumer demand for advanced hair styling solutions. Valued at USD 7.1 billion in 2025, the market is projected to reach USD 12.4 billion by 2035, registering a compound annual growth rate (CAGR) of 5.7% over the forecast period. Between 2025 and 2030, the market is set to rise steadily

All 5 Releases


More Releases for APEJ

APEJ to Spearhead the Global Soy Protein Hydrolysate by 2026
The Global Dietary Supplements Industry Current Scenario and Outlook The unprecedented COVID-19 outbreak has brought significant challenges for various industries across the globe. Stringent restrictions on movement, production, supply of raw materials, and limited stocks have affected the growth of businesses to a great extent.However, with the roll out of the vaccination process in countries like the U.S., the U.K., China, India, and Germany, manufacturers are gaining momentum in terms of
Lacquer Market : APEJ to be the largest market through 2028
Global demand for lacquers is likely to reach roughly 7 million tons in 2018, as applications in furniture, automotive, and architectural industries create sustained growth opportunities. The shift from solvent-based to water-based lacquers will become more palpable in the next decade, as a combination of environmental compliance and end-user consciousness induces changes in manufacturing and uptake. The long-term outlook on lacquer market remains bullish, with novel applications in cosmetics likely
Dimethylolpropionic Acid (DMPA) Market: APEJ to Remain Largest Consuming
Future Market Insights (FMI) delivers key insights on the global dimethylolpropionic acid market in its upcoming report titled “Dimethylolpropionic Acid (DMPA) Market: Global Industry Analysis and Opportunity Assessment 2015–2020”. The global Dimethylolpropionic Acid (DMPA) market is projected to expand at a CAGR of over 8% during the forecast period (2015–2020), largely due to increasing demand for polyurethane dispersions, regarding which FMI offers vital insights in detail in this report. On the
Global Construction Polymer Manufacturing to Remain Concentred in the APEJ Regio …
Over the years, the global construction industry has emerged as the largest consumer of polymer composites. Surging use of polymer and polymer composite materials in the construction industry has been instrumented by the technical, structural, architectural, and designing advantages of construction polymers over conventional construction materials such as dust, sand and concrete. Future Market Insights’ new report reveals that by the end of 2026, over US$ 135 Mn worth of
APEJ Automotive Aftermarket to hit US$ 218.73 Bn by 2025
Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. The automotive aftermarket is a secondary market, which plays a
APEJ Automotive Aftermarket Poised to hit US$ 218.73 Bn by 2025
Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. The automotive aftermarket is a secondary market, which plays a