Services Market To Grow At A Higher Rate Due To Emphasis On Cost Cutting

The Business Research Company’s global services market, covers the year-on-year growth of the global services historic and forecast growth. It also includes chapters on the services’s trends, geographical analysis, and competitive landscape.

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The global services market is forecast to grow at a CAGR (compound annual growth rate) of around 6.5 % to 2022.

Services Trends

Predictive and descriptive analytics, crowdfunding platforms to raise funds and artificial intelligence in customer support are improving construction safety are the major trends witnessed in the global services market.

Technology is expected to be a continued driver of market growth during this period. Areas of particular development are likely to be transport, wearable technologies, robotics, and networking. Industries such as this one will benefit from the greater efficiencies offered by these technologies in cutting costs and increasing margins, thereby driving the market in the forecast period.

The global services is primarily driven by increase in technology and economic growth

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The global services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of emphasis on cost cutting and demographic shift the global services is expected to increase in potential and scope. TBRC’s report also covers the global services market report drivers and restraints in the market.

The global services market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global services report are CBRE Group, Southern Baptist Churches, Jones Lang LaSalle Inc., World Food Programme, UNICEF.

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