Global Professional Services Market Size, Forecasts, And Opportunities
Learn about the global professional services market through The Business Research Company, which provides information on professional services market size, professional services market drivers and restraints, professional services market players, the COVID-19 impact on the professional services market, and more.
The global professional services market is expected to grow from $5028.4 billion in 2020 to $5428.5 billion in 2021 at a compound annual growth rate (CAGR) of 7.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7063.7 billion in 2025 at a CAGR of 7%.
Faster Economic Growth – The professional services market growth is aided by stable economic growth forecasted in many developed and developing countries.
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The professional services market consists of the sales of professional services and related goods by entities (organizations, sole traders and partnerships) that offer services and provide support to businesses of all sizes, in all industries, and to individuals and institutions, in processes where human capital is the major input. Professional services establishments make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.
Global Professional Services Market Segments Include:
By Type: Design, Research, Promotional And Consulting Services, Legal Services, Accounting Services, All Other Professional, Scientific, and Technical Services
Subsegments Covered: Photographic Services, Market Research Services, Advertising, Public Relations And Related Services, Scientific Research And Development Services, Environmental Consulting Services, Management Consulting Services, Specialized Design Services, Architectural, Engineering Consultants And Related Services, B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Law Practices, Payroll Services, Tax Preparation Services, Bookkeeping, Financial Auditing And Other Accounting Services, Translation Services, Other Professional, Scientific, And Technical Services
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global professional services market, accounting for 36% of the market in 2020.
TBRC’s professional services market report covers:
Major Market Players: Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young, KPMG, Accenture Plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Professional Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides professional services market overviews, analyses and forecasts market size, share, professional services market players, professional services market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s professional services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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