Professional Services Automation is used for standardizing business processes and providing reports, insights, and control for resources and projects. The value of such systems is to enable critical information to be analyzed and shared across organizations for more insightful and timely decision-making. These systems are complete business solutions and include a variety of capabilities, including project management, billing, invoice management, time tracking, expense management, and resource allocation.
MARKET SCOPE
The "Global Professional Services Automation Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the professional services automation market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading professional services automation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global professional services automation market is segmented into solutions, services
- On the basis of deployment, the market is segmented into on-premises, cloud
- Based on organization size, the market is bifurcated into small and medium-sized enterprises (smes), large enterprises
- Based on vertical, the market is bifurcated into information technology (IT), TELECOM, architecture engineering and construction, bsfi, legal services, media and entertainment, healthcare and life sciences, government,audit and accountancy, others
MARKET DYNAMICS
Drivers:
- Rise in the need for enhanced mobility among service consultants.
- Growing trend of automation and reduction in the overall cost.
- Growing need for scalable and flexible professional services automation solutions.
Restraints
- Security concerns related to cloud-based professional services automation solutions
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The professional services automation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the professional services automation market in these regions.
IMPACT OF COVID-19 ON PROFESSIONAL SERVICES AUTOMATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the professional services automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from professional services automation market are anticipated to lucrative growth opportunities in the future with the rising demand for vinegar in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the professional services automation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Changepoint Corporation
- ConnectWise, LLC
- FinancialForce
- Kimble Applications Limited
- MAVENLINK, INC.
- Microsoft
- Project Open Business Solutions S.L.
- Projector PSA, Inc
- SAP SE
- Upland Software, Inc.
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.