Professional Services Automation Software Market Size, Share Global Analysis Report, 2019 – 2026

Industry Insights

According to the report published by Facts & Factors, the global Professional Services Automation Software market size was worth around USD 894 million in 2019 and is predicted to grow around USD 1,995 million by 2026 with a compound annual growth rate (CAGR) of roughly 12.1% between 2020 and 2026. The report analyzes the global Professional Services Automation Software market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Professional Services Automation Software market.

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the professional services automation software market in our study.

The report encompasses the forecast as well as an analysis of the professional services automation software market on a global and regional level. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the professional services automation software market report. 

Key Insights from Primary Research

• As per our primary respondents, the global professional services automation software is set to grow annually at a rate of around 12%
• It was established through primary research that the professional services automation software market was valued at around USD 900 Million in 2019
• North America is presently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period
• The “solutions” category, on the basis of component segmentation, was the leading revenue-generating category accounting for around 75% share, in 2019
• On the basis of industry verticals segmentation, the “BFSI” industry segment held the leading share at more than 19%, in 2019

Key Recommendations from Analysts

• As per our analysts, the global professional services automation software market is in its nascent stage and the market is further expected to grow significantly over the forecast period.
• The strategic and competitive advantage provided by the deployment of automated professional services is anticipated to be the key factor driving this market globally
• Our team of analysts has identified, BFSI and IT & Telecom as the fastest growing industry verticals offering potential opportunities for the players operating in this market
• In recent years, cloud-based solutions are growing rapidly, and this type of solutions are replacing the on-premise type of solutions. The cloud-based solutions segment is expected to grow with a CAGR more than 12% in the forecast period.

Market Attractiveness – By End-User

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the professional services automation software market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the professional services automation software market.

The study provides a decisive view of the professional services automation software market by segmenting the wig market based on components, organization size, deployment types, and end-use industry verticals, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

All industries across the globe are investing heavily in various types of automation. Deployment of automation solutions in daily operations gives the companies an added advantage in terms of competitiveness and cost reductions. Thus, the market is anticipated to witness significant growth over the forecast period. However, factors such as initial investments for the automation of processes and presently less extent of customizations available in the solutions are expected to hinder the adoption of automation software.

The professional services automation software market is segmented based on component, organization size, deployment types, and end-use industry vertical. This software is used across the industry verticals and major industry verticals used for the analysis of the automation software in the report are Healthcare, BFSI, IT & Telecom, Media & Entertainment, Government, Legal Services, Construction, and Others.

On the basis of the component, the market is divided into two major components as solutions and services. Further, on the basis of organization size, the market is bifurcated into small and medium-sized organizations and large-sized organizations. Two major deployment types used for professional services automation software are cloud-based and on-premise.

Report Scope

Key players operating in the professional services automation software industry are

• Microsoft Corporation
• Oracle Corporation
• Deltek
• Inc. (Roper Technologies)
• Smartsheet Inc.
• Zoho Corporation
• SAP SE
• ChangePoint Corporation
• Autotask Corporation
• UiPath.

This report segments the professional services automation software market as follows:

By Components Segment Analysis

• Solutions
• Services

By Organization Size Segment Analysis

• Small and Medium-Sized Organizations
• Large Organizations

By Deployment Segment Analysis

• Cloud-Based
• On-Premise

By Industry Verticals Segment Analysis

• Healthcare
• BFSI
• IT & Telecom
• Media & Entertainment
• Government
• Legal Services
• Construction
• Others

Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis of the future market trends
• Comprehensive information about the leading market segments and regions
• Potential opportunities for the players in the market
• Business strategies by the major players operating in the global market
• Strategic developments made by the competitive players and in-depth analysis of its impact on market growth