Global Professional Services
Market Report
2025
The Global Professional Services market size was USD 6,103.24 billion in 2022 and is projected to boost at a compound annual growth rate (CAGR) of 5.17% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Professional Services market size was USD 6,103.24 billion in 2022 and is projected to boost at a compound annual growth rate (CAGR) of 5.17% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Professional Services Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.17% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Mode |
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Market Split by Service Provider |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Professional Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Professional services are nonphysical products or services that individuals or companies provide to customers to help them manage or improve a specific area of their businesses. An individual offering professional services may have expertise in a niche area, like digital marketing, and provide services to a business to improve its digital marketing efforts. This type of professional service may be freelance, contract, or private practice work. Two types of professional services organizations such as professional services revenue/profit charters and product/sales support charters.
Professional services are provided in various areas including financial services, engineering, architecture, legal services, creative and marketing services. In finance, services can be recognized as providing professional services, including accountants, financial advisers, and tax advisers. Engineers use science, mathematics, and technology to solve real-world problems. There are six major branches of engineering electrical, mechanical, civil, chemical, geotechnical, and management.
Artificial intelligence (AI) and machine learning (ML) technology are increasingly adopted in numerous enterprises across the world. As businesses focus on strengthening their digital infrastructure to assist remote employees and provide proper functioning amid the pandemic, numerous organizations began to believe that Al and ML-based cloud applications can help with data insights, large-scale data analytics, and automation of manual tasks. Enterprises operating in professional services are concentrating on artificial intelligence (AI) to maintain their position in the market. Al can assist professional service businesses to run more efficiently by increasing production, maintaining top people, controlling scope creep, and increasing profitability.
For instance, in April 2021, Deloitte, a UK-based organization that delivers industry-leading audit, consulting, tax, and advisory services, presented ReadyAl, a full portfolio of capabilities and services to assist firms in accelerating and scaling their artificial intelligence (AI) projects. It brings together skilled Al specialists and managed services in a flexible Al-as-a-service model developed to assist clients in scaling Al throughout their organizations.
(Source:www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/deloitte-announces-readyai.html)
The professional services market is anticipated to be driven by an increasing focus on digitizing business processes. The term 'digital transformation' represents the expanding trend of businesses executing digital technologies to improve general business operations and customer experience. It's the action that officially shows in the digital era in business, and it has the possibility to impact markets in different industries significantly.
For instance, as per Zippia, a US-based developer of online recruitment and job insights media, the global price of digital transformation was $1.5 trillion in 2021 and by 2023, it is expected that global spending on digital modification will total $6.8 trillion. Hence, the rising digitization of business operations will enhance the professional services market.
(Source:www.zippia.com/advice/digital-transformation-statistics/)
The expansion of automation to eliminate ordinary tasks and radical changes in consumer demand, such as customized pricing and improved customer experience, are pushing companies to implement IT services globally and the increasing demand for operational efficiency in the professional service enterprise.
Technological Advancements to Fuel Market Growth
The professional services market has revolutionized because of increased competition, and digitalization is pushing companies to entertain with professional service providers. IT professional service providers deliver a streamlined and standardized process to the organization's administrative processes, helping in the digital transformation of the institution's operations.
For instance, Amazon Web Services, Inc., in February 2022, declared AWS local zones and infrastructure deployment global development in 16 U.S. cities with approximately 30 new local zones. These infrastructure deployments will help AWS extend its computing, database, storage, and other services to a large population from numerous industries. These developments would also drive the industry's growth.
Professional service companies can deliver various services, including audit and accounting, consultation, implementation support, and financial risk protection. They deliver analytic capabilities as well as a foundation for operating business information.
Lack of knowledge and expertise to affect the utilization of professional services among companies Due to the complicated nature and the high demand for research, operating with the cloud is often a highly tedious task. It needs immense knowledge and comprehensive expertise on the topic.
According to the PwC CEO Survey 2020, 77% of CEOs were concerned regarding the availability of a skilled workforce. The survey also discovered that those firms that focused on developing their employees' skills were ahead of their peers in multiple ways and were more secure in their future.
(Source:www.pwc.com/gx/en/ceo-survey/2020/trends/pwc-talent-trends-2020.pdf)
Therefore, upskilling is required so that these professionals can easily handle cloud-based applications with fewer problems and ensure improved performance and reliability.
The COVID-19 pandemic tried the professional services industry by pushing them to execute remote work at a large scale and adjust their business processes to rapidly changing market conditions. COVID-19 accelerated numerous technological changes across industries, companies countered the pandemic with the use of technology by concentrating on resource management and talent acquisition. The rising focus of businesses on security, cost efficiency, and compliance created a demand for professional services.
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The market for professional services has a very active and diverse competitive environment. It comprises various professional service providers, from significant multinational corporations to smaller specialized organizations. Due to the rising focus on digitizing business processes, there is fierce competition among businesses to provide cutting-edge solutions and professional services.
April 2023: Google LLC launched the Google Cloud Consulting portfolio, which offers unified services that bring several specializations in one location. The portfolio includes services ranging from learning, technical account management, and professional services to client success. Users can access extensive information about the different services, including their utilization, to address specific business difficulties.
(Source:cloud.google.com/blog/products/gcp/introducing-google-cloud-consulting)
In June 2022: Hewlett Packard Enterprise introduced creations for the HPE GreenLake cloud platform to deliver robust cloud services to the data center at a nominal price. With these creations, HPE GreenLake cloud will help numerous critical applications such as high-performance computing (HPC), financial services, AI, and risk & data analytics in telecom infrastructure. With HPE, the firm will be able to attract potential business clients.
Top Companies Market Share in Professional Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022 and projected a share of more than 35% of the global revenue due to the increased adoption of enterprise resource planning and cloud services for data management. Furthermore, the integration of avant-garde technologies such as machine learning (ML) & artificial intelligence (AI) and new solution openings by market players are constructing positive traction for professional services solutions in the region.
According to Cognitive Market Research, governments concentrate on digitalizing their economic processes, which is expected to develop robust market opportunities for professional services automation software. For instance, the Government of Canada, in March 2022, launched Canada's digital adoption program with an investment of USD 4 billion to help small and medium-sized enterprises (SMEs) embrace digital technologies. Under this program, the SMEs will acquire a USD 2,400 microgrant to cover the expenses related to their e-commerce business, such as website development, social media advertising, and other automated web actions.
The region's demand for knowledge-based services is anticipated to increase exponentially in the legal & advisory, and accounting service industries, encouraging growth over the forecast period. Besides, developing economies such as China and India concentrate on IT development which will unfold multiple opportunities for professional services in the region. Furthermore, the region's numerous governments and effective corporations are driving the demand for digitalization. Countries like Australia, Singapore, China, and India are conducting this technology adoption, which adopts cutting-edge technologies like AI, IoT, edge, analytics, and cloud
The current report Scope analyzes Professional Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Professional Services Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Professional Services Industry growth. Professional Services market has been segmented with the help of its Type, Mode Service Provider, and others. Professional Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Professional Services market is typically segmented by Type, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Type allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Type of Professional Services analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Professional Services Industry. Request a Free Sample PDF!
The online is the professional services market's most popular offering as it is gaining popularity owing to various benefits, such as reduced technology infrastructure expenses, increased accessibility, and decreased overall implementation expenses. The expanding internet infrastructure is propelling the adoption of cloud-based solutions. Growing competition across numerous sectors is propelling enterprises to cut expenditures, creating a demand for low-cost solutions.
According to Cognitive Market Research, offline is the second-most popular service. Offline solutions deliver robust data security & privacy and are weak to digital threats, driving the segment growth. Moreover, these solutions can accomplish their work and deliver safe entrance to the data even if the internet association is interrupted due to its regional data storage system.
For instance, in January 2022, Syntax extended its collaboration with Oracle Corporation for Oracle cloud infrastructure and will allow Oracle to transform Oracle's E-Business Suite into cloud platforms. Both players will allow Oracle E-Business Suite consumers to expand or migrate their solutions on-premise with low prices and improved scalability.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, large enterprises drive the market due to their low operating expenses, enhanced customer experience, enhanced team collaboration, and lower workforce prices, these businesses are prominent users of IT professional services solutions. These companies sign long-term agreements with professional services automation software providers to decrease software costs and allow their employees to quickly become aware of professional services solutions.
For instance, Nividous Software Solutions, in March 2022, teamed with Damco Solutions to streamline different industries' core and non-core business processes utilizing intelligent automation processes.
Small & medium enterprise is the second-most service providers that use professional services. The SME sector is an undeveloped market and has become an area of emphasis for industry players. As per the World Bank, the SMB sector accounts for 95% of the current business. The availability of cloud-based IT professional services instruments at affordable expenses is expected to drive their demand in the SME sector. As the number of SMEs is growing, competition is also growing, which has resulted in a price reduction of the solution and profit erosion.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Professional Services Market is witnessing significant growth in the near future.
In 2023, the Accounting Services segment accounted for noticeable share of global Professional Services Market and is projected to experience significant growth in the near future.
The Online segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microsoft , SAP and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Accounting Services, Consulting, Legal Services, Marketing Services |
Mode | Online, Offline, Hybrid |
Service Provider | Large Enterprise, Small & Medium Enterprise |
End-User | Banking, Financial Services & Insurance, Building, Construction & Real Estate, Education, Energy & Utilities, Government, Healthcare & Life Sciences, IT & Telecommunication, Manufacturing, Media & Entertainment, Retail & Consumer Goods, Travel & Hospitality |
List of Competitors | Microsoft, Oracle, SAP, Salesforce, Wolters Kluwer, Intuit Inc, Aderant, Sage, IBM, Deloitte |
This chapter will help you gain GLOBAL Market Analysis of Professional Services. Further deep in this chapter, you will be able to review Global Professional Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Professional Services. Further deep in this chapter, you will be able to review North America Professional Services Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Professional Services. Further deep in this chapter, you will be able to review Europe Professional Services Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Professional Services. Further deep in this chapter, you will be able to review Asia Pacific Professional Services Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Professional Services. Further deep in this chapter, you will be able to review South America Professional Services Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Professional Services. Further deep in this chapter, you will be able to review Middle East Professional Services Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Professional Services. Further deep in this chapter, you will be able to review Middle East Professional Services Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Professional Services. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Mode Analysis 2021 - 2033
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Chapter 12 Market Split by Service Provider Analysis 2021 - 2033
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Chapter 13 Market Split by End-User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Professional Services market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Accounting Services have a significant impact on Professional Services market? |
What are the key factors affecting the Accounting Services and Consulting of Professional Services Market? |
What is the CAGR/Growth Rate of Online during the forecast period? |
By type, which segment accounted for largest share of the global Professional Services Market? |
Which region is expected to dominate the global Professional Services Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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