According to HTF Market Intelligence, the Professional Services Automation market to witness a CAGR of 15% during the forecast period (2024-2030). The Latest published a market study on Global Professional Services Automation Market provides an overview of the current market dynamics in the Global Professional Services Automation space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities.
Some of the players that are in coverage of the study are Deltek (United States), Autodesk (United States), Infor (United States), Oracle (United States), SAP (Germany), Microsoft (United States), IBM (United States), Kaseya (United States), Replicon (Canada), Toggl (Estonia), Unit4 (Netherlands), Mavenlink (United States), Smartsheet (United States), FinancialForce (United States), Rev.io (United States).
The global Professional Services Automation market size is expanding at robust growth of 15%, sizing up market trajectory from USD 10 Billion in 2024 to USD 25 Billion by 2030.
Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the industry. Know how Leaders in Global Professional Services Automation are keeping themselves one step forward with our latest survey analysis
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Definition
Professional services automation (PSA) software helps manage project delivery, resource allocation, and billing in professional services firms. Trends include increased adoption due to operational efficiency needs.
“In July 2023, Rev.io acquired Tigerpaw to enhance its managed services presence, integrating Tigerpaw’s comprehensive PSA system, which includes CRM, project management, invoicing, and inventory tracking, into its operations. In February 2024, Deltek introduced advanced time-tracking and PSA tools for government contractors, leveraging AI for accurate billing and payroll, with compliance libraries, robust time tracking, and secure AI-driven timesheet functionalities. In March 2022, Deltek launched Costpoint 8.1, enhancing project accounting and resource planning with automation and digitization, providing better tracking and visibility into project cost data throughout the project lifecycle.”
Basic Segmentation Details
Global Professional Services Automation Market Breakdown by Application (Project Management, Resource Management, Time Tracking, Billing and Invoicing, Client and Contract Management, Others) by Deployment (On-premises, Cloud-based) by End-User (Consulting Firms, Legal Services, IT and Software Services, Engineering Services, Marketing and Advertising Agencies, Healthcare Services, Financial Services, Others) by Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Professional Services Automation Market Driver
- Need for increased efficiency and productivity through automation of repetitive tasks.
- Complex project management requirements necessitating comprehensive tools.
Professional Services Automation Market Opportunity
- Integration of AI and machine learning for enhanced analytics and automation.
- Expansion into emerging markets with growing professional services sectors.
Professional Services Automation Market Restraints
- High implementation costs (software, customization, integration, training).
- Complicated and time-consuming integration with existing systems.
Major Highlights of the Professional Services Automation Market report released by HTF MI
Global Professional Services Automation Market Breakdown by Application (Project Management, Resource Management, Time Tracking, Billing and Invoicing, Client and Contract Management, Others) by Deployment (On-premises, Cloud-based) by End-User (Consulting Firms, Legal Services, IT and Software Services, Engineering Services, Marketing and Advertising Agencies, Healthcare Services, Financial Services, Others) by Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Professional Services Automation market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- To carefully analyze and forecast the size of the Professional Services Automation market by value and volume.
- To estimate the market shares of major segments of the Professional Services Automation
- To showcase the development of the Professional Services Automation market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Professional Services Automation market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Professional Services Automation
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Professional Services Automation market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Professional Services Automation Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Professional Services Automation market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Professional Services Automation Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Professional Services Automation Market Production by Region Professional Services Automation Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Professional Services Automation Market Report:
- Professional Services Automation Overview, Definition and Classification Market drivers and barriers
- Professional Services Automation Market Competition by Manufacturers
- Professional Services Automation Capacity, Production, Revenue (Value) by Region (2024-2030)
- Professional Services Automation Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Professional Services Automation Production, Revenue (Value), Price Trend by Type {On-premises, Cloud-based}
- Professional Services Automation Market Analysis by Application {Project Management, Resource Management, Time Tracking, Billing and Invoicing, Client and Contract Management, Others}
- Professional Services Automation Manufacturers Profiles/Analysis Professional Services Automation Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Professional Services Automation market for long-term investment?
- What are influencing factors driving the demand for Professional Services Automation near future?
- What is the impact analysis of various factors in the Global Professional Services Automation market growth?
- What are the recent trends in the regional market and how successful they are?
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