The Professional Services Market Was Valued At More Than $5 Trillion In 2017
Added: (Tue Dec 11 2018)
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The Business Research Company’s global professional services market analysis covers the year-on-year growth of the global professional services market historic and forecast growth. It also includes chapters on the professional services market trends, geographical analysis, and competitive landscape.
THE GLOBAL PROFESSIONAL SERVICES MARKET SIZE WAS VALUED AT MORE THAN $5 TRILLION IN 2017
The global professional services market is forecast to grow at a CAGR (compound annual growth rate) of more than 5% by 2020.
According to TBRC’s global healthcare market research, the market is split by segments into Accounting Services, Legal Services, and Design, Research, Promotional And Consulting Services Segments.
Design, Research, Promotional And Consulting Services segment is classified as architectural, engineering and related service, specialized design service, management & environmental consulting services, scientific research and development service, advertising, public relations, and related service, market research and other design, research, promotional and consulting services, and photographic services. It is the largest segment with about
75% market share.
Accounting Services segment provides systematic and comprehensive recording of financial transactions pertaining to businesses.
Legal Services Industry- Companies advise clients (individuals or corporations) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought.
Design, research, promotional and consulting services was the largest segment in the professional services market. It had the highest CAGR (compound annual growth rate) of 5.50% during 2013-2017; this segment is expected to grow at the same CAGR during 2017-2021.
The global professional services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The top companies in the professional services industry included in the report are Deloitte LLP, Bechtel Corporation, Ernst & Young LLP, PwC LLP, and KPMG LLP.
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