According to a new market research report ”Professional Services Automation Market by Solution (Project Management, Resource Management, and Opportunity and Lead Management), Service, Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, The PSA market size is expected to grow from USD 716.5 Million in 2017 to USD 1,244.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.
Growing need for enhanced mobility among service consultants, and for scalable and flexible PSA solutions is a major factor driving the growth of the PSA market. Moreover, the increasing adoption of PSA solutions by Small and Medium-sized Enterprises (SMEs) is expected to drive the PSA market.
Browse 67 Market Data Tables and 31 Figures spread through 135 Pages and in-depth TOC on "Professional Services Automation Market by Solution (Project Management, Resource Management, and Opportunity and Lead Management), Service, Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2022"
Major Key Players
The major vendors in the Professional Services Automation market include Autotask Corporation (US), Changepoint Corporation (US), FinancialForce (US), Microsoft (US), Atlassian (Australia), ConnectWise (US), Kimble Applications (UK), Mavenlink, Inc. (US), Oracle (US), SAP (Germany), Upland Software (US), Projector PSA (US), Project Open Business Solutions S.L (Spain), and Kaseya Limited (US).
The Asia-Pacific (APAC) market is expected to grow at the highest CAGR during the forecast period. The APAC region comprises key economies, such as China, India, Japan, Singapore, Malaysia, and Australia. The region is expected to have the highest adoption rate of PSA solutions, owing to the presence of a large number of SMEs which are inclined toward the adoption of cloud-based PSA solutions. The increase in adoption of cloud technologies and the presence of a broad customer base are driving the adoption of PSA across enterprises in APAC.
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The audit and accountancy vertical is expected to be the fastest growing vertical in terms of the adoption of PSA during the forecast period. The efficient management of finances is very crucial for any organization to run business successfully. PSA solutions facilitate audit and accountancy agencies, firms, accountants, and auditors to ensure consistent and quality services delivered to clients and to remain competitive in the global market. PSA solutions facilitate organizations to focus on financial success and stability.
The cloud deployment type is expected to grow at a higher CAGR during the forecast period. The cloud-based PSA solutions offer organizations with subscription-based pricing. Due to the easy deployment of cloud and its growing awareness of flexibility among organizations across all industries, its market size is expected to grow at a higher rate. Cloud-based PSA solutions empower organizations to meet the varied needs of customers and to reduce overall cost. Cloud-based solutions offer enterprises various advantages, such as disaster recovery, project monitoring, and economies of scale. PSA solutions can be easily integrated with the customer relationship management (CRM) system to facilitate organizations to share business data and process, in order to automate quote to cash operation.
The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. Organizations with less than 1,000 employees are categorized as SMEs. SMEs face specific challenges, such as the requirement of domain-specific technical personnel and skilled workforce, budget constraints, scalability, management control, and limited economies of scale. The increasing usage of cloud-based offerings among various organizations has led to the implementation of PSA solutions among SMEs as well. The deployment of PSA on the cloud has helped organizations reduce their expenditure on IT infrastructure and its maintenance, as cloud-based PSA solutions are less expensive than the on-premises solutions.
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Key Target Audience For Professional Services Automation Market
- Professional Services Automation vendors
- Project management solution providers
- Resource management solution providers
- Analytics vendors
- Project accounting solution providers
- Value-added resellers
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A new research study titled, “Professional Services Automation Market” has been added to the comprehensive repository of MarketsandMarkets™.According to a new market research report "Professional Services Automation Market by Solution (Project Management, Resource Management, and Opportunity and Lead Management), Service, Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, The Professional Services Automation Market size is expected to grow from USD 716.5 Million in 2017 to USD 1,244.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period.Growing need for enhanced mobility among service consultants, and for scalable and flexible PSA solutions is a major factor driving the growth of the Professional Services Automation Market.
Moreover, the increasing adoption of PSA solutions by Small and Medium-sized Enterprises (SMEs) is expected to drive the Professional Services Automation Market.
Browse in-depth TOC on "Professional Services Automation Market”67- Tables31- Figures 135- PagesAsk for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232788827The rapid adoption of Professional Services Automation solutions, owing to a strong and well-established economy is expected to make North America the largest regional market.North America consists of developed economies, such as the US and Canada.
The major growth drivers include increased cloud deployments and growing adoption of online service delivery.
Professional Services Automation solutions facilitate organizations to focus on financial success and stability.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=232788827The large enterprises segment is expected to gain a larger market share during the forecast period.Organizations with more than 1,000 employees are categorized as large enterprises.
They prefer implementing Professional Services Automation solutions that can assist them in maximizing resource utilization, thereby improving service delivery in a cost-efficient manner.The major vendors in the Professional Services Automation market include Autotask Corporation (US), Changepoint Corporation (US), FinancialForce (US), Microsoft (US), Atlassian (Australia), ConnectWise (US), Kimble Applications (UK), Mavenlink, Inc. (US), Oracle (US), SAP (Germany), Upland Software (US), Projector PSA (US), Project Open Business Solutions S.L (Spain), and Kaseya Limited (US).About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
MarketsandMarkets expects the PSA market to grow from USD 716.5 Million in 2017 to USD 1,244.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast periodDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232788827The audit and accountancy vertical is expected to grow at a higher CAGR during the forecast period.The vertical comprises organizations which are primarily involved in offering various services including audit, accountancy, designing accounting systems, tax returns, developing budgets, bookkeeping, payroll processing, and billing.
Management of finances efficiently is very crucial for any organization to run business successfully.
Professional Services Automation solutions facilitate audit and accountancy agencies, firms, accountants, and auditors to ensure consistent and quality services delivered to client in order to remain competitive in the global market.
Professional Services Automation solutions facilitate organizations to focus on financial success and stability.The large enterprises segment is expected to gain a larger market share during the forecast period.Organizations with more than 1,000 employees are categorized as large enterprises.
Professional Services Automation solutions offer a competitive edge to large enterprises in the global market.
They prefer implementing Professional Services Automation solutions that can assist them in maximizing resource utilization, thereby improving service delivery in a cost-efficient manner.The major vendors in the Professional Services Automation market include Autotask Corporation (US), Changepoint Corporation (US), FinancialForce (US), Microsoft (US), Atlassian (Australia), ConnectWise (US), Kimble Applications (UK), Mavenlink, Inc. (US), Oracle (US), SAP (Germany), Upland Software (US), Projector PSA (US), Project Open Business Solutions S.L (Spain), and Kaseya Limited (US).Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/professional-services-automation-market-232788827.htmlAbout MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
January 24, 2019: This report focuses on the global Professional Services Automation Software status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Professional Services Automation Software development in United States, Europe and China.In 2017, the global Professional Services Automation Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studySolarWinds MSPReplicondapulseWrikeSoftomotiveDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-professional-services-automation-software-market-size-status-and-forecast-2018-2025/request-sample SherpaDeskIntellectDataformaClearview SoftwareBase BuildersMindSaltConrepMarket segment by Type, the product can be split intoType IType IIClick Here For Complete Report @ https://www.radiantinsights.com/research/global-professional-services-automation-software-market-size-status-and-forecast-2018-2025 Market segment by Application, split intoPC TerminalMobile TerminalMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Professional Services Automation Software status, future forecast, growth opportunity, key market and key players.To present the Professional Services Automation Software development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Professional Services Automation Software are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.For More Information, Visit Radiant Insights Contact:Michelle ThorasCorporate Sales Specialist, USARadiant Insights, IncPhone: 1-415-349-0054Toll Free: 1-888-202-9519Email: [email protected] Blog URL: http://ictmarketforecasts.wordpress.com
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