The Professional Services Automation Software industry will achieve remarkable growth during the forecast period.
FORT COLLINS, Colo., April 5, 2024 (Globe Newswire) — The Professional Services Automation Software market size was valued at USD 11.4 billion in 2023 and is expected to grow at a CAGR of 10.1% to reach USD 26.9 billion by 2032.
The market share of professional services automation software is likely to grow as it can streamline complex tasks that employees encounter while working on projects. This software will prove invaluable to managers who automate repetitive tasks while making it easy to delegate and monitor various activities, allowing them to focus on other important responsibilities. Its implementation makes operations within the organization faster and more efficient, ensures standardized turnaround times for project implementation, and ultimately improves the quality of customer service.
From a marketing perspective, automation tools have proven productive for campaign success. For example, Webinar Care, a provider of services for entrepreneurs, reports that around 75% of businesses leverage marketing automation tools for social media and email marketing to generate high-quality leads. .
The growing importance of operational efficiency in professional services companies is expected to drive the demand for professional services automation software during the forecast period. With increasing competition, companies are increasingly prioritizing optimal resource utilization while ensuring timely project implementation. Professional services automation tools offer benefits such as enhanced staffing and collaboration, and streamlined timeline tracking and management.
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Segmentation overview:
The global Professional Services Automation Software market has been segmented into: Components, Deployment, Enterprise Size, Applications, and Regions. Based on deployment, the segmentation of the professional services automation software market includes cloud and on-premises. On-premises accounts for a significant share of the deployment segment of the professional services automation software market. Many companies choose on-premises services because projects involve sensitive and important client and project information that must be preserved.
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Highlights of the Professional Services Automation Software Market Report:
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Some of the prominent players in the Professional Services Automation Software market report include Microsoft Corporation, Oracle Corporation, Workday Inc., Atlassian Corporation, SAP SE, BMC Software Inc., Netsuite OpenAir Inc., ConnectWise Inc., Mavenlink Inc., Deltek Inc. ,
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Professional Services Automation Software Market Segmentation:
By component: solutions, services.
By deployment: cloud, on-premises
By company size: Large companies, small and medium enterprises
By application: Consulting companies, marketing & communications companies, technology companies, auditing & accounting companies, and more.
By region: North America, Latin America, Europe, Asia Pacific, Middle East and Africa.
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