Global professional services automation software market expected to reach around USD 1,576 million by 2024, at a CAGR approximately 11.87% from 2018 to 2024. The global professional services automation is gaining momentum as several business sectors are seeking to improve their business processes by moving from on-premises to cloud-based services.
The report analyzes and forecasts the professional services automation software market on the basis of solution, service, deployment type, vertical, and region. The study shows past data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The assessment of market dynamics gives a brief insight into the drivers and restraints for the professional services automation software market along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the professional services automation software market on a regional level.
The report gives a transparent view of the professional services automation software market. We have included a detailed competitive scenario and portfolio of prominent vendors operating in the global professional services automation software market. To understand the competitive landscape of professional services automation software market, an analysis of Porter’s Five Forces model for the market has also been included. The report offer market attractiveness analysis, wherein all the segments are benchmarked based on their general attractiveness, market size, and growth rate.
The study provides a crucial view of the professional services automation software market by segmenting the market based on solution, service, deployment type, vertical, and region. All the segments of professional services automation software market have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. By solution, the market is segmented into analytics, billing and invoice management, contract management, project accounting and management, timesheet and expense management, and others (resource management, opportunity management, contract management, and social and knowledge management). By service, the market is classified into consulting, integration and implementation, and training and support. The deployment type is divided into on-premises and cloud. The vertical segment comprises audit and accountancy, architecture, engineering and construction, banking, financial services & insurance (BFSI), government, healthcare and life sciences, information technology (IT), legal services, media and entertainment, and scientific research and development services. The regional segment includes North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), and the Middle East and Africa (Saudi Arabia, UAE, South Africa, and Rest of the Middle East and Africa).
Some prominent players of the professional services automation software market include Appirio, Inc., Autotask Corporation, ChangePoint Corporation, Clarizen, ConnectWise Inc., Compuware Corporation, Deltek, Inc., FinancialForce.com, Harmony PSA, Kimble Apps, Microsoft Corporation, NetSuite OpenAir, Oracle, Planview, Promys, Inc., Projector PSA, and Tenrox, among others.
This report segments the professional services automation software market into:
Global Professional Services Automation Software Market: By Solution
Global Professional Services Automation Software Market: By Deployment Type
Global Professional Services Automation Software Market: By Vertical
Global Professional Services Automation Software Market: By Region
List of Figures
1. Global Professional Services Automation Software Market Research Process
2. Global Professional Services Automation Software Market Research Methodology
3. Global Professional Services Automation Software Market revenue, 2015 – 2024 (USD Million)
4. Global Professional Services Automation Software Market: Market Attractiveness Analysis, by Solution
5. Global Professional Services Automation Software Market: Market Attractiveness Analysis, by Service
6. Global Professional Services Automation Software Market: Market Attractiveness Analysis, by Deployment Type
7. Global Professional Services Automation Software Market: Market Attractiveness Analysis, by Vertical
8. Global Professional Services Automation Software Market: Market Attractiveness Analysis, by Region
9. Company market share analysis
10. Global Professional Services Automation Software Market Revenue Share, by Solution, 2017 & 2024
11. Global Professional Services Automation Software Market: Solutions Overview
12. Global Professional Services Automation Software Market for Analytics, 2015 – 2024 (USD Million)
13. Global Professional Services Automation Software Market for Billing & Invoice Management, 2015 – 2024 (USD Million)
14. Global Professional Services Automation Software Market for Contract Management, 2015 – 2024 (USD Million)
15. Global Professional Services Automation Software Market for Project Accounting & Management, 2015 – 2024 (USD Million)
16. Global Professional Services Automation Software Market for Timesheet & Expense Management, 2015 – 2024 (USD Million)
17. Global Professional Services Automation Software Market for Others, 2015 – 2024 (USD Million)
18. Global Professional Services Automation Software Market Revenue Share, by Service, 2017 & 2024
19. Global Professional Services Automation Software Market: Services Overview
20. Global Professional Services Automation Software Market by Solution, 2015 – 2024 (USD Million)
21. Global Professional Services Automation Software Market for Consulting, 2015 – 2024 (USD Million)
22. Global Professional Services Automation Software Market for Integration & Implementation, 2015 – 2024 (USD Million)
23. Global Professional Services Automation Software Market for Training & Support, 2015 – 2024 (USD Million)
24. Global Professional Services Automation Software Market Revenue Share, by Deployment Type, 2017 & 2024
25. Global Professional Services Automation Software Market: Deployment Type Overview
26. Global On-Premises Professional Services Automation Software Market, 2015 – 2024 (USD Million)
27. Global Cloud-based Professional Services Automation Software Market, 2015 – 2024 (USD Million)
28. Global Professional Services Automation Software Market Revenue Share, by Vertical, 2017 & 2024
29. Global Professional Services Automation Software Market: Vertical Overview
30. Global Professional Services Automation Software Market for Audit & Accountancy, 2015 – 2024 (USD Million)
31. Global Professional Services Automation Software Market for Architecture, Engineering & Construction, 2015 – 2024 (USD Million)
32. Global Professional Services Automation Software Market for Banking, Financial Services & Insurance (BFSI), 2015 – 2024 (USD Million)
33. Global Professional Services Automation Software Market for Government, 2015 – 2024 (USD Million)
34. Global Professional Services Automation Software Market for Healthcare & Life sciences, 2015 – 2024 (USD Million)
35. Global Professional Services Automation Software Market for Information Technology (IT), 2015 – 2024 (USD Million)
36. Global Professional Services Automation Software Market for Legal Services, 2015 – 2024 (USD Million)
37. Global Professional Services Automation Software Market for Media & Entertainment, 2015 – 2024 (USD Million)
38. Global Professional Services Automation Software Market for Scientific Research & Development Services, 2015 – 2024 (USD Million)
39. Global Professional Services Automation Software Market Revenue Share, by Region, 2017 and 2024
40. Global Professional Services Automation Software Market: Regional Overview
41. North America Professional Services Automation Software Market, 2015 – 2024 (USD Million)
42. Europe Professional Services Automation Software Market, 2015 – 2024 (USD Million)
43. Asia Pacific Professional Services Automation Software Market, 2015 – 2024 (USD Million)
44. Latin America Professional Services Automation Software Market, 2015 – 2024 (USD Million)
45. The Middle East and Africa Professional Services Automation Software Market, 2015 – 2024 (USD Million)
List of Tables
1. Global Professional Services Automation Software Market: Market Snapshot
2. Drivers of Global Professional Services Automation Software Market: Impact Analysis
3. Restraints of Global Professional Services Automation Software Market: Impact Analysis
4. North America Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
5. North America Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
6. North America Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
7. North America Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
8. The U.S. Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
9. The U.S. Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
10. The U.S. Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
11. The U.S. Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
12. Canada Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
13. Canada Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
14. Canada Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
15. Canada Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
16. Mexico Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
17. Mexico Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
18. Mexico Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
19. Mexico Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
20. Europe Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
21. Europe Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
22. Europe Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
23. Europe Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
24. UK Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
25. UK Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
26. UK Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
27. UK Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
28. Germany Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
29. Germany Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
30. Germany Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
31. Germany Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
32. France Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
33. France Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
34. France Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
35. France Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
36. Russia Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
37. Russia Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
38. Russia Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
39. Russia Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
40. Rest of Europe Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
41. Rest of Europe Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
42. Rest of Europe Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
43. Rest of Europe Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
44. Asia Pacific Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
45. Asia Pacific Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
46. Asia Pacific Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
47. Asia Pacific Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
48. China Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
49. China Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
50. China Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
51. China Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
52. Japan Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
53. Japan Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
54. Japan Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
55. Japan Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
56. India Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
57. India Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
58. India Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
59. India Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
60. South Korea Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
61. South Korea Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
62. South Korea Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
63. South Korea Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
64. Rest of Asia Pacific Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
65. Rest of Asia Pacific Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
66. Rest of Asia Pacific Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
67. Rest of Asia Pacific Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
68. Latin America Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
69. Latin America Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
70. Latin America Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
71. Latin America Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
72. Brazil Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
73. Brazil Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
74. Brazil Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
75. Brazil Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
76. Argentina Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
77. Argentina Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
78. Argentina Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
79. Argentina Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
80. Rest of Latin America Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
81. Rest of Latin America Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
82. Rest of Latin America Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
83. Rest of Latin America Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
84. The Middle East and Africa Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
85. The Middle East and Africa Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
86. The Middle East and Africa Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
87. The Middle East and Africa Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
88. Saudi Arabia Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
89. Saudi Arabia Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
90. Saudi Arabia Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
91. Saudi Arabia Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
92. UAE Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
93. UAE Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
94. UAE Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
95. UAE Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
96. South Africa Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
97. South Africa Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
98. South Africa Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
99. South Africa Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
100. Rest of the Middle East and Africa Professional Services Automation Software Market Revenue, By Solution, 2015 – 2024 (USD Million)
101. Rest of the Middle East and Africa Professional Services Automation Software Market Revenue, by Service, 2015 – 2024 (USD Million)
102. Rest of the Middle East and Africa Professional Services Automation Software Market Revenue, By Deployment Type, 2015 – 2024 (USD Million)
103. Rest of the Middle East and Africa Professional Services Automation Software Market Revenue, By Vertical, 2015 – 2024 (USD Million)
Professional services automation software is designed to standardize business processes, deliver insights, reports, and control resources and projects.
The global professional services automation software market is driven by the growing need for solutions with an improved set of functionalities. Moreover, the rising demand to improve operational efficiency by various firms is estimated to boost this market’s growth. For instance, a recent survey conducted by Service Performance Insight (SPI) Research showed certain improvements with increased revenue and low cost in Key Performance Indicators (KPI). This includes lower revenue leakage and project cancellation rates, improved project margins, and under budget project delivery rates. The survey also included certain other remarkable improvements, such as faster staffing, invoicing workflows, and better resource utilization. These factors are anticipated to contribute significantly toward the professional services automation software market in the upcoming years. However, tough and competitive environment and lack of skilled professionals and experienced human resources might negatively impact this market. Nevertheless, the rapid rise in the popularity of professional service automation software is anticipated to create major growth avenues for the players operating in the professional services automation software market globally during the estimated timeframe.
The global professional services automation software market is segregated on the basis of the solution, service, deployment type, and vertical. By solution, the market is segmented into analytics, billing and invoice management, contract management, project accounting and management, timesheet and expense management, and others (resource management, opportunity management, contract management, and social and knowledge management). By service, the market is classified into consulting, integration and implementation, and training and support. The deployment type is divided into on-premises and cloud. The vertical segment comprises audit and accountancy, architecture, engineering and construction, banking, financial services, and insurance (BFSI), government, healthcare and life sciences, information technology (IT), legal services, media and entertainment, and scientific research and development services.
Regionally, North America is expected to hold a substantial share in the professional services automation software market globally owing to the presence of renowned market players in the region. The Asia Pacific region is anticipated to depict the highest rate of growth over the forecast period, due to the growing inclination of professional service automation tools among the small- and medium-sized enterprises and the prominence of Artificial Intelligence (AI) in the region.
Some prominent players of the professional services automation software market include Appirio, Inc., Autotask Corporation, ChangePoint Corporation, Clarizen, ConnectWise Inc., Compuware Corporation, Deltek, Inc., FinancialForce.com, Harmony PSA, Kimble Apps, Microsoft Corporation, NetSuite OpenAir, Oracle, Planview, Promys, Inc., Projector PSA, and Tenrox, among others.
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