Professional service automation (PSA) systems are software that is designed to assist professional services companies to optimize efficiency, streamline different operations, and attain higher profitability and productivity. These systems comprise complete business solutions and consist of various capabilities.
Adroit Market Research study on the global market for Professional Services Automation offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
The PSA software primarily includes automated time & billing, project management, and resource management capabilities. These systems provide powerful and consistent reports along with dashboards management, helping the organizations to make informed decisions. It further offers multiple benefits such as project effectiveness, enhanced forecasting capability, better customer satisfaction, and minimzed revenue leakage. The several benefits offered by Professional Services Automation software are anticipated to surge the demand among service companies in the coming years.
The SME segment is witnessing a significant growth rate in the terms of organization size for the Professional Services Automation market, owing to its cost-effective advantages. The cloud solutions across SMEs minimize expenditure on IT infrastructure and maintenance. In addition, the rising emergence of small vendors in the market is further helping SMEs to deploy services at a lower cost. The various benefits including real-time monitoring capabilities, scalability, reliability, mobility, easy integration, cost-effectiveness, increased efficiency user-friendliness, and increased agility are the prime factors driving the industry growth.
Asia Pacific region is anticipated to witness a substantial growth rate over the forecast period. The ongoing growth across advancement in new technologies such as cloud and IoT is primarily driving the Professional Services Automation adoption in the region. In addition, the surge in the adoption of the services across SMEs in the region is further anticipated to boost the regional market for Professional Services Automation.
The key players of the global Professional Services Automation market report include- Microsoft Corporation, Autotask Corporation, Planview, Inc., NetSuite OpenAir, Inc., Projector PSA, Deltek, Inc., Kimble Apps, SAP SE, Appirio, Inc., Compuware Corporation, and Infor Inc.
Key Segments of the Global Professional Services Automation Market
Component Overview, 2018-2028 (USD Million)
Organization Size Overview, 2018-2028 (USD Million)
- Large Enterprisess
End-Use Overview 2018-2028 (USD Million)
- Media & Entertainment
- Telecom & IT
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America