The global professional service automation software market size
is estimated to reach $16,015.0 Million by 2025, at a CAGR of 11.7% according
to a new report by Grand View Research, Inc. PSA software is used for
standardizing business processes and providing reports, insights, and control
for resources and projects. The value of such systems is to enable critical
information to be analyzed and shared across organizations for more insightful
and timely decision-making. Rapid advancements in functionalities of the
solution are anticipated to boost growth.
Increasing needs to improve
operational efficiency among professional service firms are expected to propel
the market over the forecast period. The companies have been focusing on
optimally aligning resources while profitably delivering projects on time. PSA
tools offer benefits such as optimized staffing, improved collaboration, and
automated time and expense. Effective use of professional services automation
tools can help organizations improve productivity, operational efficiency,
financial margins, and billable utilization. PSA software improves project
management and resource management by increasing efficiency through increased
collaboration and personnel utilization, better planning, and integrated
knowledge management. The software also provides standardized reports, which
help management make key business decisions.
Small enterprises have been using
spreadsheets for various tasks such as resource and time management. However,
as businesses grow, complexity, need for automation, and the challenge of
maintaining business quality, throughput, and effectiveness will grow as well.
Small-sized businesses are untapped markets and increasing IT budgets of these
enterprises are expected to demand over the forecast period.
Browse full research report on Professional Service
Automation Software Market: https://www.grandviewresearch.com/industry-analysis/professional-services-automation-software-market
Further key findings from the report suggest:
- Cloud
technology is becoming popular among cost-sensitive customers and small
and medium enterprises. Increasing ubiquitous computing owing to
smartphone penetration and better internet infrastructure is expected to
drive the PSA mobile application over the next six years.Support for a
variety of mobile platforms such as Android and iOS has become a basic
requirement of the software
- Technology
companies held the largest market share of over 46% in 2018. However,
marketing and communication firms segment is anticipated expand at the
highest CAGR of 15.5% from 2019 to 2025
- North
America and Europe are expected to remain key regions in the global
Professional Service Automation (PSA) software market over the forecast
period
- Projector
PSA; ChangePoint; NetSuite OpenAir;Appirio, Inc.;Microsoft Corporation;
FinancialForce.com; ConnectWise; and Tenrox are some of the major players
- Other
key vendors include Compuware Corporation;Autotask Corporation; Panview;
Clarizen; Deltek, Inc.; and Oracle
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/professional-services-automation-software-market/request/rs1
Grand View Research has segmented the global PSA software
market on the basis of application, deployment, and region:
Professional Service Automation (PSA) Software Application Outlook
(Revenue, USD Million, 2014 - 2025)
- Consulting
Firms
- Technology
Companies
- Marketing
and Communication Firms
- Others
Professional Service Automation (PSA) Software Deployment Outlook
(Revenue, USD Million, 2014 - 2025)
- Cloud
- On-premise
Professional Service Automation (PSA) Software Regional Outlook
(Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- MEA
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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