Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • War Day 323: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 323: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Top SOP Companies in the Middle East
    Top SOP Companies in the Middle East Business
  • SurveySlack Launches New Survey Platform to Maximize User Engagement and Feedback
    SurveySlack Launches New Survey Platform to Maximize User Engagement and Feedback Business
  • Global Vessel Traffic Management Market Size And Market Growth Opportunities
    Global Vessel Traffic Management Market Size And Market Growth Opportunities World News
  • Senior State Department Officials On the People’s Republic of China
    Senior State Department Officials On the People’s Republic of China World News
  • Kaishan USA Launches New Industrial Vacuum Pump
    Kaishan USA Launches New Industrial Vacuum Pump Business
  • U.S. Department of State Encourages U.S. Undergraduate Students to Apply for the Benjamin Gilman International Scholarship to Study Abroad
    U.S. Department of State Encourages U.S. Undergraduate Students to Apply for the Benjamin Gilman International Scholarship to Study Abroad World News
  • Market Trends, Forecast, and Major Industry Players
    Market Trends, Forecast, and Major Industry Players World News
Investments in smart cities and regulatory reforms to drive 5.75% CAGR growth.

Investments in smart cities and regulatory reforms to drive 5.75% CAGR growth.

Posted on September 23, 2024 By NewsEditor

Investments in smart cities and regulatory reforms to drive 5.75% CAGR growth.

Global Professional Services Industry 2024

Professional Services Industry Size and Growth

Global Professional Services Industry 2024

Professional Services Industry Trends and Leading Markets

Global Professional Services Industry 2024

The Global Market Model Professional Services Industry Outlook: Increasing Investments in Smart Cities and Regulatory Reforms to Drive Growth with a 5.75% CAGR

The market benefits from high demand for legal, accounting, and engineering services across various sectors such as BFSI, construction, and healthcare”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, September 20, 2024 /EINPresswire.com/ — The Global Market Model is the world’s largest database of market forecasts, covering over 10,000 markets. Forecasts are updated semi-annually based on economic, geopolitical, and sector-specific factors. The current forecast, updated in July 2024, revises projections from February 2024.

Professional Services Industry Size and Growth
In 2023, the global professional services market was valued at $5,798.87 billion. It is projected to grow at a compound annual growth rate (CAGR) of 5.75% from 2023 to 2033. This growth is driven by increasing investments in smart cities, regulatory reforms, and the transition to new financial reporting standards. The growth rate is slightly below the global GDP growth rate.

Market Composition and Professional Services Segments
Professional services include advisory and expert-based support aimed at helping businesses manage or enhance specific areas. The market accounted for 5.54% of global GDP in 2023. The largest segment, which includes design, research, promotional, and consulting services, represented 74.2% of the market. The USA was the leading market, contributing 38.92% of the global total in 2023.

Professional Services Industry Trends and Leading Markets
The market benefits from high demand for legal, accounting, and engineering services across various sectors such as BFSI, construction, and healthcare. Developed countries like the USA have strong demand for legal, photographic, advertising, and accounting services, while developing nations such as India and China see growth driven by skilled labor availability and significant government investments. AI is expected to impact the market through automation, advanced analytics, efficient infrastructure management, and innovation in the long term.

Stability of Professional Services Industry Forecasts
The forecast remains stable from February 2024. Previous updates have considered reduced spending on professional services due to budget constraints and slower demand post-pandemic. Long-term projections anticipate continued stability with potential disruptions from AI advancements.

The Global Market Model Offers Insights On:
Number of enterprises
Number of employees
For more detailed insights into the professional services industry, visit https://www.thebusinessresearchcompany.com/global-market-model/demo-request.

For further information and inquiries:
Global Market Model
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Follow Us on Social Media:
LinkedIn: https://linkedin.com/company/global-market-modelgmm
Website: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

You just read:

News Provided By

September 20, 2024, 18:23 GMT


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.



Article originally published on www.einpresswire.com as Investments in smart cities and regulatory reforms to drive 5.75% CAGR growth.

Business

Post navigation

Previous Post: RS Metrics’ Expansion to Europe Led by Environmental and Capital Markets Thought Leader Magnus Billing
Next Post: Taiwan’s ‘BizWinner 5G XR Expo Solution’ Wins Best Innovation at the London Design Award

Related Posts

  • HOWTIAN Has Succeeded in Harvesting the Stevia Industry’s Highest Ever Reb A Yield
    HOWTIAN Has Succeeded in Harvesting the Stevia Industry’s Highest Ever Reb A Yield Business
  • ONE Future Releases Fifth Annual Methane Intensity Numbers of 0.462%
    ONE Future Releases Fifth Annual Methane Intensity Numbers of 0.462% Business
  • Rapid Packaging, Inc. Accelerates Sustainable Supply Chain Leadership With Strategic Acquisition of Lawgix International
    Rapid Packaging, Inc. Accelerates Sustainable Supply Chain Leadership With Strategic Acquisition of Lawgix International Business
  • Cybernews Business Digital Index Finds Only 11% of Companies Earn Top Cybersecurity Grades
    Cybernews Business Digital Index Finds Only 11% of Companies Earn Top Cybersecurity Grades Business
  • Next Generation Sequencing Market Projected to Reach Valuation of USD 97.8 Billion at 18.3% CAGR from 2024-2035
    Next Generation Sequencing Market Projected to Reach Valuation of USD 97.8 Billion at 18.3% CAGR from 2024-2035 Business
  • B&R Labs Joins HERBL in Exclusive Distribution Partnership
    B&R Labs Joins HERBL in Exclusive Distribution Partnership Business
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Trends, Growth, and Insights Through 2034June 3, 2025
  • Payroll Service Companies Drive Efficiency and Compliance for Texas SMBsJune 3, 2025
  • Forward Edge-AI wins patent for blockchain-secure, quantum-proof ML updates—a leap for trusted AI governance.June 2, 2025
  • Mainstreaming Women’s Health in Congress with the First-Ever Women’s Health Capitol Hill DayJune 2, 2025
  • Electronic Nose Market Set To Reach $52.32 Billion By 2029, At A CAGR Of 14.1%June 2, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Big Weeks Ahead for Bitcoin
    Big Weeks Ahead for Bitcoin World News
  • Law Office of Steers and Associates Announces Legal Support for Lyft Accident Injury Cases
    Law Office of Steers and Associates Announces Legal Support for Lyft Accident Injury Cases Business
  • Key Drivers, And Forecast For 2025-2034
    Key Drivers, And Forecast For 2025-2034 World News
  • Counselor Chollet’s Meeting with Presidency of Bosnia and Herzegovina Members Cvijanovic, Komsic, and Becirovic
    Counselor Chollet’s Meeting with Presidency of Bosnia and Herzegovina Members Cvijanovic, Komsic, and Becirovic World News
  • GlobalSim to Deliver Full Mission Crane Simulator to PD Ports in UK
    GlobalSim to Deliver Full Mission Crane Simulator to PD Ports in UK World News
  • U.S. Department of State Encourages U.S. Undergraduate Students to Apply for the Benjamin Gilman International Scholarship to Study Abroad
    The United States Releases Signed Memorandum of Understanding with the Democratic Republic of Congo and Zambia to Strengthen Electric Vehicle Battery Value Chain World News
  • moveBuddha Acquires Chicago-Based MovingCompanyReviews.com
    moveBuddha Acquires Chicago-Based MovingCompanyReviews.com Business
  • Department of Commerce Launches Regional Economic Research Initiative
    Department of Commerce Launches Regional Economic Research Initiative Business
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .