Professional Services Market Size 2024-2028
The professional services market size is forecast to increase by USD 2,077.8 billion at a CAGR of 5.7% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing focus on project-oriented services and Information Technology Outsourcing (ITO). ITO, in particular, is a key trend, with businesses seeking to reduce costs and improve efficiency by outsourcing IT functions. Another major trend is the adoption of cloud computing, which offers flexibility and scalability. However, this shift to cloud solutions also raises concerns around data security. Moreover, the professional services industry is witnessing a ripple in the use of advanced technologies such as artificial intelligence (AI) and machine learning (ML) to enhance service delivery and create new business opportunities. CDAP (Customer Data Analytics Platform) is one such technology that is gaining traction, enabling businesses to gain insights from their data and make informed decisions.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Industry Application
- Executive Summary - Chart on Market Segmentation by Delivery Mode
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Professional Services Market 2018 - 2022
- Historic Market Size - Data Table on Global Professional Services Market 2018 - 2022 ($ billion)
- 5.2 Industry Application segment analysis 2018 - 2022
- Historic Market Size - Industry Application Segment 2018 - 2022 ($ billion)
- 5.3 Delivery Mode segment analysis 2018 - 2022
- Historic Market Size - Delivery Mode Segment 2018 - 2022 ($ billion)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Professional Services Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Industry Application
- 8.1 Market segments
- Chart on Industry Application - Market share 2023-2028 (%)
- Data Table on Industry Application - Market share 2023-2028 (%)
- 8.2 Comparison by Industry Application
- Chart on Comparison by Industry Application
- Data Table on Comparison by Industry Application
- 8.3 Financial services - Market size and forecast 2023-2028
- Chart on Financial services - Market size and forecast 2023-2028 ($ billion)
- Data Table on Financial services - Market size and forecast 2023-2028 ($ billion)
- Chart on Financial services - Year-over-year growth 2023-2028 (%)
- Data Table on Financial services - Year-over-year growth 2023-2028 (%)
- 8.4 Technology - Market size and forecast 2023-2028
- Chart on Technology - Market size and forecast 2023-2028 ($ billion)
- Data Table on Technology - Market size and forecast 2023-2028 ($ billion)
- Chart on Technology - Year-over-year growth 2023-2028 (%)
- Data Table on Technology - Year-over-year growth 2023-2028 (%)
- 8.5 Healthcare - Market size and forecast 2023-2028
- Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
- Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
- Chart on Healthcare - Year-over-year growth 2023-2028 (%)
- Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
- 8.6 Manufacturing - Market size and forecast 2023-2028
- Chart on Manufacturing - Market size and forecast 2023-2028 ($ billion)
- Data Table on Manufacturing - Market size and forecast 2023-2028 ($ billion)
- Chart on Manufacturing - Year-over-year growth 2023-2028 (%)
- Data Table on Manufacturing - Year-over-year growth 2023-2028 (%)
- 8.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 8.8 Market opportunity by Industry Application
- Market opportunity by Industry Application ($ billion)
- Data Table on Market opportunity by Industry Application ($ billion)
9 Market Segmentation by Delivery Mode
- 9.1 Market segments
- Chart on Delivery Mode - Market share 2023-2028 (%)
- Data Table on Delivery Mode - Market share 2023-2028 (%)
- 9.2 Comparison by Delivery Mode
- Chart on Comparison by Delivery Mode
- Data Table on Comparison by Delivery Mode
- 9.3 On-site services - Market size and forecast 2023-2028
- Chart on On-site services - Market size and forecast 2023-2028 ($ billion)
- Data Table on On-site services - Market size and forecast 2023-2028 ($ billion)
- Chart on On-site services - Year-over-year growth 2023-2028 (%)
- Data Table on On-site services - Year-over-year growth 2023-2028 (%)
- 9.4 Remote services - Market size and forecast 2023-2028
- Chart on Remote services - Market size and forecast 2023-2028 ($ billion)
- Data Table on Remote services - Market size and forecast 2023-2028 ($ billion)
- Chart on Remote services - Year-over-year growth 2023-2028 (%)
- Data Table on Remote services - Year-over-year growth 2023-2028 (%)
- 9.5 Hybrid models - Market size and forecast 2023-2028
- Chart on Hybrid models - Market size and forecast 2023-2028 ($ billion)
- Data Table on Hybrid models - Market size and forecast 2023-2028 ($ billion)
- Chart on Hybrid models - Year-over-year growth 2023-2028 (%)
- Data Table on Hybrid models - Year-over-year growth 2023-2028 (%)
- 9.6 Market opportunity by Delivery Mode
- Market opportunity by Delivery Mode ($ billion)
- Data Table on Market opportunity by Delivery Mode ($ billion)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 11.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.13 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.14 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ billion)
- Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 11.15 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 11.16 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.17 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ billion)
- Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Accenture Plc
- Accenture Plc - Overview
- Accenture Plc - Business segments
- Accenture Plc - Key news
- Accenture Plc - Key offerings
- Accenture Plc - Segment focus
- SWOT
- 14.5 AECOM
- AECOM - Overview
- AECOM - Business segments
- AECOM - Key news
- AECOM - Key offerings
- AECOM - Segment focus
- SWOT
- 14.6 Aon plc
- Aon plc - Overview
- Aon plc - Business segments
- Aon plc - Key news
- Aon plc - Key offerings
- Aon plc - Segment focus
- SWOT
- 14.7 Bain and Co. Inc.
- Bain and Co. Inc. - Overview
- Bain and Co. Inc. - Product / Service
- Bain and Co. Inc. - Key offerings
- SWOT
- 14.8 Boston Consulting Group Inc.
- Boston Consulting Group Inc. - Overview
- Boston Consulting Group Inc. - Product / Service
- Boston Consulting Group Inc. - Key offerings
- SWOT
- 14.9 Business Connexion Ltd.
- Business Connexion Ltd. - Overview
- Business Connexion Ltd. - Product / Service
- Business Connexion Ltd. - Key offerings
- SWOT
- 14.10 Cleary Gottlieb Steen and Hamilton LLP
- Cleary Gottlieb Steen and Hamilton LLP - Overview
- Cleary Gottlieb Steen and Hamilton LLP - Product / Service
- Cleary Gottlieb Steen and Hamilton LLP - Key offerings
- SWOT
- 14.11 Deloitte Touche Tohmatsu Ltd.
- Deloitte Touche Tohmatsu Ltd. - Overview
- Deloitte Touche Tohmatsu Ltd. - Product / Service
- Deloitte Touche Tohmatsu Ltd. - Key news
- Deloitte Touche Tohmatsu Ltd. - Key offerings
- SWOT
- 14.12 Dentsu Group Inc.
- Dentsu Group Inc. - Overview
- Dentsu Group Inc. - Business segments
- Dentsu Group Inc. - Key offerings
- Dentsu Group Inc. - Segment focus
- SWOT
- 14.13 Enviro Analysts and Engineers Pvt Ltd.
- Enviro Analysts and Engineers Pvt Ltd. - Overview
- Enviro Analysts and Engineers Pvt Ltd. - Product / Service
- Enviro Analysts and Engineers Pvt Ltd. - Key offerings
- SWOT
- 14.14 Ernst and Young Global Ltd.
- Ernst and Young Global Ltd. - Overview
- Ernst and Young Global Ltd. - Product / Service
- Ernst and Young Global Ltd. - Key offerings
- SWOT
- 14.15 Forvis Mazars
- Forvis Mazars - Overview
- Forvis Mazars - Product / Service
- Forvis Mazars - Key offerings
- SWOT
- 14.16 Omnicom Group Inc.
- Omnicom Group Inc. - Overview
- Omnicom Group Inc. - Business segments
- Omnicom Group Inc. - Key offerings
- Omnicom Group Inc. - Segment focus
- SWOT
- 14.17 PricewaterhouseCoopers LLP
- PricewaterhouseCoopers LLP - Overview
- PricewaterhouseCoopers LLP - Product / Service
- PricewaterhouseCoopers LLP - Key offerings
- SWOT
- 14.18 Tata Consultancy Services Ltd.
- Tata Consultancy Services Ltd. - Overview
- Tata Consultancy Services Ltd. - Business segments
- Tata Consultancy Services Ltd. - Key news
- Tata Consultancy Services Ltd. - Key offerings
- Tata Consultancy Services Ltd. - Segment focus
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
- o Stable customer base
- o Stable customer base
- o Strong brand reputation
- o Stable customer base
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