Professional Services Automation Market Size and Growth Rate:
Professional Services Automation Market was valued
at USD 716.5 Million in 2017 and projected to reach USD 1,244.8 Million by 2022
growing at a CAGR of 11.7% during the forecast period 2017 to 2022.
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Professional
Services Automation Market @ https://www.researchcosmos.com/reports/global-professional-services-automation-market-analysis-and-forecast-to-2022-growth-opportunity-as/4583842
Professional Services Automation Market Growth Drivers and
Restraints:
The increase in the professional services automation
market can be connected to the progress and need for automation. The related
software and solutions are applied to automate revenue management, and project
management, resource management, among other tasks, which help decrease
overhead costs, and thus, lowering organizational expenses. For small and
medium enterprises, reducing costs and adding more functionality to the central
system is favored. Additionally, small and medium businesses are rapidly
shifting towards automation, and with the aid of a centralized automated
system, automation can be achieved at a greater sale.
Globally, automation is anticipated to expand in
every field from factory automation to prepare automation and software. With
the increase of automation in software and process the professional services, the
market is also anticipated to grow.
Of the two main deployment methods of cloud and
on-premise, PSA products and sets hosted on cloud platforms are growing
popularity, especially among small- and medium-sized companies. The many
benefits of cloud hosting in terms of compliance, disaster recovery, increased
collaboration and decreased infrastructure development costs are some of the
chief circumstances behind the rising popularity of the cloud receiving module.
Additionally, the increasing inclusion of smartphones, tablets, and other
devices into the private networks of companies is leading to the development of
the PSA mobile application section.
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Geographical Analysis of Professional Services Automation
Market:
North America consists of developed markets, such as
the US and Canada. In this region, organizations are quickly adopting and
willing to invest in developing technologies, such as smartphones and cloud
platforms. Companies in North America are buying with a concern of an aging
workforce, which has been directed through effective implementation of professional
services automation. The main growth drivers include increased cloud
deployments and increasing adoption of online service delivery. Moreover,
organizations in this region have adopted the inorganic growth strategies to
increase their presence across the world. For example, Oracle opted for mergers
and acquisitions to optimize and grow its portfolio.
Key Players of Professional Services Automation Market:
The main vendors in the Professional Services
Automation market include FinancialForce (US), Autotask Corporation (US),
Changepoint Corporation (US), Microsoft (US), Kimble Applications (UK),
Atlassian (Australia), ConnectWise (US), Mavenlink, Inc. (the US), Oracle (US),
Project Open Business Solutions S.L (Spain), SAP (Germany), Upland Software
(US), Projector PSA (US), and Kaseya Limited (US).
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