Professional Services Automation Software Market, By Application (Consulting Firm, Technology Companies, Marketing and Communication, and Others), By Deployment (On-Premise and Cloud), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2030

The Professional Services Automation Software Market accounted for US$ 10.3 billion in 2020 and is estimated to be US$ 32.66 billion by 2030 and is anticipated to register a CAGR of 12.4%.

Professional services automation software (PSA) is an end-to-end solution to rush a service-based business and manage the data created by various business processes. Professional service automation helps in management of project, time tracking, invoicing, resource planning, business intelligence, and collaboration tools. Professional services automation software constructs a process for planning, managing, and measuring the performance of each project throughout its lifecycle. Financial Force (PSA) is the most effective services business software across your entire enterprise, it is built on the basis of sales force platform, accessing your business to manage all your services projects on single cloud-based platform. Cloud-based PSA helps you to access the solution via internet rather than physical computer server. It helps organizations to track, manage and deliver project-based services, from the sale to invoicing.

Changing Business Model

Increasing adoption of professional services automation software due to changing business model of enterprises is driving the global professional services automation software market. In addition, professional services automation software and solutions are used to automate revenue management, resource management, and project management. These help to reduce overhead costs, lowering organizational expenses, and adding more functionality to the central system, which in turn supports the growth of the target market. Furthermore, rising popularity of cloud computing, coupled with growing IT budget of small and medium enterprises (SMEs) is expected to boost the global professional services automation software market. Moreover, automation is required in every field from factory automation to process automation and software, which also promotes the growth of the target market. Increasing advancements in functionalities of the solution in professional services automation software, promotes the growth of professional service automation software market.

However, lack of skilled and experienced resources is restraining the global professional services automation software market.

The global professional services automation software market is segmented based on application, deployment, and region

On the basis of application, the target market is categorized into consulting firm, technology companies, marketing and communication, and others. On the basis of deployment, the global professional services automation software market is bifurcated into on-premise and cloud. 

Regional Insights:

The global professional services automation software market accounted for US$ 10.3 billion in 2020 and is estimated to be US$ 32.66 billion by 2030 and is anticipated to register a CAGR of 12.4%. On region the global professional services automation software market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  North America professional services automation software market is expected to account for major share in terms of revenue in the global professional services automation software market over the forecast period. This can be attributed to technological innovations in solutions, coupled with rising demand for replacing and upgrading the existing PSA software is also high in countries of the region. Asia Pacific professional services automation software market is expected to account for significant share in terms of revenue in the global professional services automation software market in the near future. This is owing to increasing adoption of the solutions by small and medium enterprises in countries such as China and India of the region.

Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global professional services automation software market report based on application, deployment, and region. 

Global Professional Services Automation Software Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global professional services automation software market include Autotask Corporation, ConnectWise, Inc., Harmony Business Systems Ltd, Projector PSA, Inc, Arrow PSA by Appclipse, LLC, NetSuite Inc., Microsoft Corporation, Unit4 N.V., ConnectWise, LLC., and Upland Software, Inc.

Microsoft Corporation:

One of the leading companies among computer-based technology. They have launched Dynamics 365 project operations which connect sales, resourcing, project management, and finance teams within this single application, to help in achieving better deals, accelerate projects delivery, and maximize profitability.

• Autotask Corp.
• Connect Wise Inc.
• Harmony Business System Ltd.
• Projector PSA Inc.
• Arrow PSA by Appclipse
• NetSuite Inc.
• Microsoft Corp.
• Unit4 N.V.
• ConnectWise LLC
• Upland Software Inc.