Professional Services Automation Software Market To Reach $25.25 Billion By 2030

Professional Services Automation Software Market Growth & Trends

The global professional services automation software market size is expected to reach USD 25.25 billion by 2030, expanding at a CAGR of 11.9% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. Increasing usage of advanced technologies such as machine learning, artificial intelligence, and robotic process automation (RPA) in Professional Services Solutions (PSA) for making profitable decisions in businesses is creating robust market opportunities.

With these technologies, market players are helping various organizations for automating different business processes. Furthermore, big data analytics technology, coupled with the internet of things (IoT), increases professional services automation software’s overall productivity, contributing to the professional services automation software market growth. The professional services automation software market is anticipated to expand significantly due to increasing enterprises’ preference for professional services automation software to manage and monitor resource utilization.

Enterprises from the various industrial sector are partnering with PSA vendors for PSA solution deployment for their resource management operations. For instance, in January 2022, workgraph company, Soroco collaborated with the automation business of Information Services Group (ISG), ISG Automation to help its clients in accelerating their digital transformation by providing PSA services. The ISG Automation will provide its portfolio for advisory and implementation services including proof-of-concept deployments, software bots’ integration, and other train & managed services.

Rapid developments in advanced technologies and the growing popularity of PSA solutions are encouraging various companies to enter the professional services automation software market to enhance their business growth. Startups operating in the professional services automation software market are highly emphasizing participating in funding rounds to raise funds and strengthen their brand presence. For instance, in July 2021, a Remote IT management and professional services automation software company in Israel, Atera, raised USD 77 million in a Series B financing round led by K1 Investment Management and General Atlantic. The company will use this funding to expand its service offerings in automation software and business operations in untapped global markets.

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Professional Services Automation Software Market Report Highlights

• Business analytics segment is anticipated to reach USD 2,455.9 million by 2030. With automation in business analytics, organizations are making data-driven decisions and achieving greater profitability in their businesses, supporting the market growth

• Marketing and communication segment is set to register a CAGR of 13.9% through 2030 owing to the increasing adoption of professional services automation software by marketing firms to automate their various time-consuming tasks and decrease the product time to market. These marketing and communication firms are focusing on establishing long-term partnerships with market players for cost optimization

• Cloud integrations segment is expected to dominate the market with a share of USD 14,728.5 million in 2030. PSA software implementation through cloud integrations offers various benefits to organizations such as multiple cloud environment management through a single platform, reduction of manual intervention, workflow optimization, and enabling businesses to adopt the changing technology landscape, driving the segment growth

• Small & medium enterprise segment is anticipated to expand at the highest CAGR of 13.6% from 2023 to 2030. Small & medium-sized enterprises are using PSA solutions for process time management, automating various tasks to allow employees to focus on other important works and control unnecessary spending of the company, thereby contributing to the professional services automation software market size expansion

• Asia Pacific professional services automation software market is expected to register a rising CAGR of 14.0% through 2030 owing to the region's rapid digitalization and emerging startups. Supportive government initiatives for the software industry and the emergence of digital economies create a positive market outlook

Professional Services Automation Software Market Segmentation

Grand View Research has segmented the global professional services automation software market report based on component, solutions, services, deployment, enterprise size, application, and region

Professional Services Automation Software Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Solutions

• Services

Professional Services Automation Software Solutions Outlook (Revenue, USD Billion, 2018 - 2030)

• Project Management

• Project Accounting

• Billing & Invoice Management

• Resource Management

• Timesheet & Expense Management

• Project Analytics

• Opportunity Management

• Contract Management

• Others (Knowledge Management and Others)

Professional Services Automation Software Services Outlook (Revenue, USD Billion, 2018 - 2030)

• System Integration Services

• Consulting

• Training and Support

Professional Services Automation Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud

• On-premise

Professional Services Automation Software Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Professional Services Automation Software Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Consulting Firms

• Marketing and Communication Companies

• Technology Companies

• Architecture, Engineering, and Construction Companies

• Audit and Accounting Firms

• Scientific Research and Development Companies

• Legal Services

• Others

Professional Services Automation Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • Singapore

  • South Korea

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Professional Services Automation Software Market

• Autotask Corporation

• Atlassian

• BMC Software, Inc.

• ConnectWise, Inc.

• Deltek, Inc.

• FinancialForce.com

• Kimble Apps

• Klient, Inc,

• Microsoft Corporation

• NetSuite OpenAir, Inc.

• Oracle Corporation

• Planview

• PROJECTOR PSA  

• SAP SE

• Upland Software, Inc.

• Workday, Inc.