Professional Services Automation Market Report of Key Company Profiles and Industry Size, Share Analysis 2017

The Professional Services Automation Market report states increasing need for enhanced mobility among service consultants, growing trends of automation, and need for scalable and flexible PSA solutions are driving the Professional Services Automation (PSA) market. The Professional Services Automation Market is growing and the experts have predicted the future stats of Professional Services Automation. Professional Services Automation Market report contains the top corporate profiles and strategies with industry analysis and trends.

Complete report is now available on Professional Services Automation Market by Solution (Project Management, Resource Management, and Opportunity and Lead Management), Service, Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region – Global Forecast to 2022 at http://www.rnrmarketresearch.com/professional-services-automation-market-by-solution-project-management-resource-management-and-opportunity-and-lead-management-service-deployment-type-on-premises-and-cloud-organization-size-vertical-and-st-to-2022-market-report.html

The PSA market size is expected to grow from USD 716.5million in 2017 to USD 1,244.8million by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period. This market is driven by growing need for scalable and flexible PSA solutions, and opportunities created with growth in analytics and big data technologies. On the other hand, system conflicts and lack of awareness about PSA solutions is one of the restraints for the PSA market growth.

The project management solution enables clients to engage with project throughout its lifecycle. It manages every aspect of project from start to completion of a project including budgets, costing, approvals, scheduling, deliverables management, issue tracking, and revenue management. It facilitates organizations with a capability to monitor real-time status of a project. It also enables organizations to track which customer engagement is successful or at risk.

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Break of primary participants in Professional Services Automation Market was as mentioned below:

By company type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

By designation: C-level – 35%, Director level – 25%, and Others – 40%

By region: North America – 48%, Europe – 22%, APAC – 22%, Latin America –4%, and MEA–4%

Major players of Professional Services Automation Market Report are:

The PSA ecosystem comprises major vendors, such as Autotask Corporation (US), Changepoint Corporation (US), Financial Force (US), Microsoft (US), Atlassian (Australia), Connect Wise (US), Kimble Applications (UK), Mavenlink, Inc. (US), Oracle (US), SAP (Germany), Upland Software (US), Projector PSA (US), Project Open Business Solutions S.L (Spain), and Kaseya Limited (US).

FAQ’s regarding the Professional Services Automation Market Report are:

Market Penetration of Professional Services Automation Market Report:
Comprehensive information on the product portfolios of the top players in the Professional Services Automation market

Product Development/Innovation of Professional Services Automation Market Report:
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Professional Services Automation market

Competitive Assessment of Professional Services Automation Market Report:
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Professional Services Automation market

Market Development of Professional Services Automation Market Report:
Comprehensive information about emerging markets. This report analyzes the market for various Professional Services Automation products across geographies

Market Diversification of Professional Services Automation Market Report:
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Professional Services Automation market

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IT enterprises are engaged in various activities such as software development, testing, on-site management, and client support. The IT vertical includes software vendors, system integrators, and IT service providers. IT service providers offer various IT services, such as data processing, hosting, IT consulting, and related services.  The IT vertical is the largest revenue contributor to the global PSA market, owing to the evolution of various platforms and mobile devices across all regions that trigger huge volumes of data generated by both internal and external sources.

North America is the largest revenue contributor to the PSA market, as the region is an early adopter of cloud technology and has advanced IT infrastructure facilities as well. North America, especially the US and Canada, are expected to implement PSA solutions to simplify and automate business processes. Organizations in North America are dealing with a major concern of an aging workforce, which has been addressed through an effective implementation of PSA. Major growth drivers include increased cloud deployments and growing adoption of online service delivery.

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