The USA was the largest market in the professional services industry in 2015, accounting for around 40% of the market, worth about $1100 billion in 2016. This was mainly due to the presence of large number commercial establishments seeking accounting, legal, and management consulting, advertising and other professional services.
The UK was the second largest market, accounting for 10% of the market worth about $300 billion. China was the third largest market, accounting for around $250 billion or 10% of the market. Spain was the lowest of the featured countries in the professional services market accounting for 2%. Other countries together represented 24.9% of the global market.
Rapid technology change in the recent years, together with increased pressure to reduce costs and increased use of smart phones, is likely to push the concept of virtual firms in the professional services industry during the forecast period. More professional firms will go virtual with few if any permanent offices.
By having few permanent offices, their IT infrastructure in the cloud and the use of freelance and contract employees will help professional firms considerably reduce their costs and increase revenues.
Key Topics Covered:
1. Professional services Market Characteristics
2. Professional services Market Size and Growth
3. Porters Five Force Model
4. PESTLE Analysis
5. Professional services Market Segmentation
6. Professional services Market Regional And Country Analysis
7. Global Professional services Market Comparison with Macro Economic Factors
8. Professional services Market Comparison With Macro Economic Factors Across Countries
9. Professional services Indicators Comparison
10. Asia Professional services Market
11. Europe Professional services Market
12. Americas Professional services Market
13. Middle East & Africa Professional services Market
14. Oceania Professional services Market
15. Professional services Market Competitive Landscape
16. Professional services Market Customer Information
17. Key Mergers And Acquisitions In The Professional services Market
- Publicis Groupe
- Omnicom Group
For more information about this report visit http://www.researchandmarkets.com/research/t72zw4/professional