FinancialForce (US) and Changepoint Corporation (US) are the Top Players in the Professional Services
The report "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", The PSA market size is expected to grow from USD 716.5 Million in
2017 to USD 1,244.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast
period. Growing need for enhanced mobility among service consultants, and for scalable and flexible PSA solutions
is a major factor driving the growth of the PSA market. Moreover, the increasing adoption of PSA solutions by
Small and Medium-sized Enterprises (SMEs) is expected to drive the PSA market.
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The rapid adoption of Professional Services Automation solutions, owing to a strong and well-established
economy is expected to make North America the largest regional market.
North America consists of developed economies, such as the US and Canada. In this region, organizations are
rapidly adopting and willing to invest in emerging technologies, such as smartphones and cloud platforms.
Organizations in North America are dealing with a concern of an aging workforce, which has been addressed
through effective implementation of Professional Services Automation. The major growth drivers include increased
cloud deployments and growing adoption of online service delivery. Furthermore, organizations in this region have
adopted the inorganic growth strategies to strengthen their presence across the world. For example, Oracle opted
for mergers and acquisitions to optimize and strengthen its portfolio.
The audit and accountancy vertical is expected to grow at a higher CAGR during the forecast period.
The vertical comprises organizations which are primarily involved in off