The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 LONDON, Sept. 20, 2023 /PRNewswire/ — As per The Business Research Company’s Professional Services Global Market Report 2023, the global professional services market has experienced impressive growth, expanding from $6,023.65 billion in 2022 to $6,382.56 billion in 2023 , at a notable compound annual growth rate (CAGR) of 6.0%. This upward trajectory is expected to continue, with the market size projected to reach $7,770.09 billion in 2027 , sustained by a CAGR of 5.0%. A pivotal driver of the professional services market growth is the increasing emphasis on digitizing business processes, marking the dawn of the digital era in various industries. Digital Transformation: A Market Catalyst The rise of digital transformation, characterized by the integration of digital technologies to enhance business operations and customer experiences, plays a significant role in propelling the professional services market . According to Zippia, the global cost of digital transformation stood at $1.5 trillion in 2021, and this figure is anticipated to soar to $6.8 trillion by 2023. The pervasive adoption of digital technologies is reshaping markets across the globe, […]
The Rise Of Digital Transformation Is Expected To Drive The Professional Services Market Size At 5% CAGR through 2022-2027 – By The Business Research Company
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