Professional Services Automation market

• The global Professional Services Automation market will reach $1.244 billion by 2022, growing at a CAGR of 11.7%.
• The North American market holds 48% of that market, meaning that the NA market will reach $607 million (0.48% * $1.244 billion) in 2022.
• Using a CAGR calculator, we have estimated that the 2019 market size for the North American market would be $424.6 million
• While numerous reports have stated that the US is the major shareholder of professional services automation solution in North America, we were not able to find a specific breakdown that details the exact % of the market it holds despite looking through several industry and government reports such as Markets and Markets, Grandview Research, and the BLS.
• The Professional Services Automation market is divided into three main solution types: project management, resource management, and opportunity and lead management.
• The services can also be deployed using two different methods: on-premise and through cloud.

Professional Services Automation Software market

• We also found that the global Professional Services Automation Software market would reach $16.015 billion by 2025, growing at a CAGR of 11.7% between 2019 and 2025.
• Assuming that the same regional breakdown holds as the overall professional automation market, then the market size would reach $7.69 billion by 2025 (0.48% * $16.015 billion).
• Using a CAGR calculator, we estimated that the 2019 market size for the North American market would be $3.96 billion.
• The software market is divided into 3 specific segments by application: consulting, IT technologies, and marketing and communication.
• In 2018, the IT technologies sector occupied the biggest market share of the Professional Services Automation software market, with 46%. Assuming that the market share would remain the same for 2019, this segment would be worth $1.822 billion in 2019 (0.46% * $3.96 billion).