Global Professional Service Automation (PSA) Software Market By Application (Technology Companies, Marketing & Communication, Consulting Firms), Deployment Model (Cloud-based, On-premise), and Regional Market Size, Status and Forecast to 2025

“Global Professional Service Automation (PSA) Software Market Size, Status and Forecast to 2025”

The Global Professional Service Automation (PSA) Software Market was valued at USD 7.41 billion in 2016 and is projected to reach USD 17.80 billion by 2025, growing at a CAGR of 10.23% from 2017 to 2025.

Professional services automation (PSA) is a software product designed to assist professionals, such as IT consultants, auditors, lawyers, and others, with resource management and project management for client projects. Core functions of PSA include automated time & billing, project management capabilities, invoice management, resource allocation, expense management, and others. It also offers powerful and consistent reports and dashboards, which provide management key information to make insightful decisions.

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Companies Profiled in this report includes: ConnectWise, Inc, Projector PSA, Inc, FinancialForce.com, NetSuite OpenAir, Tenrox, Microsoft Corporation, Oracle Corporation,  Appirio, Autotask Corporation, Changepoint Corporation.

Increasing needs to improve operational efficiency among professional service firms are expected to propel the market over the forecast period. The companies have been focusing on optimally aligning resources while profitably delivering projects on time. PSA tools offer benefits such as optimized staffing, improved collaboration, and automated time & expense. Effective use of professional services automation tools can help organizations improve productivity, operational efficiency, financial margins, and billable utilization. PSA software improves project management and resource management by increasing efficiency through increased collaboration and personnel utilization, better planning, and integrated knowledge management. The software also provides standardized reports, which help management in making key business decisions.

Small enterprises have been using spreadsheets for various tasks such as resource and time management. However, as businesses grow, complexity will increase and need for automating these tasks will also rise and the challenge of maintaining business quality, throughput, and effectiveness will grow as well. Small-sized businesses are untapped markets and increasing IT budgets of these enterprises are expected to demand over the forecast period.

PSA software is popular in consulting firms, technology companies, and marketing & communication firms. These solutions are also being adopted by legal and architectural firms. Technology companies are the major application segments and held a market share of over 40% in 2015.

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Table of Content:

Global Professional Service Automation (PSA) Software Market Size, Status and Forecast to 2025

1 INTRODUCTION OF GLOBAL PROFESSIONAL SERVICE AUTOMATION (PSA) SOFTWARE MARKET

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 GLOBAL PROFESSIONAL SERVICE AUTOMATION (PSA) SOFTWARE MARKET OUTLOOK

5 GLOBAL PROFESSIONAL SERVICE AUTOMATION (PSA) SOFTWARE MARKET, BY APPLICATION

6 GLOBAL PROFESSIONAL SERVICE AUTOMATION (PSA) SOFTWARE MARKET, BY DEPLOYMENT MODEL

7 GLOBAL PROFESSIONAL SERVICE AUTOMATION (PSA) SOFTWARE MARKET, BY GEOGRAPHY

8 GLOBAL PROFESSIONAL SERVICE AUTOMATION (PSA) SOFTWARE MARKET COMPETITIVE LANDSCAPE

9 COMPANY PROFILES

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