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(USGovernment-News.Com, September 04, 2018 ) Professional service is a broad market which comprises varied occupations which provide support to businesses of all sizes and in all industries. The business entities which are engaged in providing professional services are generally referred to as professional service organizations (PSOs) or professional service firms (PSFs).
The global professional service market has shown high growth in the past years with a CAGR of over 5%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the professional services market to grow at the same CAGR by 2021, along with geographies best suited for investments with highest return rate.
Until the telecommunications revolution, most professional firms were providers of professional services to local clients. In many parts of the world there was limited demand for more sophisticated services. Now, many clients have globalized and thus require more sophisticated and internationally-oriented professional services and providers. For example, PWC and EY are offering their assurance, transaction, advisory and legal services to many companies across the world.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Deloitte LLP, Bechtel Corporation, Ernst & Young, PwC and KPMG.
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