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Virtual Firms In The Professional Services Market Industry

 



(USGovernment-News.Com, November 14, 2018 ) Rapid technology change in the recent years, together with increased pressure to reduce costs and increased use of smartphones, is pushing the concept of virtual firms in the professional services industry. Firms that are more professional will go virtual with few permanent offices. By having few permanent offices, their IT infrastructure in the cloud and the use of freelance and contract employees will help professional firms considerably reduce their costs and increase revenues.

THE BUSINESS RESEARCH COMPANY EXPECTS THE GLOBAL PROFESSIONAL SERVICES MARKET TO GROW TO $7 TRILLION BY 2021

North America was the largest region in the professional services market in 2017, accounting for about 36% of the market share. This can be attributed to high demand for services such as accounting, legal, advertising, photographic services and other professional services from companies across all industries.

Order the report at https://www.thebusinessresearchcompany.com/report/professional-services-global-market-report-2018

According to The Business Research Company’s Consultant Nitin Gianchandani, traditionally, professional services firms have been charging their customers an hourly rate. In line with increasing wages and rapid pressure from clients to decrease pricing, many professional firms are shifting towards value-oriented billing. Value-oriented billing is easy to apply in the professional services industry since the value (such as tax savings, damage awards, ad placements, or the size of an acquisition or merger) is explicit. It is expected that more professional services firms will shift to value-based pricing as they try to become “advisors” rather than just being service providers paid by the hour.

Download sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=325&type=smp

Deloitte was the largest company in the professional services market, generating revenues worth $36.8 billion in 2016. Deloitte’s growth strategy is focused towards discovery and advancements in cognitive audit technologies that will help automate the process of auditing and enhance its quality. Artificial intelligence, language processing, data analytics and machine-learning technologies are some processes the company is currently working on. Deloitte also plans to strengthen its M&A approaches by acquiring strategic partners that will help growth of business as well as expansion of operation.

Professional service is a broad market, which comprises varied occupations, that 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).

Professional Services Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $8000 for an individual user. To use across your office, the price is $12000 and $16000 if you wish to use across a multinational company.

About The Business Research Company:

Visit TheBusinessResearchCompany.com, mail info@tbrc.info or call +447443439350 or +918897263534 or +919160996838 for more information on this and many other titles.

The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.

It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.

The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.

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The Business Research Company

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Americas: +1 315 623 0293

Email: info@tbrc.info

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The Business Research Company

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Marketing@tbrc.info

Source: EmailWire.Com

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