The professional service automation (PSA) software market is forecasted to grow by USD 7.50 bn during 2023-2028, accelerating at a CAGR of 11.64% during the forecast period. The report on the professional service automation (PSA) software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased inclination of organizations toward cloud deployments and process automation, mergers and acquisitions among PSA software vendors, and integration of artificial intelligence (AI) with PSA solutions.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
11.44%
CAGR
11.64%
Incremental Value
$7.50bn
Technavio's professional service automation (PSA) software market is segmented as below:
By Deployment
Cloud
On-premises
By End-user
Technology companies
Consulting firms
Marketing and communication
Others
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the increase in demand for AI in operational efficiency as one of the prime reasons driving the professional service automation (PSA) software market growth during the next few years. Also, the rise in usage of cloud computing management and high demand for customer-centric PSA software solutions will lead to sizable demand in the market.
The report on the professional service automation (PSA) software market covers the following areas:
Professional service automation (PSA) software market sizing
Professional service automation (PSA) software market forecast
Professional service automation (PSA) software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading professional service automation (psa) software market vendors that include Accelo Inc., Aprika Business Solutions Ltd., BigTime Software Inc., Cloud Coach LLC, ConnectWise LLC, Datto Holdings Corp., HaloPSA, Kantata Inc., Logic Software Inc., Microsoft Corp., Oracle Corp., Planview Inc., Primetric Sp. z o.o., Promys, Rev.io LLC, Roper Technologies Inc., Salesforce Inc., SAP SE, Upland Software Inc., and Workday Inc.. Also, the professional service automation (PSA) software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global professional service automation (PSA) software market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global professional service automation (psa) software market 2018 - 2022 ($ billion)