This report describes and explains the professional services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global professional services market reached a value of nearly $6.07 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 4.85% since 2019. The market is expected to grow from $6.07 trillion in 2024 to $7.89 trillion in 2029 at a rate of 5.39%. The market is then expected to grow at a CAGR of 6.11% from 2029 and reach $10.61 trillion in 2034.
Growth in the historic period resulted from the growth of small and medium enterprises, increase in globalization and outsourcing, rising focus on digitizing business processes and rise of legal and compliance risks. Factors that negatively affected growth in the historic period were increasing penetration of DIY tools and privacy and security issues.
Going forward, the favorable government support, Expansion of IT services, growth of banking and insurance sectors and rise in workforce upskilling will drive the growth. Factor that could hinder the growth of the professional services market in the future include shortage of skilled workers, high competition and impact of trade war and tariffs.
North America was the largest region in the professional services market, accounting for 41.48% or $2.51 trillion of the total in 2024. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the professional services market will be Middle East and Africa where growth will be at CAGRs of 10.28% and 9.87% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 6.77% and 6.11% respectively.
The global professional services market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 5.61% of the total market in 2023. Deloitte Touche Tohmatsu Limited. was the largest competitor with a 1.16% share of the market, followed by PricewaterhouseCoopers LLP (PwC) with 0.92%, Ernst & Young Global Limited (EY) with 0.85%, KPMG International Limited with 0.62%, Accenture plc with 0.58%, International Business Machine corp. with 0.36%, AECOM with 0.31%, WPP plc with 0.29%, Publicis Groupe with 0.28% and McKinsey & Company with 0.23%.
The professional services market is segmented by type into design, research, promotional and consulting services, legal services, accounting services and all other professional, scientific and technical services. The design, research, promotional and consulting services market was the largest segment of the professional services market segmented by type, accounting for 74.25% or $4.5 trillion of the total in 2024. Going forward, the design, research, promotional and consulting services segment is expected to be the fastest growing segment in the professional services market segmented by type, at a CAGR of 5.61% during 2024-2029.
The professional services market is segmented by service provider into large enterprise and small and medium enterprise. The large enterprise market was the largest segment of the professional services market segmented by service provider, accounting for 68.87% or $4.18 trillion of the total in 2024. Going forward, the small and medium enterprise segment is expected to be the fastest growing segment in the professional services market segmented by service provider, at a CAGR of 6.07% during 2024-2029.
The professional services market is segmented by mode into online, offline and hybrid. The hybrid market was the largest segment of the professional services market segmented by mode, accounting for 50.20% or $3.04 trillion of the total in 2024. Going forward, the hybrid segment is expected to be the fastest growing segment in the professional services market segmented by mode, at a CAGR of 6.45% during 2024-2029.
The top opportunities in the professional services markets segmented by type will arise in the design, research, promotional and consulting services segment, which will gain $1.41 trillion of global annual sales by 2029. The top opportunities in the professional services markets segmented by service provider will arise in the large enterprise segment, which will gain $1.17 trillion of global annual sales by 2029. The top opportunities in the professional services markets segmented by mode will arise in the hybrid segment, which will gain $1.11 trillion of global annual sales by 2029. The professional services market size will gain the most in the USA at $503.9 million.
Market-trend-based strategies for the professional services market include developing AI-powered professional services, developing innovative solutions, such as cloud-based platforms, to improve operational efficiency, enhance data accessibility, developing technologically advanced solutions such as digital legal platforms and developing new products such as Qualtrics platforms to meet larger customer bases.
Player-adopted strategies in the professional services market include focus on expanding its manufacturing capabilities through innovation and strategic investment.
To take advantage of the opportunities, the analyst recommends the professional services market companies to focus on scaling ai-driven service offerings, focus on cloud-based service innovation for SMEs, focus on digital legal platforms to enhance service delivery, focus on AI-driven experience management platforms, focus on design, research, promotional and consulting services, expand in emerging markets, continue to focus on developed markets, focus on expanding hybrid and global distribution networks, focus on tiered pricing and value justification, focus on thought leadership and targeted digital campaigns, focus on referral networks and client advocacy programs and focus on targeted engagement of decision-makers and influencers.
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The global professional services market reached a value of nearly $6.07 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 4.85% since 2019. The market is expected to grow from $6.07 trillion in 2024 to $7.89 trillion in 2029 at a rate of 5.39%. The market is then expected to grow at a CAGR of 6.11% from 2029 and reach $10.61 trillion in 2034.
Growth in the historic period resulted from the growth of small and medium enterprises, increase in globalization and outsourcing, rising focus on digitizing business processes and rise of legal and compliance risks. Factors that negatively affected growth in the historic period were increasing penetration of DIY tools and privacy and security issues.
Going forward, the favorable government support, Expansion of IT services, growth of banking and insurance sectors and rise in workforce upskilling will drive the growth. Factor that could hinder the growth of the professional services market in the future include shortage of skilled workers, high competition and impact of trade war and tariffs.
North America was the largest region in the professional services market, accounting for 41.48% or $2.51 trillion of the total in 2024. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the professional services market will be Middle East and Africa where growth will be at CAGRs of 10.28% and 9.87% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 6.77% and 6.11% respectively.
The global professional services market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 5.61% of the total market in 2023. Deloitte Touche Tohmatsu Limited. was the largest competitor with a 1.16% share of the market, followed by PricewaterhouseCoopers LLP (PwC) with 0.92%, Ernst & Young Global Limited (EY) with 0.85%, KPMG International Limited with 0.62%, Accenture plc with 0.58%, International Business Machine corp. with 0.36%, AECOM with 0.31%, WPP plc with 0.29%, Publicis Groupe with 0.28% and McKinsey & Company with 0.23%.
The professional services market is segmented by type into design, research, promotional and consulting services, legal services, accounting services and all other professional, scientific and technical services. The design, research, promotional and consulting services market was the largest segment of the professional services market segmented by type, accounting for 74.25% or $4.5 trillion of the total in 2024. Going forward, the design, research, promotional and consulting services segment is expected to be the fastest growing segment in the professional services market segmented by type, at a CAGR of 5.61% during 2024-2029.
The professional services market is segmented by service provider into large enterprise and small and medium enterprise. The large enterprise market was the largest segment of the professional services market segmented by service provider, accounting for 68.87% or $4.18 trillion of the total in 2024. Going forward, the small and medium enterprise segment is expected to be the fastest growing segment in the professional services market segmented by service provider, at a CAGR of 6.07% during 2024-2029.
The professional services market is segmented by mode into online, offline and hybrid. The hybrid market was the largest segment of the professional services market segmented by mode, accounting for 50.20% or $3.04 trillion of the total in 2024. Going forward, the hybrid segment is expected to be the fastest growing segment in the professional services market segmented by mode, at a CAGR of 6.45% during 2024-2029.
The top opportunities in the professional services markets segmented by type will arise in the design, research, promotional and consulting services segment, which will gain $1.41 trillion of global annual sales by 2029. The top opportunities in the professional services markets segmented by service provider will arise in the large enterprise segment, which will gain $1.17 trillion of global annual sales by 2029. The top opportunities in the professional services markets segmented by mode will arise in the hybrid segment, which will gain $1.11 trillion of global annual sales by 2029. The professional services market size will gain the most in the USA at $503.9 million.
Market-trend-based strategies for the professional services market include developing AI-powered professional services, developing innovative solutions, such as cloud-based platforms, to improve operational efficiency, enhance data accessibility, developing technologically advanced solutions such as digital legal platforms and developing new products such as Qualtrics platforms to meet larger customer bases.
Player-adopted strategies in the professional services market include focus on expanding its manufacturing capabilities through innovation and strategic investment.
To take advantage of the opportunities, the analyst recommends the professional services market companies to focus on scaling ai-driven service offerings, focus on cloud-based service innovation for SMEs, focus on digital legal platforms to enhance service delivery, focus on AI-driven experience management platforms, focus on design, research, promotional and consulting services, expand in emerging markets, continue to focus on developed markets, focus on expanding hybrid and global distribution networks, focus on tiered pricing and value justification, focus on thought leadership and targeted digital campaigns, focus on referral networks and client advocacy programs and focus on targeted engagement of decision-makers and influencers.
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Table of Contents
1. Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Product/Service Analysis - Product/Service Examples
8. Supply Chain Analysis
9. Customer Information
10. Major Market Trends
11. Global Professional Services Market Size And Growth
12. Professional Services Market, Regional Analysis
13. Global Market Segmentation
15. Asia-Pacific Market
16. Western Europe Market
17. Eastern Europe Market
18. North America Market
19. South America Market
20. Middle East Market
21. Africa Market
23. Company Profiles
24. Key Mergers and Acquisitions
25. Opportunities And Strategies
26. Professional Services Market, Conclusions And Recommendations
27. Appendix
Executive Summary
Professional Services Global Market Opportunities and Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global professional services market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for professional services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The professional services market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider professional services market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by service provider and by mode.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by service provider and by mode in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for professional services providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Type: Design, Research, Promotional and Consulting Services; Legal Services; Accounting Services; All Other Professional, Scientific and Technical Services2) By Service Provider: Large Enterprise; Small and Medium Enterprise
3) By Mode: Online; Offline; Hybrid
Companies Mentioned: Deloitte Touche Tohmatsu Limited; PricewaterhouseCoopers LLP (PwC); Ernst & Young Global Limited (EY); KPMG International Limited; Accenture plc
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; professional services indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Professional Services market report include:- Deloitte Touche Tohmatsu Limited
- PricewaterhouseCoopers LLP (PwC)
- Ernst & Young Global Limited (EY)
- KPMG International Limited
- Accenture plc
- International Business Machine corp.
- AECOM
- WPP plc
- Publicis Groupe
- McKinsey & Company
- Bain & Company
- King & Wood Mallesons
- Tata Consultancy Services (TCS)
- Infosys
- Wipro
- Mori Hamada & Matsumoto
- Samsung SDS
- FUJIFILM Business Innovation
- Tech Data
- Egis
- Inceptra LLC
- Albert Inc
- Dow Jones
- Beijing Dentsu Advertising Co Ltd
- DeHeng Law Offices
- Enviro Analysts & Engineers Private Limited
- Swan Environmental Private Limited
- FCB Ulka
- Dentsu
- Herbert Smith Freehills
- Grant Thornton
- Management Consultants
- Aurexia
- Sopra Steria
- Amec Foster Wheeler
- Serviceplan And Bbdo
- Carat France
- Lince Consulting
- Finexpertiza
- Cleary Gottlieb Steen & Hamilton Llp
- Akin Gump Strauss Hauer & Feld Llp
- Allen & Overy
- Cms
- Moscow Consulting Group
- Omnicom Group
- Interpublic Group
- Kimley-Horn
- Cooley
- Slalom
- Picco Accounting
- Charles Ghadban Accounting
- Finexpertiza Global
- Akin Gump Strauss Hauer & Feld
- Jacobs Solutions Inc
- Servicenow
- Salesforce Inc
- Presidio Holdings
- Palo Alto Networks, Inc.
- Oracle Corporation
- Marsh & Mclennan Companies, Inc
- Magnetude Consulting
- Gartner, Inc
- Cloudera
- Cisco Systems, Inc.
- CGI Inc.
- B Line Events, Inc.
- Amazon Web Services, Inc.
- Automatic Data Processing, Inc
- Booz Allen Hamilton
- Rackspace Technology
- Vmware LLC
- Workday, Inc.
- Unity Technologies
- SIS International Research
- Acumatica
- Rsm International
- Baker Tilly International
- Crowe Global
- Bdo Global
- Aon Consulting
- Alvarez & Marsal
- Microsoft Corporation
- Stefanini It Solutions
- Sonda S.A
- Baker Mckenzie
- Abdulaziz Alajlan And Partners
- Boston Consulting Group
- Nehlsen Middle East Environmental Consultancy
- A.T. Kearney
- Oliver Wyman And Strategy
- International Gulf Engineering Consultancy Bureau LLC
- BCG
- Tata Consultancy Services
- Edge Evolve
- PricewaterhouseCoopers
- Mazars
- Crowe
- BDO
- Business Connexion
- Africa International Advisors
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 580 |
| Published | September 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 6.07 Trillion |
| Forecasted Market Value ( USD | $ 10.61 Trillion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 101 |
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