The Asia Pacific Professional Services Automation Market would witness market growth of 12.7% CAGR during the forecast period (2022-2028).
Business success depends on efficient project management since it makes sure that teams are focused on the right goals. Using an IT PSA program can improve execution and monitoring efficiency by streamlining processes and operations. Professionals may better organize their time and increase their productivity across projects with the help of the essential tools offered by PSA software solutions.
For these solutions to be effortlessly integrated, it is crucial to go through the key components pertinent to organizations that provide professional services. An IT PSA program should offer safe data extraction, storage, and analysis features because they are essential to project success. These features are essential to safeguard confidential project information and to make sure that stakeholder groups can easily share project insights.
In addition, agile project execution requires capabilities like version control, data sharing mapping, access management, and other pertinent characteristics, all of which are essential. Collaboration is essential for successfully completing creative projects, so professional services automation software should include the appropriate capabilities to facilitate communication. For example, to ensure that everyone in the team is on the same page with the project's main goals, use tools like team chat, resource mapping, update tracking, and utilization charts.
The BFSI industry uses services automation extensively since it scales up the automation of transactional processes like processing invoices, data input, reporting, credit collection, cash collection, vendor payment, and many other duties. Numerous Fintech companies are developing blockchain-based accounts re-automation solutions to improve their accounts receivable cycle. For example, Singapore-based FinTech Global Direct recently unveiled a blockchain platform designed to alleviate the difficulties associated with processing international B2B transactions, which takes six days on average. This platform is developed to support a product package that includes payment gateways for alternative currencies, rewards management, and ticketing for tour operators. In Asia Pacific, this is driving the expansion of professional services automation software.
The China market dominated the Asia Pacific Professional Services Automation Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,660.6 million by 2028. The Japan market is estimated to grow a CAGR of 12% during (2022 - 2028). Additionally, The India market would experience a CAGR of 13.4% during (2022 - 2028).
Based on Application, the market is segmented into Technology Companies, Consulting Firms, Marketing & Communication Firms and Others. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise. Based on Solutions, the market is segmented into Project Management, Business Analytics, Timesheet & Expense Management, Resource Management, Billing & Invoice Management and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Professional Services Automation Software Market is Projected to reach USD 20.8 Billion by 2028, at a CAGR of 11.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BMC Software, Inc. (KKR & Co., Inc.), Deltek, Inc. (Roper Technologies, Inc.), Microsoft Corporation, Oracle Corporation, Atlassian Corporation PLC, SAP SE, Projector PSA, Inc. (BigTime Software, Inc.), Planview, Inc. (Changepoint), Datto, Inc. (Autotask) (Kaseya Limited), and Upland Software, Inc. (Tenrox).
By Application
By Deployment
By Enterprise Size
By Solutions
By Country
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