The North America Professional Services Automation Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
The Canadian government launched the Canada Digital Adoption Program (CDAP) in March 2022 to help small and medium-sized businesses (SMEs) adopt digital technologies. Microgrants will be given to SMEs as part of this program to help with expenses associated with their online store, like social media marketing, website building, as well as other automated web tasks. Expanding their customer base is a top priority for market participants like Microsoft Corporation, ProductDossier Solutions, and NetSuite OpenAir.
For instance, ProductDossier Solutions said in March 2022 that it had agreed with numerous businesses to use TouchBase, a signature professional services automation platform. Tiger Analytics, Hical Technologies, Aujas Cyber Security, and Tata Communications are a few of the company's latest clients. Due to the complexity of managing individuals and resources across various projects, current programs cannot handle manual tasks. PSA system automates these processes while providing the flexibility to scale as necessary.
The US and Canada, the two advanced economies in the region, have built IT infrastructure facilities and are investing in new technology. Due to major market participants offering professional service automation products and services, like Microsoft Corporation, FinancialForce.com, Autotask Corporation, etc., the US is a sizable shareholder in this region. In the United States, a significant portion of invoices is paid after the due date, according to the insurance company Atradius. In addition, most customers put off paying. As a result, accounts receivable software is crucial for automated invoicing. To automate or streamline their business processes, companies in the US and Canada are expected to deploy professional services automation solutions. All the aforementioned factors are promoting the growth of the market.
The US market dominated the North America 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 $5,845.2 million by 2028. The Canada market is poised to grow at a CAGR of 13.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Professional Services Automation Software Market is Estimated to reach $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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