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(I-SoftwareNews.Com, March 27, 2018 ) The Global Professional Service Automation (PSA) Software Market was valued at USD 7.41 billion in 2016 and is projected to reach USD 17.80 billion by 2025, growing at a CAGR of 10.23% from 2017 to 2025.
Professional services automation (PSA) is a software product designed to assist professionals, such as IT consultants, auditors, lawyers, and others, with resource management and project management for client projects. Core functions of PSA include automated time & billing, project management capabilities, invoice management, resource allocation, expense management, and others. It also offers powerful and consistent reports and dashboards, which provide management key information to make insightful decisions.
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The major players in the market are as follows:
1. ConnectWise, Inc.
2. Projector PSA, Inc
3. FinancialForce.com
4. NetSuite OpenAir
5. Tenrox
6. Microsoft Corporation
7. Oracle Corporation
8. Appirio
9. Autotask Corporation
10. Changepoint Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Dynamics:
1. Market Drivers
1.1 Growing Demand of PSA Solutions
1.2 Need to improve Operational Efficiency
2. Market Restraints
2.1 Shortage of knowledgeable and experienced resources
2.2 Robust market environments
Market Segmentation:
The Global Professional Service Automation (PSA) Software Market is segmented on the application, deployment model, and region.
1. By Application:
1.1 Technology Companies
1.2 Marketing & Communication
1.3 Consulting Firms
1.4 Others
2. By Deployment Model:
2.1 Cloud-based
2.2 On-premise
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
Key Market Insights
sambit kumar
8007533694
sambit.kumar@kminsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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