Market Revenue Professional Service Automation Software Market

Professional Service Automation Software Market List of Data
Sources, Abbreviations, Executive Summary Forecast 2014-2024
“Professional Service Automation Software Market size was valued at USD
6.65 billion in 2015 and is expected to reach USD 14.39 billion by 2024. PSA
solutions are used for refining operational visibility and process efficiency in
services and project-driven organizations.”
Industry Insights
The global Professional Service Automation (PSA) Software Market size was valued at USD 6.65 billion in 2015
and is expected to reach USD 14.39 billion by 2024. PSA solutions are used for refining operational visibility and
process efficiency in services and project-driven organizations. The PSA market is projected to witness huge
demand on account of changing the business model of enterprises over the forecast period.
Essential functions of PSA software characteristically comprises automated time & billing, project management
capabilities, and resource management. These systems additionally provide powerful and consistent
dashboards and reports offering management the crucial information they require making informed decisions.
Some of the other advantages of PSA systems include project usefulness, better client satisfaction, enhanced
estimating capability, as well as reduced revenue leakage. All the aforementioned advantages of PSA software
are expected to boost demand amongst the service companies over the next eight years.
Small and medium sized organizations bank on spreadsheets to capture expense, time and manage resources.
SMBs lay emphasis on solutions which facilitate streamline and automation processes. Businesses using
customary tools for commercial purposes, for instance, spreadsheets are likely to provide growth opportunities
over the forecast period.
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