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.
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).
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.
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).
Scope of the Study
Market Segments Covered in the Report:
By Application
- Technology Companies
- Consulting Firms
- Marketing & Communication Firms
- Others
By Deployment
- On-premise
- Cloud
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
By Solutions
- Project Management
- Business Analytics
- Timesheet & Expense Management
- Resource Management
- Billing & Invoice Management
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Upland Software, Inc. (Tenrox)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Professional Services Automation Software Market, by Application
1.4.2 North America Professional Services Automation Software Market, by Deployment
1.4.3 North America Professional Services Automation Software Market, by Enterprise Size
1.4.4 North America Professional Services Automation Software Market, by Solutions
1.4.5 North America Professional Services Automation Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Professional Services Automation Software Market by Application
3.1 North America Technology Companies Market by Country
3.2 North America Consulting Firms Market by Country
3.3 North America Marketing & Communication Firms Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Professional Services Automation Software Market by Deployment
4.1 North America On-premise Market by Country
4.2 North America Cloud Market by Country
Chapter 5. North America Professional Services Automation Software Market by Enterprise Size
5.1 North America Large Enterprise Market by Country
5.2 North America Small & Medium Enterprise Market by Country
Chapter 6. North America Professional Services Automation Software Market by Solutions
6.1 North America Project Management Market by Country
6.2 North America Business Analytics Market by Country
6.3 North America Timesheet & Expense Management Market by Country
6.4 North America Resource Management Market by Country
6.5 North America Billing & Invoice Management Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Professional Services Automation Software Market by Country
7.1 US Professional Services Automation Software Market
7.1.1 US Professional Services Automation Software Market by Application
7.1.2 US Professional Services Automation Software Market by Deployment
7.1.3 US Professional Services Automation Software Market by Enterprise Size
7.1.4 US Professional Services Automation Software Market by Solutions
7.2 Canada Professional Services Automation Software Market
7.2.1 Canada Professional Services Automation Software Market by Application
7.2.2 Canada Professional Services Automation Software Market by Deployment
7.2.3 Canada Professional Services Automation Software Market by Enterprise Size
7.2.4 Canada Professional Services Automation Software Market by Solutions
7.3 Mexico Professional Services Automation Software Market
7.3.1 Mexico Professional Services Automation Software Market by Application
7.3.2 Mexico Professional Services Automation Software Market by Deployment
7.3.3 Mexico Professional Services Automation Software Market by Enterprise Size
7.3.4 Mexico Professional Services Automation Software Market by Solutions
7.4 Rest of North America Professional Services Automation Software Market
7.4.1 Rest of North America Professional Services Automation Software Market by Application
7.4.2 Rest of North America Professional Services Automation Software Market by Deployment
7.4.3 Rest of North America Professional Services Automation Software Market by Enterprise Size
7.4.4 Rest of North America Professional Services Automation Software Market by Solutions
Chapter 8. Company Profiles
8.1 Atlassian Corporation PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 SAP SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Microsoft Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 Oracle Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 BMC Software, Inc. (KKR & Co., Inc.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.6 Deltek, Inc. (Roper Technologies, Inc.)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.7 Upland Software, Inc. (Tenrox)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.8 Projector PSA, Inc. (BigTime Software, Inc.)
8.8.1 Company Overview
8.9 Planview, Inc. (Changepoint)
8.9.1 Company Overview
8.10. Datto, Inc. (Autotask) (Kaseya Limited)
8.10.1 Company Overview
Companies Mentioned
- 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)
- Upland Software, Inc. (Tenrox)
Methodology
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