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Growth in Global Commercial Services Market Is 6.5% A Year

Global Services Market Segments

Global Services Market Segments

LONDON, GREATER LONDON, UK, December 7, 2017 /EINPresswire.com/ -- Growth in the global market for commercial services is speeding up, according to research by The Business Research Company. Increasing at 5.25% a year to 2016, it has accelerated to 6.5%, a rate that is forecast to continue to 2020. In that year the market will be worth $5339 billion.
Commercial services is the largest segment of the general services market, which also includes real estate, leasing, civic and personal services but not professional or social services. The segment covers outsourced provision of office administration, employment-related services, travel arrangements, waste management, facilities support, business support, automotive repair, repair and maintenance of agricultural, heavy and industrial machinery and equipment, investigation and security services and buildings-related services. The main clients for these services are businesses and organizations.
The four biggest segments within commercial services are employment services, waste management and remediation, travel arrangement and reservation, and office administration services. Together these were worth $1764.3 billion in 2016, though they only make up under half of this diverse group of markets. Office administration services, which include billing and record keeping, financial planning, personnel, physical distribution and logistics is the fastest-growing segment, at 9.3% year on year, a rate which has accelerated from 5.7% before 2016. The trend to outsource and offshore these non-core functions to allow focus on the key areas of the business continues to support the office administration services segment.
North America and Western Europe are the largest markets for commercial services, worth over 60% of the global total between them. Growth, however, is another matter. At 11% year on year, South America’s is the fastest-growing market, while Asia Pacific, which will put on $203 billion of annual sales between 2016 and 2020, represents a significant challenge to developed markets growing at only 5% and 3.5% respectively.
Where to Learn More
Read Commercial Services Market Global Briefing 2017 from The Business Research Company for information on the following:
Markets Covered: Office Administrative Services, Employment Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Others
Companies Mentioned: Adecco Group, Randstad Holding, Manpower Inc., Waste Management Inc., ISS A/S, Sodexo
Geographic scope: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Market value in $ billions.
Data segmentations: Regional breakdowns, market share of competitors, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Interested to know more? Here is a full scope of Services reports to explore:
1. Services Market Global Briefing 2017 (https://www.thebusinessresearchcompany.com/our-research/services/services-market-global-briefing-2017/)
2. Civic Services Market Global Briefing 2017 (https://www.thebusinessresearchcompany.com/our-research/services/civic-services-market-global-briefing-2017/)
3. Real Estate Services Market Global Briefing 2017 (https://www.thebusinessresearchcompany.com/our-research/services/real-estate-market-global-briefing-2017/)
4. Leasing Market Global Briefing 2017 (https://www.thebusinessresearchcompany.com/our-research/services/leasing-market-global-briefing-2017/)
5. Commercial Services Market Global Briefing 2017 (https://www.thebusinessresearchcompany.com/our-research/services/commercial-services-market-global-briefing-2017/)
6. Personal Services Market Global Briefing 2017 (https://www.thebusinessresearchcompany.com/our-research/services/personal-services-market-global-briefing-2017/)

About The Business Research Company
Visit TheBusinesResearchCompany.com. The Business Research Company is a market research and intelligence company which excels in company, market and consumer research. It has research professionals at its office in the UK, India, and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology. The Business Research Company’s management have more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world’s largest organizations. The Business Research Company’s Consultant have master’s qualifications from top institutes and include MBAs, MSCs, CFAs and CAs. The Business Research Company’s Consultants gain training and qualifications from the market Research Society and are trained in advanced research practices, techniques, and ethics.

Oliver Guirdham
The Business Research Company
+44 744 3439350
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