Professional Services Automation Software Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to professional services automation software market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Professional Services Automation Software Market News

  • March 2023: Autotask Corporation announced the launch of its new PSA software platform, Autotask PSA 2023. The platform features a number of new enhancements, including a new user interface, improved project management capabilities, and enhanced reporting and analytics.
  • April 2023: Microsoft Corporation announced the acquisition of Projector PSA, a cloud-based PSA software company. The acquisition is expected to strengthen Microsoft's position in the PSA software market and help the company to expand its offerings to professional services organizations of all sizes.
  • May 2023: Kimble Applications announced the launch of its new PSA software solution, Kimble PSA Cloud. The solution is designed to help professional services organizations to automate their core business processes, improve their visibility into project performance, and make better decisions.
  • June 2023: SAP SE announced the launch of its new PSA software solution, SAP Cloud for Professional Services. The solution is designed to help professional services organizations to digitize their business processes, improve their customer experience, and boost their profitability.
  • July 2023: BigTime Software acquired Projector PSA, a cloud-based PSA software company. The acquisition will help BigTime Software to expand its portfolio with practice management functionality that helps professional service.

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Global Professional Services Automation Software Market size was valued at USD 11.86 billion in 2023 and is poised to grow from USD 13.25 billion in 2024 to USD 32.1 billion by 2032, growing at a CAGR of 11.7% during the forecast period (2025-2032).

The aggressive panorama within the Professional Services Automation (PSA) Software Market is pretty dynamic and characterised by using numerous players vying for marketplace proportion. These organizations are engaged in fierce opposition, by and large pushed by using innovation and the pursuit of offering complete answers that cater to the various needs of expert offerings corporations. 'Microsoft Corporation (USA) ', 'SAP SE (Germany) ', 'Oracle Corporation (USA) ', 'Autotask Corporation (USA) ', 'NetSuite OpenAir (USA) ', 'Changepoint Corporation (Canada) ', 'ConnectWise Inc. (USA) ', 'Mavenlink, Inc. (USA) ', 'Upland Software (USA) ', 'Project Open Business Solutions S.L (Spain) ', 'Kaseya Limited (USA) ', 'FinancialForce (USA) ', 'Kimble Applications (UK) ', 'Workday, Inc. (USA) ', 'ServiceNow, Inc. (USA) ', 'Atlassian Corporation Plc (Australia)'

A major driver for the Professional Services Automation (PSA) Software Market is the ongoing digital transformation across industries. Organizations are increasingly adopting PSA solutions to streamline their operations, enhance collaboration, and gain real-time insights into project performance. As businesses strive to remain competitive in the digital age, the demand for PSA software continues to surge.

Artificial Intelligence (AI) Integration : One major key trend in the Professional Services Automation (PSA) Software Market is the increasing integration of artificial intelligence (AI) and machine learning capabilities. PSA software providers are incorporating AI-driven features such as predictive analytics, resource optimization, and automated reporting to enhance decision-making processes and improve overall efficiency. This trend reflects the industry's commitment to harnessing advanced technologies to deliver more intelligent and data-driven solutions, empowering professional services firms to better manage projects and resources.

North America currently dominates the Professional Services Automation (PSA) Software Market. This can be attributed to the region's mature technology landscape, a high concentration of professional services firms, and a strong emphasis on technological innovation and business optimization. The presence of major PSA software vendors and a well-established customer base in North America contributes to its market leadership.

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Global Professional Services Automation Software Market
Professional Services Automation Software Market

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