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Professional Services Top Trending Markets – By The Business Research Company

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The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, Sept. 11, 2023 /PRNewswire/ — As per The Business Research Company’s analysis, the global professional services market is poised for significant expansion, with projections indicating robust growth. It is anticipated that the market will increase in size from $7,770.09 billion in 2027, with a commendable compound annual growth rate (CAGR) of 5.0%. This remarkable growth trajectory is underpinned by the expectation of stable economic growth in numerous developed and developing countries, which in turn fuels the demand for a wide array of professional services.

In this dynamic and competitive landscape, staying informed and making strategic decisions is crucial for businesses in the professional services industry. The Business Research Company (TBRC) offers invaluable support to businesses through its comprehensive reports.

By leveraging TBRC’s reports, businesses can make informed choices, identify potential areas for expansion, and navigate the evolving market landscape successfully, ensuring sustained growth and competitiveness in the industry.

View The Business Research Company’s top eleven market reports in the professional services industry:

  1. Electronic Contract Manufacturing and Design Services Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/electronic-contract-manufacturing-and-design-services-global-market-report
    The global market for electronic contract manufacturing and design services is projected to reach $732.34 billion by 2027, experiencing a compound annual growth rate (CAGR) of 11.3%. This substantial growth is primarily driven by the heightened demand for consumer electronics, which is making a significant contribution to the expansion of the electronic contract manufacturing and design services market.
  2. Field Service Management Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/field-service-management-global-market-report
    A prominent trend gaining traction in the field service management market is the growing accessibility of Software as a Service (SaaS) solutions, complemented by their value-added features. SaaS, short for Software as a Service, represents a software distribution model where cloud providers host applications for convenient access by end-users. The appeal of SaaS solutions lies in their ease of access, rapid setup, and adaptability to specific requirements. Within the field service management sector, SaaS solutions find extensive use for efficiently monitoring and overseeing resources.
  3. Fleet Management Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/fleet-management-global-market-report
    The adoption of Internet of Things (IoT) technology in fleet management is a prominent trend that is rapidly gaining traction in the market. IoT refers to a system comprising interconnected digital and mechanical devices, objects, and computing equipment capable of transmitting data across a network without the need for human-to-human interaction. Businesses are increasingly emphasizing the integration of IoT within fleet management to automate a range of processes and streamline trip planning.
  4. Healthcare Workforce Management System Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/healthcare-workforce-management-system-global-market-report
    The healthcare workforce management system market is witnessing a significant trend centered around the development and integration of cutting-edge technologies. The progress of technologies like Cloud computing, the Internet of Things (IoT), and Artificial Intelligence (AI) is notably enhancing the overall customer experience across diverse applications within the healthcare sector.
  5. Home Decor Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/home-decor-global-market-report
    The home decor market is projected to expand to $788.47 billion by 2027, with a compound annual growth rate (CAGR) of 3.6%. This growth is anticipated to be driven by the rising prevalence of smartphones and the growing adoption of e-commerce, which are expected to fuel the expansion of the home decor market in the foreseeable future.
  6. Log Management Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/log-management-global-market-report
    The log management market is poised to reach $4.2 billion by 2027, with a robust compound annual growth rate (CAGR) of 16.3%. This significant growth can be attributed to the increasing dependence on information technology and the substantial volume of log data being generated, which is driving the expansion of the log management market.
  7. Product Engineering Services Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/product-engineering-services-global-market-report
    The product engineering services market is forecasted to reach $1352.29 billion by 2027, exhibiting a noteworthy compound annual growth rate (CAGR) of 8.3%. This substantial growth is anticipated to be driven by the rising adoption of internet services, which is expected to fuel the expansion of the product engineering services market in the coming years.
  8. RF Components Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/rf-components-global-market-report
    The RF components market is poised to reach $58.36 billion by 2027, with a robust compound annual growth rate (CAGR) of 17.0%. This remarkable growth is primarily propelled by the increasing adoption of robots, which is driving rapid industrial automation and, in turn, fueling the expansion of the RF components market.
  9. Robo Advisory Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/robo-advisory-global-market-report
    The robo-advisory market is undergoing significant transformation due to advancements in technology. Innovations in areas like advanced analytics, artificial intelligence, and natural language processing are expected to greatly enhance the effectiveness of robo-advisory services. These technological strides are poised to empower robo-advisors to strengthen their value propositions and exert a more substantial influence throughout the value chain.
  10. Single-cell Analysis Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/single-cell-analysis-global-market-report
    The single-cell analysis market is projected to reach $5.62 billion by 2027, demonstrating a substantial compound annual growth rate (CAGR) of 14.4%. This notable growth is being driven by the increasing global emphasis on personalized medicine, which is making a significant contribution to the expansion of the single-cell analysis market.
  11. Engineering Research And Development (ER&D) Outsourcing Global Market Report 2023
    https://www.thebusinessresearchcompany.com/report/engineering-research-and-development-outsourcing-global-market-report
    The engineering research and development (ER&D) outsourcing market is anticipated to expand to $1,037.5 billion by 2027, with a remarkable compound annual growth rate (CAGR) of 24.3%. This substantial growth is primarily attributed to the increasing demand for outsourcing services, which is expected to be a key driver for the growth of the engineering research and development (ER&D) outsourcing market in the foreseeable future.

Interested to know more about The Business Research Company?

The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

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Network People Services Technologies Applauded by Frost & Sullivan for Providing Cutting-edge Digital Payment Technology and for Its Market-leading Position

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NPST’s innovative technology underscores its commitment to advancing digital payment adoption to meet diverse user needs, and its strategic adaptability establishes it as a pivotal player in India’s financial ecosystem.

SAN ANTONIO, Jan. 15, 2025 /PRNewswire/ — Frost & Sullivan recently researched the payment technology industry and, based on its findings, recognizes Network People Services Technologies Ltd. (NPST) with the 2024 Indian Company of the Year Award. 

Its core mission is to provide cutting-edge digital technology to all entities in the financial value chain, ensuring robust support at every stage of the payment process. The company provides banking solutions and payment processing infrastructure that interconnect financial entities within the broader banking and fintech sectors. 

Listed on the National Stock Exchange (NSE) SME platform, NPST has significantly shaped India’s digital payments landscape. Its solutions span digital banking, payment switching and processing, merchant acquiring, and RegTech offerings, catering to banks, payment aggregators, merchants, and TPAPs. 

With a forward-looking vision encapsulated in its NPST 2.0 strategy—Innovate, Transform, and Grow—the company is driving technological advancements in areas like fraud detection, real-time lending, and embedded payments, enabling transactions through ERP and smart devices such as vehicles, smartwatches, and meters. 

NPST is making significant investments in artificial intelligence (AI) and machine learning (ML) to enhance its payment solutions. NPST’s Risk Intelligence Decisioning Platform, a cutting-edge AI-driven operations engine, is supported by a comprehensive data lake that consolidates transaction data. This advanced system allows for the real-time identification of high-risk transactions and merchants. It includes tools designed to enhance compliance and mitigate fraud, such as a merchant trust score, a customer transaction score, and chargeback fraud prevention.  

Additionally, the company’s flagship EVOK 3.0 Payments Platform as a Service provides a comprehensive solution for aggregators, gateway providers, and merchants. Covering the entire payment life cycle—from transaction processing to risk management—EVOK 3.0 integrates AI and ML to offer advanced capabilities like multi-bank intelligent routing and predictive fraud intelligence, ensuring efficient management of high transaction volumes.  

Other groundbreaking innovations include: 

  • PayJoy:  Seamless access to real-time UPI credit in a country with low credit card penetration. 
  • Bill Direct:  Bill Aggregation engine for deeper penetration in payment collections. 
  • TimePay Cash:  Enabling cash withdrawals using QR codes at local stores. 
  • UPI Circle:  Expanded digital payment access through shared accounts.
  • Contextual Payments: Enhanced customer checkout experience.
  • UPI Lite Auto-Top Up: Automatically replenishing UPI Lite accounts, ensuring users have sufficient transaction funds.  

Rahul Agarwal, Associate director for growth advisory at Frost & Sullivan, observed, “NPST’s achievements, including pioneering online merchant dispute resolution in India and expanding its platform to offer value-added services like AI-powered fraud detection and real-time lending, set it apart in the industry. Its diversification into non-banking financial companies and third-party application providers highlights a well-rounded growth strategy.  

NPST consistently prioritizes customer experience, fostering long-term relationships and demonstrating its commitment to client satisfaction and growth. The company’s focus on exceptional service is reflected in the loyalty of some of its clients, with critical partnerships spanning over a decade.   

The company is also working to improve payment acceptance infrastructure via access to affordable devices, (QR and SoundBoxes) while integrating AI and ML capabilities to enhance, efficiency, and scalability. These investments support growing transaction volumes and help NPST maintain its competitive edge in facilitating wider digital payment adoption. The company’s emphasis on client relationships, digital literacy, and social responsibility underscores its role as a payment technology leader and its commitment to broader economic and social contributions.   

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The company’s financial performance reflects strong growth, with revenues increasing from INR 41 crore in fiscal year (FY) 2023 to INR 130 crore in FY 2024, and EBITDA rising from INR 12 crore to INR 43 crore during the same period. NPST’s strategic adaptability establishes it as a pivotal player in India’s financial ecosystem, drives economic growth, and promotes financial inclusion across the country.  

NPST’s advances towards international expansion and transitions to the National Stock Exchange of India main board with emphasis on transparency, governance, and continual innovation, cementing its position as a leader in the global payment technology industry. The company’s exceptional performance, forward-thinking strategies, and commitment to customers and societal impact make it a deserving recipient in India’s payment technology sector,” added Norazah Bachok, best practices research analyst at Frost & Sullivan. With its strong overall performance, NPST earns Frost & Sullivan’s 2024 India Company of the Year Award in the payment technology industry.” 

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration. 

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.  

About Frost & Sullivan 

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion

Contact: Tarini Singh 
E: [email protected] 

About NPST
Founded in 2013, NPST is a PayTech firm listed on the NSE Small and Medium Exchange. A leader in digital banking and payment processing solutions, NPST is dedicated to advancing the digital payments ecosystem by delivering cutting-edge technology solutions to banks, fintechs, and other industry players. The company’s offerings include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and compliance technology.

NPST’s mission is to drive the growth of businesses, individuals, communities, and economies. With over 100 clients and processing more than 60 million transactions daily, NPST continues to make a significant impact on the digital payments ecosystem. To learn more about NPST and its award-winning solutions, please visit www.npstx.com

Contact: Vanita D’souza
E: [email protected]

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Blocks & Headlines: Today in Blockchain (

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Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.

Sony Ventures Into Blockchain With New Identity Solutions

Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.

Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.

Source: Sony Press Release


TRON’s Daily Revenue Skyrockets 119% in 2024

TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.

This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.

Source: Bitcoin.com


MIGMIG Partners With XT.com to Bring Blockchain Rewards

MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.

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The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.

Source: Bitcoinist


Nano Labs Supports the Inaugural Presidential Crypto Ball

Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.

The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.

Source: PR Newswire


Bybit Card Partners With EnTravel for Luxury Travel Perks

Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.

The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.

Source: PR Newswire


Key Insights and Industry Trends

  1. Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
  2. Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
  3. Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
  4. Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
  5. Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.

 

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REALTY ONE GROUP IS THE NO. 1 REAL ESTATE BRAND FOR THE FOURTH YEAR IN A ROW

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While Others Decline, the UNBrokerage is Again Named to Entrepreneur’s Prestigious Franchise 500(R) List For its Explosive Growth and Viability

LAGUNA NIGUEL, Calif., Jan. 14, 2025 /PRNewswire/ — Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest-growing franchisors in the world, is the No. 1 real estate brand for the fourth year in a row on Entrepreneur’s highly-competitive 2025 Franchise 500® list, just as the global franchisor celebrates its 20th anniversary this year.

This is the ninth year that Realty ONE Group has made the list, continuing to climb the rankings every year, with its closest real estate competitor now nearly 20 positions behind.

Claiming the No. ONE spot on this widely-esteemed list, for the fourth consecutive year, further fuels the momentum we’re bringing into 2025 and our 20th anniversary,said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. “And every year, as a result of testimonials like this and from our own raving fans around the world, real estate professionals and entrepreneurs come to us looking to share in the success and be a part of something special and UNique in this industry.”

Entrepreneur named Realty ONE Group International to the list for its network growth, financial strength, and brand power and said in a press release that… “The Franchise 500 is more than a list. It’s really a collection of life-changing opportunities, featuring strong and resilient brands that future franchisees will be proud to be a part of.”

The lifestyle brand continues to evolve all aspects of its full-service offerings, including its proprietary technology zONE, business coaching platforms, ONE University and all aspects of its 6C’s. The UNBrokerage as it is known in the industry has more than 20,000 real estate professionals in more than 450 offices in 49 states, Washington D.C., and 24 more countries, recently expanding into Bonaire and Curacao.

Learn more at www.OwnAOne.com.

About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 20,000 real estate professionals in over 450 locations across 24 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.

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