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PSA software market analysis till 2022 explored in latest research

This report studies the PSA Software market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the PSA Software market by product type and applications/end industries.

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PSA software is used to standardize business processes and provide reports, insights, and control for resources and projects. The value of such systems is to enable critical information to be analyzed and shared across organizations for more insightful and timely decision-making.

Increasing advancements in functionalities of the solution are anticipated to boost industry growth over the next Five years.

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The global PSA (professional services automation)) Software market is expected to reach 13.14 billion USD by the end of 2022. 

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North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of PSA Software.
Europe also play important roles in global market, with market size of xx million USD in 2016 and will be xx million USD in 2022, with a CAGR of XX. 
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
The major players in global market include Autotask, ConnectWise, Accelo, Atera, HarmonyPSA, Tigerpaw Software, Promys, Appirio, ChangePoint, FinancialForce.com, NetSuite OpenAir, Projector PSA, Tenrox, Compuware Corporation, Clarizen and Deltek.

Increasing needs to improve operational efficiency among professional service firms are expected to propel the market over the forecast period. The companies have been focusing on optimally aligning resources while profitably delivering projects on time.

PSA tools offer benefits such as optimized staffing, improved collaboration, and automated time & expense. Effective use of professional services automation tools can help organizations improve productivity, operational efficiency, financial margins, and billable utilization.

PSA software improves project management and resource management by increasing efficiency through increased collaboration and personnel utilization, better planning, and integrated knowledge management. The software also provides standardized reports, which help management in making key business decisions.

Cloud technology is becoming popular among cost-sensitive customers and small & medium enterprises. Increasing ubiquitous computing owing to smart phone penetration and better internet infrastructure is expected to drive the PSA mobile application over the next Five years.

Support for a variety of mobile platforms such as Android and iOS has become a basic requirement of the software. Cloud-based solutions offer benefits such as economies of scale, disaster recovery, effective monitoring of projects, and reduced technology infrastructure cost.

Increased concern for data privacy of cloud-based solutions is anticipated to hinder its growth over the forecast period.

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