The global services market is expected to grow at a compound annual growth rate (CAGR) of 0.8% from 2021. The services market consists of the sales of services and related goods earned by entities (organizations, sole traders and partnerships) that provide services. Software solutions are the backbone of the success of these industries.
The mobility strategy advancements and proliferation of data and the sophistication of analytical tools has enabled service companies to add more to their services. Descriptive and predictive analytics have become critical for many service companies as they generate actionable data insights. The need for support software’s in this industry is continuously growing.