a person driving a lawn mower

Winter 2022 | M&A Report In The Business Services Industry Sector

By Brad Purifoy

March 14, 2022

The report below gives a good overview of the Winter 2022 M&A activity in the Business Services Industry Sector. The companies in the Business and Professional services industry are identifying various opportunities amid the numerous challenges including work location arrangements, new legislation, labor issues or marketplace circumstances. The services market is forecasted to be $1.1 trillion in 2021 as per report published by International Data Corporation. The global Advertising, Public Relations, and Related Services market is forecasted to increase from $781.4 billion in 2021 to $857.79 billion in 2022 growing at a CAGR of 9.8%, as per report published by ReportLinker. The market is expected to reach $1,195.9 billion in 2026 growing at a CAGR of 8.7%, as per the same report. The increase in the size of the market is primarily due to companies reorganizing their operations and recovering from the impact of COVID-19. The Professional Services market is expected to grow from $6,040.9 billion in 2021 to $6,697.6 billion in 2022 progressing at a CAGR of 10.9% as per research published by Reportlinker. The market is estimated to reach $9,651.8 billion by 2026, as per the same report. The labor shortage in commercial and industrial services is driving organizations to invest in technology. It will ultimately help the companies to manage its workforce, monitor, and measure employees. Furthermore, as new workplace routines emerge and COVID-19 mitigation strategies evolve, workforce solutions companies are responding creatively and efficiently to their clients' needs by broadening their solution offerings in line with shifting workforce objectives.

Posted by Brad Purifoy.

Read the Entire Winter 2022 Business Services Report Here