New Jersey, NJ -- (SBWire) -- 02/07/2019 --Professional services automation software are designed to help professionals and used in various operations such as project management, time tracking, business intelligence and in collaboration tools used by many project teams. These software are mostly used by lawyers, auditors, IT consultants and others. These software ensures proper estimation of planning, managing and it measures the performance of each project throughout its life-cycle.

Major Key Players in This Report Include,
Autotask [United States], ConnectWise [United States], Accelo [United States], Atera [United States], HarmonyPSA [United Kingdom], Tigerpaw Software [United States], Promys [North America], Appirio [United States], ChangePoint [United States], FinancialForce.com [United States], NetSuite OpenAir [United States], Projector PSA [United States], Tenrox [United States], Compuware Corporation [United States], Clarizen [United States], Deltek [United States]

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The global professional services automation (PSA) software market is driven by increase in demand due to availability of PSA solutions with an improved set of functionalities. Moreover, growth in need to improve operational efficiency among professional service firms is expected to propel the market growth. However, shortage of knowledgeable and experienced resources and robust market environments hinders this growth. In addition, owing to increase in complexity, need for automating these tasks is expected to rise, thus posing a challenge of maintaining throughput, business quality, and effectiveness. Furthermore, continuous rising popularity of PSA software due to its numerous benefits in terms of flexibility, reduced infrastructure development costs, disaster recovery, and increased collaboration present major opportunities for this market.

PSA software are subjected to data breach and stringent regulations are in place to protect the same regulatory bodies such as General Data Protection Regulation (EU) and the Privacy Shield (USA). As per GDPR, Controllers of personal data must put in place appropriate technical and organisational measures to implement the data protection principles. Business processes that handle personal data must be designed and built with consideration of the principles and provide safeguards to protect data.

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Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Ability to Manage the Projects With Ease
3.2.2. Helps in Making More Informed Decision
3.3. Market Challenges
3.3.1. Low Budget of Small and Medium Industries
3.3.2. Lowering the Cost of Homegrown Solution
3.4. Market Trends
3.4.1. Growing Adoption in Legal and Architectural Firm
3.4.2. Cloud Technology is Gaining Traction Owing Cost Effective Solution it Offers
3.4.3. New Features Enabled Software Use in Pharmacy Management System
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
5. Global PSA Software, by Type, Application and Region (value) (2012-2017)

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