This analysis explores the trends in the business services industry, assessing its performance in major global economies. It covers essential data such as production metrics, market size, import and export figures, industry expenses, profitability and the count of active enterprises. Moreover, it presents an extensive overview of the industry and market, allowing for comparative insights with similar sectors across various countries in the designated region.
This report comes in PPT.
The rapid pace of digitalisation is poised to notably influence the business services sector, enhancing efficiency and elevating standards. Essential for delivering tailored business solutions and maintaining a competitive edge, comprehensive data analysis will become imperative. Leveraging artificial intelligence, specifically machine learning, will streamline operations, automate backend functions and facilitate instantaneous data analysis.
In 2022, global economic development faced new challenges emphasising defence, security research, innovation and emerging technologies such as cybersecurity and sustainable initiatives. In response to these global challenges, the EU plans to allocate EUR95.5 billion for research and innovation until 2027 through the Horizon Europe EU funding programme.
Medium-term improvements in labour market conditions are anticipated; however, the recovery may vary significantly among countries due to substantial differences in fiscal capacity for stimulating economic growth. With businesses facing challenges in filling open positions, the demand for recruitment agencies' services is rapidly expanding.
Amid global economic slowdown in 2022, the business services sector is bracing for a potential recession. Companies within this industry are intensifying their focus on profit generation and adopting cost-containment strategies. The looming possibility of an economic downturn has prompted these businesses to prioritise financial stability.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!