With companies focusing on core
business operations, automated billing systems are widely being used to
minimize billing errors and reduce costs. Automated systems generate and send
electronic copies of the invoices directly to customers. Automated billing systems enable tracking of
unpaid bills, automate payment reminders and recurring invoices, manage
discounts and coupons, and creation of customized invoices. These systems also
generate real time reports on sales, orders, budgets that help track business
performance. Some of the popular
automated billing systems include Zoho Invoice, QuickBooks, Invoice2go and
Intacct.
THE BUSINESS RESEARCH COMPANY
EXPECTS THE GLOBAL SERVICES MARKET TO GROW TO $15.5 TRILLION BY 2021
Asia Pacific was the largest
region in the services market in 2017, accounting for almost one-third of the
market share.
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The chart below shows the
year-on-year growth of the global services market during 2017-2021
According to The Business Research
Company’s Consultant, Nitin Gianchandani, crowdfunding is rapidly becoming one
of the most popular modes for individuals and businesses to raise money for a
cause, project, or event. It is a process of raising capital through a large
number of independent investors primarily via crowdfunding platforms and social
networking websites. Crowdfunding
includes funds raised through donation websites, online charity auctions, and
giving by text.
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CBRE Group was the
largest player in the services market in 2017, with revenues of $13.1 billion
for the financial year 2016. CBRE group’s growth strategy is to maintain
its market position through acquisitions. For instance, in June 2017, the
company signed a definitive agreement to acquire a majority interest in Caledon
Capital Management Inc. (a Canada based investment management company). An important part of the strategy for its
Global Investment Management business, involves co-investing capital in certain
real estate investments with its clients.
The services market is segmented
into Commercial Services, Real Estate, Leasing, Civic Services, and Personal
Services.
Commercial Services are individuals or businesses that perform
support activities for the day-to-day operations of other businesses or
organizations.
Real Estate are individuals or businesses that arrange selling,
renting or managing properties and other buildings for a fee. They are mainly
engaged in the marketing of property which is available for sale or rent or in
the management and upkeep of properties on behalf of their owners or tenants.
Leasing provides the use of a wide range of tangible goods such as
consumer goods, industrial machinery and equipment, automobiles and others to
customers in return for a periodic rental or lease payment.
Civic Services operate religious, social, and professional
organizations. These establishments also offer other civic and recreational
services to their members.
Personal Services provide personal services such as equipment and
machinery repairing, personal and household goods repair and maintenance, dry
cleaning and laundry, beauty and personal care services, pet care services,
death care services, photofinishing services and domestic services such as
domestic cleaning and cooking.
Services Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $8000 for an individual user. To use across your office, the price is
$12000 and $16000 if you wish to use across a multinational company.
About
The Business Research Company
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
Contact Information.
The
Business Research Company
Europe:
+44 207 1930 708
Asia:
+91 8897263534
Americas:
+1 315 623 0293
Email:
info@tbrc.info
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