Service Industries Market Reports, Trends, Market Size & Industry Analysis
The services sector includes delivery services, call assistance, consulting services, consumer complaints, and others, which are required more or less by every company. The growing number of consumers across the globe is bound to surge the demand for services in the upcoming years. According to the data by the World Bank, services attributed to 64.334% of the global gross domestic product (GDP) in 2019, up from 63.823% in 2018. Moreover, increasing evolution of different types of service models, along with the digital transformation worldwide, is expected to positively impact the services industries market size. Introduction of advanced technology and innovation in the industry, such as, dec Read More...The services sector includes delivery services, call assistance, consulting services, consumer complaints, and others, which are required more or less by every company. The growing number of consumers across the globe is bound to surge the demand for services in the upcoming years. According to the data by the World Bank, services attributed to 64.334% of the global gross domestic product (GDP) in 2019, up from 63.823% in 2018. Moreover, increasing evolution of different types of service models, along with the digital transformation worldwide, is expected to positively impact the services industries market size. Introduction of advanced technology and innovation in the industry, such as, decentralization of data, block chain, MSME financing, and others are some of the latest services industries market trends that are set to expand the services industry. Moreover, according to the World Bank data, there are 51.66 ATMs per 100,000 people around the world as of 2020. In high income countries, this reached 63.87 ATMs per 100,000 individuals in the same year. Additionally, the growing internet penetration has a huge impact on the services industry. In other statistics by the World Bank, 56.727% of the global population is using internet services in the year 2019, up from 49.907% in 2018.
Kenneth Research is market research and consulting platform that provides research analysis for more than 14 different sectors and industries. At Kenneth Research, our experts provide a detailed services industries market reports across a wide range of service sectors, which includes home insurance, mobile phone insurance, retail banking, mutual investment, and various other market reports. The services industries market reports further cover five major regions, including North America, South America, Europe, Asia Pacific, and Middle East and Africa. The growing expansion of BFSI (banking, finance services, and insurance) in high income countries is set to generate growth opportunities for new players in these regions. Our service industries market reports can provide an upper hand to anyone interested in expanding their business. Moreover, being one of the best services industries market agency, our deep understanding of the latest services industries market trends helps us to deliver our clients a detailed services industries market analysis which can assist any existing or new market player to prosper in their business goals.
