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Service Bureau Market

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Service bureau market
Service Bureau Market: North America Projected to be the Most
Attractive Regional Market Through 2027: Global Industry Analysis
(2012 - 2016) and Opportunity Assessment (2017 - 2027)
2017-11-07
Report Id : REP-GB-5509
Status : Publish
Category : Electronics,
Semiconductors, and ICT
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Research Methodology (1/2)
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Data
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Market profiling
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In-depth secondary research is
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Formulating discussion guide
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Developing list of respondents
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Identifying key opinion
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In-depth interviews
Coverage across value chain
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Market participants
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Key strengths
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Primary
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C
Company
Analysis
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Channel study
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Desk
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h
Key industry
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Market
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Conclusions
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Data is scrutinized using MSExcel to obtain qualitative and
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Business
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Secondary
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Company
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Factiva
GBI
Genios
Meltwater
# includes sources of
databases
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Service Bureau Market
Increasing usage of document scanning and photocopying services among small and
large business enterprises boosting revenue growth of the global service bureau
market
The global service bureau market is witnessing significant growth due to the
emergence of customised IT and managed services across the globe. The worldwide
IT service market is increasing significantly year on year. Worldwide spending on IT
services is steadily increasing due to the rising adoption of supporting services
across businesses owing to the implementation of software to reduce the time spent
on managerial tasks.
The emergence of cloud computing is providing lucrative opportunities to key
players operating in the global service bureau market. Cloud has become a very
popular medium of delivery of value-added IT enabled business services. Customers
and end-users access the IT service catalogue through self-service portals, using and
paying for only those services they need. IT organisations of enterprises are adopting
cloud based models to ensure cost-efficient and effective business delivery.
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Service Bureau Market
North America to lead the global service bureau market in terms of value
share
Of all the regional service bureau markets, North America is anticipated to be the
largest, with an estimated market revenue to the tune of about US$ 33 Bn by the
end of the forecast period in 2027. The North America service bureau market is
estimated to witness a CAGR of 8.0% in terms of value during the forecast period. An
increasing digitalisation of documents across North America is the main factor
driving regional market revenue growth. Western Europe is the second largest
market with market revenue projected at around US$ 16 Bn by the end of 2027. The
APEJ service bureau market stands at third place with an estimated revenue of about
US$ 13 Bn by 2027 end. APEJ is a major market for service bureaus owing to the
rapid adoption of such solutions for business automation processes across the
region. The APEJ market is expected to register high Y-o-Y growth rates throughout
the forecast period. In terms of value, this market is anticipated to expand at a CAGR
of 7.1% during the forecast period.
5
Service Bureau Market
Increasing trend of electronic record management in North America: Most of the
companies in the U.S. and Canada are working towards the adoption of digital
technologies to face stiff competition in the growing market. This has increased the
need of supporting service providers who can help in converting documents into the
electronic form and provide other daily needed services such as photocopying and
scanning at a competitive pricing.
Increasing digitalisation across the APEJ: A large number of countries across the APEJ
region are developing at a rapid pace owing to the rapid industrialisation across the
region coupled with a mass digitalisation of business and allied processes. Countries
such as India and China are undergoing digitalisation in all aspects of business.
Governments of these countries are introducing more technological applications in
the daily routine operation. Normal people are also deploying more technology
based applications in their daily routines. This factor is resulting in the rapid
popularity and application of digital technologies across enterprises. This has
increased the need of service bureaus for helping organisations in converting their
documents into digital files in a speedy and cost-efficient manner.
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harshada
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