Pune, India -- (SBWIRE) -- 02/21/2019 -- project's lifecycle which usually starts with the initiation of a sales opportunity followed by the closing of the deal, and later the allocation of resources to deliver the work. PSA software renders consistent processes for planning, managing, and measuring the performance of every project throughout its lifecycle. Cloud based professional service automation (PSA) software which allow companies greater flexibility to get their work done on the move is witnessing a rising demand. The reduction in IT maintenance cost offered by cloud-based PSA software are driving the market growth.

The professional service automation (PSA) software market, in terms of revenue, which was estimated at US$ 802.3 million in 2017, is expected to reach US$ 1364.07 million by 2022.

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The report on the global Professional Service Automation Software Market is a comprehensive overview of the market, covering various aspects such as product definition, segmentation based on various parameters, distribution channel, supply chain analysis, and the prevailing vendor landscape. It compiles exhaustive information sourced via proven research methodologies.

Some of the prominent Players of Markets includes:
Atera Networks, Oracle, Projector, Promys, SOFTRAX, Changepoint Corporation, Clarizen, ConnectWise, Deltek, FinancialForce.com, Harmony Business Systems, Infor, Kaseya Limited, Kimble Applications, Mavenlink, Unanet Technologies, Upland Software, Vista Equity Partners LLC (Autotask Corporation), Workday and Others.

Deployment of PSA software in the IT industry is gaining momentum as it enables easy organization and optimization of business concepts such as resource utilization, customer satisfaction, project financials and analysis of profit margins. The enhanced control over a project that this software offers to the management has led to the dominance of IT sector over the other applications in global professional service automation (PSA) software market.
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1) An extensive research study on the Global Professional Service Automation Software Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Professional Service Automation Software Market.

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3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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This report includes massive data relating to the product or technological developments observed in the market, complete with an analysis of the impact of these advancements on the market's future development. Global Professional Service Automation Software market has been carried out. This report analysis will help organizations understand the major threat and opportunities that vendors have to deal in the market. Moreover, the report presents a 360-degree overview and SWOT analysis of the competitive.
This Professional Service Automation Software Market report incorporates a business diagram, income, points of interest, recent events, item offering, and system of those players. The improvement of the crucial organizations alongside their assets, for example, enhancements, cost, and customer satisfaction are canvassed in the research report about the overall market.

Global Professional Service Automation Software Market Segmentation:

By Deployment Model:
- Software
- Services

By Application:
- Marketing and Communication
- Information Technology
- Architecture and Construction
- Research Organizations
- Accounting Firms

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Finally, researchers throws light of data analysis technologies such as SWOT and Porter's five analysis.