The briefing examines how the business services industry is performing globally and in the largest countries in terms of business services output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies.
This report comes in PPT.
The key regions leading this growth are Asia Pacific, North America and Western Europe. Asia Pacific, particularly India and China, saw rapid industrialisation and e-commerce growth, while North America and Western Europe witnessed strong demand for specialised services.
The US is expanding its lead in the global business services industry, supported by its status as a global financial centre and a thriving AI sector. Government support for specialised services in healthcare, finance and IT is a significant factor in this growth.
Despite economic uncertainty, China remains a key player in the global business services industry. Continuous investments into digital economy is forecast to support stronger demand for legal, cybersecurity and consulting services.
The industry faces ongoing cost pressures, mainly due to labour market tensions, economic instability and rising labour costs. These pressures are expected to continue over the forecast period, requiring cost discipline and investment in automation and digital tools.
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