Cloud Hosting

AMZN: Buy the Dips in These 3 Internet Stocks –

The Nasdaq Composite Index dipped 10% in the last three trading sessions after surging to its all-time high of 12,074. The FAANG stocks dipped by an average of 4% on Tuesday, September 8th. A 4% dip may not look big, but these stocks together lost hundreds of billions in market capitalization. Dont worry. These stocks are expected to be back to their 52-week highs and might even make new highs, as the growth in demand for their products and services are not expected to slow anytime soon.

Over the last decade, the internet boom, increasing penetration of smartphones, and rising disposable income pushed some internet stocks to trillion-dollar valuations. And the COVID-19 pandemic has triggered the internet adoption even among the untapped population.

Among the tech juggernauts, the pandemic has treated three internet giants Amazon (AMZN), Alphabet (GOOGL), and Facebook (FB) pretty well. These three companies are market leaders in their own space and cater to a large portion of the world population. They are now broadening their horizon to monetize on future demand.

Amazon (AMZN)

AMZN needs no introduction. It is the e-commerce leader and the No. 1 cloud hosting provider in the world. It makes most of its money from its e-commerce platform. Amazon Prime Video, Alexa personal assistant and ecosystem, and Amazon Web Services are the other money streams for the company.

The pandemic has created an e-commerce wave, tapping the segments of the population that were reluctant to adopt digitization. Amazon and Shopify (SHOP) witnessed traffic on the levels of the holiday season in April. This was reflected in their earnings. AMZNs second-quarter revenue surged 40% year-over-year to $88.9 billion, and EPS surged 97% to $10.3. Such high growth drove AMZN stock up 78% year-to-date to its all-time-high of $3,552.25. The pandemic gave AMZN its next trillion-dollar opportunity as its market cap jumped from $1 trillion at the start for the year to as high as $1.77 trillion.

People have realized the advantages of e-commerce while locked in their homes, making this trend sticky. A study by Grand View Research expects the global e-commerce market to increase at a CAGR of 14.7% between 2020 and 2027.

At its three-year high forward price-to-earnings multiple of 95x, AMZN stock might look expensive. Some analysts believe that AMZN has become too big to grow. But it is exploring new areas such as self-driving cars and robotics. It is also expanding in the grocery business and increasing its fulfillment capacity.

How does AMZN stack up for the POWR Ratings?

A for Trade Grade

B for Buy & Hold Grade

A for Industry Rank

A for Peer Grade

B for overall POWR Rating

You cant ask for better. The stock is also ranked #2 stock in the Internet industry.

Alphabet (GOOGL)

While the pandemic unleashed the trillion-dollar opportunity for AMZN, it came as a nightmare for the search engine giant Google. Alphabet earns more than 80% of its revenue from advertising. But it saw a modest decline in ad revenue as many companies cut their ad budget amid the lockdown. However, an uptick in Google Cloud and other non-advertising revenues, such as YouTube, partially offset the weakness in ad revenue.

In the second quarter, GOOGLs revenue fell 1.7% year-over-year to $38.3 billion, while its net income fell 30% to $7.0 billion. The sharp drop in net income was because of a 15% decline in cost-per-click and higher loss from its Other Bets. As the economy reopened, advertising picked up.

GOOGLs stock fell 21% in March but later surged over 60%, resulting in a year-to-date gain of 13.75%. This rally has put it back over the $1 trillion market cap.

GOOGL dominates the search engine space, and its position is attracting antitrust probes. According to The New York Times, the U.S. Department of Justice is planning to launch an antitrust case against GOOGL before the end of September.

The search engine and internet services got GOOGL to its first trillion-dollar. GOOGL stock is trading at a forward price-to-earnings ratio of 30.6x, its highest valuation in over five years. It is using its massive $120 billion cash pile to explore future technologies that can bring in its next trillion dollars. Some of its ventures include DeepMind, which is working on artificial intelligence (AI), and Waymo, which is developing autonomous vehicle technology.

GOOGL is rated a Buy in the POWR Ratings. It holds straight A in Trade Grade, Peer Grade, and Industry Rank and a B in Buy & Hold Grade. It is also the #4 ranked stock in the Internet industry.

Facebook (FB)

FB is younger than AMZN and GOOGL, but it has achieved a remarkable feat in a small time. It has 2.45 billion active users, making it the worlds largest social media platform. FB has reached a market capitalization of $772 million in eight years. The company makes its money from advertising on its social media platforms Facebook, Instagram, Messenger, and WhatsApp.

The pandemic-driven lockdown made many people active on social media. Like GOOGL, even FB saw a decline in targeted ad spend by advertisers, but that did not impact its revenue significantly. In the second quarter, FBs revenue surged 11% year-over-year to $18.69 billion, while EPS rose 98% to $1.80. However, the companys ad revenue faces risks from some privacy regulations and new privacy protection measures by Apple (AAPL) that will protect specific customers data from advertisers.

FB is now expanding into the e-commerce segment. It is integrating Shopify to allow merchants to post and sell their offerings on Facebook or Instagram. This initiative will help it earn from ads as well as transactions, and might even unlock a trillion-dollar opportunity.

FB stock is trading at 32 times its forward price-to-earnings multiple. Its no surprise that it is rated a Buy in our POWR Rating system. It also has an A for Trade Grade, Peer Grade, and Industry Rank, and a B for Buy & Hold Grade. In the 57-stock Internet industry, it is ranked #5.

Investor takeaway

Many critics say that the pandemic has created a tech bubble that can burst anytime. But AMZN, GOOGL, and FB will not be severely impacted as their stock prices are backed by fundamentals and new growth opportunities.

There is no perfect price to buy these tech stocks as they keep breaking their records. But the recent correction offers a good time to pick up shares of some of the worlds best companies at cheaper prices.

Want More Great Investing Ideas?

7 Best ETFs for theNEXTBull Market

Will Stocks Fall into Historical September Slump?

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AMZN shares fell $25.32 (-0.80%) in after-hours trading Tuesday. Year-to-date, AMZN has gained 70.46%, versus a 4.59% rise in the benchmark S&P 500 index during the same period.

Puja is a seasoned writer working with financial publishing companies like Motley Fool Canada and Market Realist. With over 13 years of experience in the field of fundamental research, she brings a blend of comprehensive, well-researched insights into her articles. More...

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AMZN: Buy the Dips in These 3 Internet Stocks -

Cloud Hosting

Top 5 custom software development companies in the world – KnowTechie

As the internet continues to transform how users interact with various software platforms like websites, web apps, and mobile applications, more business entities and brands are shifting focus to custom software development. As the phrase hints, custom software development entails creating software products that are tailored to the unique needs and preferences of target users and the unique structural frameworks that define a business entity or organization.

World over, there exist countless custom software development companies providing custom software development solutions. However, not all companies can deliver outstanding software products to complement your business and propel you towards your goals. An ideal company is that which has proven competence in providing high-quality products and is conversant with the top and disruptive technologies in the industry.

Here is a list of the top 5 best custom software development companies in the world to consider. These companies have been featured in some of the top tech platforms like Tech Reviewer, have a rich portfolio of clients and positive reviews, and are recipients of various globally recognized tech awards.

Saigon Technology has grown to become a top custom software development company, not only in Vietnam but also globally. Established in 2012, this agile software development company is on a mission to deliver the most effective outsourcing solutions for clients in terms of costs and the quality of services they provide.

The company thrives in delivering software solutions for clients across a wide range of industries, including logistics, business, transportation, media, healthcare, e-business, and e-finance, among other industries. The development team comprises over 170 talented software developers who are dedicated to providing custom software solutions for clients across the various sectors.

Custom Software Development Services provided by Saigon Technology

Enterprise solutions development: The company has vast experience and skills in building complex enterprise solutions. Their skill-set and expertise in this niche span Resource Planning, Business Process Management, Collaboration, Customer Relationship Management, and other business domains. Furthermore, Saigon Technologies delivers these enterprise solutions in conformance with the best industry practice and international standards.

Custom web development: The company can deliver feature-rich custom web applications, portals, and sites.

Custom app development: Saigon Technologies can help you expand your reach to your target audience with custom mobile app development services. With users increasingly relying on mobile devices to access internet services, the companys custom app development services allow you to leverage on this trend and spread your reach to more people.

SaaS Solutions Development: Saigon Technologys services include full-cycle development, deployment, and support for SaaS model solutions. Their services also include the development of custom plug-ins and integrating the same for any SaaS solutions for your use.

Award-winning services

Having worked with hundreds of companies and brands from various parts of the world, the company has earned an admirable reputation in the industry. This has earned it multiple awards and recognition in the Vietnam Tech industry, with the most recent being the Sao Khue Award for Top Software Outsourcing Company in 2019, and being on the 2019 list of the Top 50 Best software companies in Vietnam. This further proves the competence and quality assurance they offer, especially given the steep competition in the Vietnam Software Industry one that has gained global recognition and respect over the last decade.

Custom software development team at Saigon Technology.


TechTIQ Solutions is a software development company based in Singapore. The company was founded in 2017 and set on a mission to provide IT solutions to businesses of all scales small and medium-sized enterprises and large corporates to help them realize improved outputs. More specifically, TechTIQ Solutions is focused on helping businesses improve their operational efficiency, streamline their administration, enhance their productivity, combat competition, expand their reach in the market, and facilitate overall growth.

Some of the top industry technologies TechTIQ Solutions offers include mobile apps, web apps, mCommerce, eCommerce, Augmented Reality, Virtual Reality, cloud integration, and the Internet of Things. Through its team of up to 50 well-trained and highly skilled and knowledgeable software engineers and IT professionals, the company has served hundreds of clients, including some of the top brands known globally. Some of the clients that TechTIQ has served include Abbott, Panasonic, Pan United to name a few.

Custom Software Development Services provided by TechTIQ Solutions

Web Applications: With a team of more than 30 developers, the company can deliver custom web applications for smooth business operations. Beyond being tailored to your unique needs, the team can develop apps that are compatible and capable of working across the top web browsers, coupled with unique UX and UI.

Mobile Applications: The range of custom software solutions offered includes the development of both native and cross-platform custom mobile applications. Additionally, they can leverage AI to enhance app performance for more advanced enterprise management solutions.

System Integration: This includes integrating all modules within the different entities of your business to communicate effectively with each other.

Database development and management: The company employs technologies such as SQL Server, PostgreSQL, MySQL, and SQL to offer high-end database development and management solutions.

Cloud Hosting: TechTIQ Solutions helps you scale up or down seamlessly to effectively reach and interact with your clients with their cloud hosting solutions. They employ top technologies such as Google Cloud, Azure, and AWS, among others.

A competent and highly skilled team

The rich portfolio of clients served by TechTIQ Solutions and the range of custom software solutions offered speaks to the competence of the software developers and engineers. The team is well-structured and coordinated to ensure your custom software project runs smoothly, is delivered on time and adheres to the highest possible quality standards. All indications point to the company helping you unlock your business potential while solving existing challenges with their custom software solutions.

IntellectSofts custom software solutions and services have earned it an admirable reputation, making it a top choice for among the list of most reliable software development companies. Their admirable reputation is evident from the rich portfolio of top clients that include big brands like Universal, Nestle, EY, Harley-Davidson, Audi, Jaguar, and Guinness.

Founded in 2007 and headquartered in the United States, UK, and Norway, the company is dedicated to providing top-end technologies including cloud computing, blockchain, and financial technologies, documentation management, payment solutions, and B2B and B2C Web portals among others. A team of highly qualified and knowledgeable software engineers renders these services guaranteeing top quality and efficient service delivery to clients.

Custom Software Development Services provided by IntellectSoft

Extended Reality: This entails custom solutions with Augmented Reality, Virtual Reality, and Mixed Reality that continue to revolutionize user experience.

Internet of Things: The team is knowledgeable of the latest trends in developing smart ecosystems to help the different platforms and modules of your business communicate with each other.

Cognitive Computing: Leverage machine learning and deep learning technologies to develop custom solutions that help businesses process complex and ambiguous operations more efficiently.

Cloud Computing: IntellectSoft allows you to scale your operations and streamline your operations with the custom cloud computing services.

Customer Experience Design: This entails tailoring the design of your business or brands digital customer experience to appeal to their unique needs.

Web and Mobile App Development: Improve your reach, UI, and UX with custom web app and mobile app development. Custom mobile app development entails developing both native and cross-platform apps that are tailored to address the unique needs of your clients.

Trusted Services

IntellectSoft has been in the industry for more than 11 years and is vast with past and future trends. This vast experience and knowledge have earned it trust among the fortune 500 companies, further evident from its portfolio of clients. Also, the company has multiple awards in the industry from Clutch, Inc.500, Goodfirms, The Techies, ITFirms, Appindex, IBM, and IAOP, among others. All these contribute to IntellectSofts ranking among the top custom software development companies in the world.

Oxagile has been the recipient of various awards in the IT industry, including Deloitte Technology Fast 500, IAOP The Global Outsourcing 100 in 2017 and 2016 Software Companies 500, among others. Other than these awards, the company has provided its services to some of the big brands and institutions known globally, including Google, Vodafone, Cardiff University,, and Discovery, among many others. These point to the expertise and the quality of software and IT solutions the company provides.

Oxagile was established in 2005 and has since expanded to the United States, the UK, and Belarus. It has more than 250 employees across the various locations who put their software engineering skills to use in delivering high-quality custom software solutions to help businesses unlock their potential and adapt to the dynamic markets. The team has worked on close to 500 projects with 97% client satisfaction.

Custom Software Development Services provided by Oxagile

Mobile application development: Oxagile is experienced in the development of custom native mobile and cross-platform applications. They allow you to integrate features such as in-app payments, video conferences, and social media integration using the latest technologies, including the powerful and disruptive Artificial Intelligence.

Web application development: This involves tailoring web applications to suit your unique business model and needs. Oxagile utilizes the latest technologies to develop disruptive web apps with outstanding UX and UI, increased flexibility and scalability, and robust security.

Enterprise automation: Oxagile helps enterprises automate complex operations with services such as enterprise resource planning, population health management, business workflow orchestration, and media asset management.

Cloud application development: Oxagiles cloud solutions help businesses unlock new levels of flexibility and scalability for efficient and optimal operations. The company leverages top cloud computing technologies such as Azure and AWS.

Web portal development: With solid expertise, you can rely on Oxagiles B2B and B2C web portals for sustained business growth. The web portals are equipped with advanced features like video conferencing, search capabilities, and advanced reporting, among others.

With more than 15 years of experience in the software development industry, coupled with hundreds of testimonials from top clients, Oxagile has sufficient capacity to propel you towards your objectives with custom software development options. Moreover, you get to work with a passionate development team capable of delivering custom solutions for complex processes.

Established in 1998, Itransition boasts of having vast experience in the IT and software development industry. Through its more than two decades of existence, the company has handled more than 1530 projects for more than 810 clients. The clients comprise both small and medium-sized enterprises and large corporations. Some of the top brands Itransition has worked with include Adidas, eBay, Toyota, Pepsico, Expedia, Mclaren, Philips. BundleTech, Anybill, Turkcell, SSI, TradeStops, Themis, and InterCall, among many others.

The company comprises a team of approximately 2000 tech experts in the various offices in the United States, United Kingdom, Poland, and Belarus who specialize in different skills. Further, the company strives to keep up with the latest trends in the industry and conforms to the global standards and continuous upscaling of skills by enrolling in certification programs by industry leaders such as Microsoft, SAP, Gold Solution, and Acumatica among others.

Custom Software Development Services provided by Itransition

Custom web and mobile application development: The company helps build seamless web and mobile applications that are properly integrated with your businesss existing modules. Further, the application development can be advanced for business process automation, thus improving your operational efficiency.

Third-party product customization: This entails tailoring different and independent platforms and components, both proprietary and open-source to address the unique demands and needs of your clients.

Application migration and upgrade: The team of professionals is capable of refactoring, redesigning, and migrating to new legacy system architectures. The team also offers application security services for more secure business processes.

Itransition provides these custom software development services for a wide range of industries, including healthcare, finance, education, automotive, telecommunications, media and entertainment, and retail and wholesale. The rich portfolio and hundreds of positive reviews and testimonials further affirm Itransitions competencies and trustworthiness.


Custom software development allows you to tailor your software products to address the unique needs of your business. It gives businesses and brands to streamline their operations and scale optimally.

However, it can be challenging to identify the most ideal custom software development company to approach to handle your unique needs. The 5 companies highlighted here have a proven track record, experience in the industry, and the expertise to deliver optimal custom software solutions for your unique business needs.

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to ourTwitterorFacebook.

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Cloud Hosting

Will the pandemic accelerate the move to public cloud? – DatacenterDynamics

The case for an accelerated move to the public cloud may be summed up in one sentiment: Data centers were difficult enough to run even before the pandemic, and the costs, risks and complexity have all now increased. With the threat of new pandemics in future, it will be easier, even if it isn't cheaper, to move to the cloud.

There is some evidence that many enterprise operators are thinking along these lines but it is not strong. In a July 2020 Uptime Institute survey of 260 operators, a fifth (19 percent) said they are likely to accelerate their move to a public cloud or use public cloud services more as a result of the pandemic. Just one in twenty (5 percent) thought the pandemic would slow their move to a public cloud. (Three-quarters said it would make no difference or that they did not know; see the figure).

What lies behind this? There are many reasons why the use of cloud services has increased or will increase as a result of Covid-19.

First, during the pandemic, many enterprises found they do not have the network infrastructure, or necessarily the applications, to support all their remotely situated staff and all their customer interactions on their networks. As a result, they have rapidly adopted or stepped up their use of cloud and other third-party services. Enterprise use of cloud platform providers (Amazon Web Services, Microsoft Azure, Google Cloud Platform) and of software as a service (Salesforce, Zoom, Teams) has significantly increased in the space of a few months.

Second, many operators foresee that the loss of an entire site due to staffing issues is a possibility in the future and they are planning for this with a range of strategies, including more remote working, greater resiliency and more automation.

The pandemic will also likely increase the use of distributed, active-active-active availability zone approaches. Building and managing the IT infrastructure for this is always challenging and expensive. One of the easier ways, for many applications and services, is to make use of existing infrastructure run by cloud providers, their software infrastructure partners, and some colocation companies.

In spite of all this, it would be simplistic to state that the pandemic will trigger a significantly accelerated decline in enterprise data centers or increase in the migration of existing workloads. One of the reasons for cloud adoption, and certainly for the use of software as a service, is to enable relatively easy adoption of new services, such as teleconferencing. Few organizations have, in recent years, contemplated hosting such services in their own data centers.

The role of the pandemic as a catalyst of change, or an accelerator, has to be put in context. There is already a strong disposition among business and organizational leaders to make more use of the cloud. But migration can be a difficult process, involving re-platforming or rewriting applications, changing security and compliance processes, and foregoing corporate control for limited transparency. Uptime Institutes research shows the balance of workloads shifting gradually, over time, in a cautious fashion.

A further issue: Chief Information Officers are facing cost constraints, with a global slowdown (if not recession) already underway. Cloud adoption usually involves a short-term spending increase, even if costs fall over time (which, depending on scale, they may not).

So, what is the takeaway? Public cloud adoption by enterprise is a strong trend with multiple adoption drivers. The pandemic will add to the rationale but will not make a decisive difference.

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Will the pandemic accelerate the move to public cloud? - DatacenterDynamics

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Southeast Asia Web Hosting Services Market 2025 In-depth Coverage and Various Important Aspects of COVID 19 Outbreak Impact: Amazon Web Services, AT…

Introduction: Southeast Asia Web Hosting Services Market

This well-composed research output tends to offer a highly resourceful outlook highlighting various facets that encourage remunerative business decisions in the Southeast Asia Web Hosting Services market. The report is a quick reference point to make comply with reader understanding of the volatile market situations that collectively steer enormous growth opportunities in the global Southeast Asia Web Hosting Services market.

Top Leading Key Players are:

Amazon Web Services, AT & T, Google, GoDaddy, Dreamhost, Earthlink, and Endurance

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The global Southeast Asia Web Hosting Services market research report is a well synchronized synopsis highlighting some of the most significant, real time research analysis that enable quick and efficient business discretion.The report fetches references of growth-specific business policies, approaches and preferences that help in maintaining the competitive momentum in global business decisions as well as comprises excerpts of dynamic segmentation that collectively ensure steady growth in the global Southeast Asia Web Hosting Services market.

This report studies the Southeast Asia Web Hosting Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Southeast Asia Web Hosting Services market by product type and applications/end industries. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as most of the companies in APAC are encouraging the extensive adoption of mobile applications.

The report offers updated financial information of the key competitors to offer accurate market insights and offers strategic recommendations. The study covers critical market trends along with an extensive analysis of emerging trends. The report covers a detailed examination of the market scenarios and trends on a regional and global level. The study covers the current competitive scenario with a special emphasis on the strategic initiatives taken by the prominent players of the industry.

Report Offerings in Brief

* A rigorous, end-to-end review and analysis of the Southeast Asia Web Hosting Services market events and their implications

* A thorough compilation of broad market segments

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A complete assessment of competition spectrum, inclusive of relevant details about key and emerging players

* A pin-point review of the major dynamics and dominant alterations that influence growth in the global Southeast Asia Web Hosting Services market

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Global Southeast Asia Web Hosting Services Market is segmented based by type, application and region.

Based on Type, the Market has been segmented into:

by Product (Web-Site Builders, Shared Hosting, Dedicated Hosting, Collocation Hosting, VPS Hosting, and Cloud Hosting), By Organization Size (Small, Medium and Large enterprises), By Countries (Vietnam, Malaysia, Philippines, Indonesia, Singapore, Thailand and Rest of Southeast Asia)

Based on application, the Market has been segmented into:

By Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics and Others)

Key Player Analysis: Southeast Asia Web Hosting Services Market

1. The report precisely profiles leading players and their intricate marketing choices and best in industry performance that jointly inculcate remunerative business options in the Southeast Asia Web Hosting Services market.

2. For better and superlative comprehension of the Southeast Asia Web Hosting Services market by leading market players and participants striving to strike a profitable growth trail in the Southeast Asia Web Hosting Services market during 2020-27, this meticulous report composition houses critical developments, besides an extensive portfolio of leading players.

Understanding Regional Growth Prognosis: Global Southeast Asia Web Hosting Services Market

Following sections of the report on global Southeast Asia Web Hosting Services market includes vivid details about region specific developments, also including details about country-specific events that collectively influence optimistic growth.

Furthermore, significant depiction on frontline market players have also been widely discussed in the report to imitate growth-oriented business discretion.

Gauging through Scope: Global Southeast Asia Web Hosting Services Market, 2020-27

1. Intensive research suggests that the global Southeast Asia Web Hosting Services market in the forthcoming years will see through a decent growth curve, registering a steady rise if xx million USD in 2020 and is further likely to ensure a spike of xx million USD by the end of 2027, clocking at a CAGR of xx% through 2020-27.

2. Primary and secondary research also suggest that the steady growth trail in the global Southeast Asia Web Hosting Services market will significantly emerge from the massive remunerative dip owing to the sudden pandemic, COVID-19 early this year that has proved highly detrimental for diverse businesses and industries, affecting growth.

3. Further discussions in the report primarily adhere to the various events and developments dominant in the manufacturing space. The report is poised to undertake immersive study pertaining to dynamics identification and further analysis and evaluation to arrive at logical conclusions and touchpoint analysis.

Executive Summary

1. Assumptions and Acronyms Used2. Research Methodology3. Southeast Asia Web Hosting Services Market Overview4. Southeast Asia Web Hosting Services Supply Chain Analysis5. Southeast Asia Web Hosting Services Pricing Analysis6. Global Southeast Asia Web Hosting Services Market Analysis and Forecast by Type7. Global Southeast Asia Web Hosting Services Market Analysis and Forecast by Application8. Global Southeast Asia Web Hosting Services Market Analysis and Forecast by Sales Channel9. Global Southeast Asia Web Hosting Services Market Analysis and Forecast by Region10. North America Southeast Asia Web Hosting Services Market Analysis and Forecast11. Latin America Southeast Asia Web Hosting Services Market Analysis and Forecast12. Europe Southeast Asia Web Hosting Services Market Analysis and Forecast13. Asia Pacific Southeast Asia Web Hosting Services Market Analysis and Forecast14. Middle East & Africa Southeast Asia Web Hosting Services Market Analysis and Forecast15. Competition Landscape

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Professional Services Automation Market Snapshot Analysis and Increasing Global Growth Demand by Forecast To 2025 – StartupNG

Global Professional Services Automation Market: Snapshot

The global market for professional services automation is expected to expand alongside the adoption of automation technologies across commercial units. Professional Services automation refers to the creation of automated systems for bill generation, expense monitoring, time tracking, and resource allocation in companies or businesses. Professional services automation offers a wide range of benefits to organizations in the form of reduced processing time, improved efficiency, satisfied customers, and reduced costs. International companies are on the lookout for options that can help them function with agility and nimbleness. In order to do this, it is extremely important for these companies to shorten their chain of operation by effectuating smarter systems.

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Hence, the demand for professional services automation is expected to be driven by the efforts of organizations to bring about standardization on the operational front. Furthermore, the quest to achieve customer satisfaction has also driven demand within the global market for professional service automation. Artificial intelligence (AI) has emerged as the backbone of automation technologies and has revolutionized the way companies look at their operations. This penetration of AI into the framework of organizations has also led to the growth of the global market for professional services automation.

The swift adoption of automation technologies across North America has been the key reason behind the growth of the market for professional services automation in the region. Furthermore, the markets in Europe and Asia Pacific are also expected to expand on account of the emergence of new companies with advanced operational benchmarks and better recourse.

Global Professional Services Automation Market: Overview

Professional service automation systems are a type of software products that are designed to aid professional services and companies to streamline numerous operations, enhance their efficiency, and gain a higher profitability and productivity. These systems can be seen as a complete business solutions and have a variety of capacities which include billing, project management, time tracking, expense management, invoice management, and resource allocation.

The global market for Professional Services Automation could be segmented in terms of the different solution types and services provided. The global market could also be segmented in terms of the type of deployment, size of organization, and by geography. Such in depth and precise segmentation of the global Professional Services Automation market offered by the report helps in grasping the all-round growth prospects and the future outlook of the different segments of the market and thus, helping the potential buyers to make informed decisions while investing in the market.

The report on Professional Services Automation market provides the analysis and forecast on regional as well as global level. It offers historical data of the year 2016 along with the anticipated data of 2017, and a forecast data up to year 2022 in terms of revenue as well as volume. The report also provide vital driving and impeding factors for the development of the global Professional Services Automation market and their impact on each region over the duration of the given forecast period. The report also offeres the value chain analysis of the market with a list of manufacturers. The research report on the global market for Professional Services Automation provides vital growth prospects and key trends and opportunities that may come up in the market over the course of the given forecast period. The research report is the result of in-depth and extensive primary as well as secondary research methodologies backed by crucial market insights offered by the industry professionals.

Global Professional Services Automation Market: Trends and Opportunities

Of the two vital methods of deployment of the Professional Services Automation (PSA) systems are on premise-PSA and cloud PSA products and services. These services are hosted on cloud platforms and are gaining increasing popularity, specifically among the medium and small sized companies. The several advantages of cloud hosting with respect to disaster recovery, flexibility, diminished infrastructure development, and increased collaboration cost are some of the key factors expected to drive the overall growth of the global Professional Services Automation market over the coming years. In addition to this, the growing inclusion of tablets, smartphones and other gadgets to the internal networks of the companies are also expected to help in driving market growth.

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Global Professional Services Automation Market: Market Potential

A recent observation found by the industry experts that AI (artificial intelligence) can considerably add benefits to the global Professional Services industry. It is expected to create a huge wave both in terms of adoption and uptake with automation industry likely to be heading towards the heavy use of AI. AI is expected to be the future of computer technology and with automation of the professional services, it is only time the market is can experience the impact of AI in the professional services industry

Global Professional Services Automation Market: Geographical Segmentation

The global Professional Services Automation can be segmented into key regions such as North America, Middle East and Africa, Europe, Asia Pacific, and Latin America.

Global Professional Services Automation Market: Key Players

Some of the key players in the global market include names such as FinancialForce PSA, Deltek, Projector PSA, and Autotask Corporation among others

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TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in todays supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Professional Services Automation Market Snapshot Analysis and Increasing Global Growth Demand by Forecast To 2025 - StartupNG