Sector focus: services

Business services play a dominant role in most emerging and mature economies today, having taken over manufacturing and agriculture in importance. According to consulting firm Research and Market, the global professional services market was estimated at $5.4 trillion in 2019 and forecast to grow only by 0.1% in 2020 due to the economic slowdown brought about the covid-19 pandemic. The market is expected to re-emerge and grow at a CAGR of 7% from 2021 onward and reach $6.52 trillion by…

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