Sector report: services
Having historically taken over manufacturing and agriculture in importance, business services play a dominant role in most emerging and mature economies today. According to consulting firm Research and Market, the global professional services market was estimated at $5.02 trillion in 2020 and forecast to reach over $7 trillion in size by 2025 in the post-pandemic world, implying a compound annual growth rate (CAGR) of 7.03%.
Global Corporate Venturing’s broad definition of “services” covers a wide range of subsectors – from…
