Featuring market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights, The Business Research Company’s 2026 market reports are built to deliver research that is both more actionable and more strategically valuable.
Services Market Value Growth And Long-Term Outlook
The services market size has experienced robust growth recently. It is forecast to increase from $17377.79 billion in 2025 to $18775.85 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.0%. Historically, this expansion has been driven by rapid economic growth in service economies, businesses’ growing reliance on service providers, the rise of online service platforms, increasing urbanization and the resulting demand for lifestyle services, and the wider availability of enterprise support services.
The services market is projected to experience substantial growth in the coming years. It is anticipated to expand to $25967.15 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 8.4%. This expansion during the forecast period is primarily driven by factors such as the development of digital customer ecosystems, increased automation in service provision, growing reliance of businesses on managed service models, the expansion of cross-border service trade, and enhanced specialization within professional service offerings. Key trends for this period include the further widespread adoption of digital service delivery, an elevated focus on improving customer experience, the increasing use of subscription-based service models, deeper integration of specialized professional services, and a rise in outsourcing and engagement with third-party service providers.
Get A Free Sample Report With In-Depth Market Insights:
Services Market Expansion Drivers: What’s Shaping Future Growth?
The increasing need for real estate services is projected to fuel the expansion of the services market. Real estate encompasses land, structures, and associated natural resources like minerals, water, and plant life, all considered immovable property. Specifically, commercial real estate necessitates extensive facilities management services for efficient functioning. As an illustration, in June 2025, the U.S. Census Bureau, a US-based government agency, reported that the seasonally adjusted number of new houses available for sale at the close of May 2025 reached 507, 000. This represented a 1.4 percent increase (±1.3 percent) from the 500, 000 estimated in April 2025, and an 8.1 percent rise (±5.5 percent) from the 469, 000 recorded in May 2024. Consequently, the escalating demand for real estate services is a key driver for the services market.
Services Market Segment Analysis: What Are The Core Market Categories?
The services market covered in this report is segmented –
1) By Type: Civic Services, Commercial Services, Personal Services
2) By Component: Software, Service
3) By Mode: Online, Offline
Subsegments:
1) By Civic Services: Public Administration, Community Services
2) By Commercial Services: Marketing Services, IT Services
3) By Personal Services: Health And Wellness Services, Beauty Services
Services Market Strategic Trends: What Defines The Next Growth Phase?
Leading companies in the services market are implementing innovative solutions, such as telecom services, to improve customer experience, optimize operations, and foster digital transformation. Telecom services encompass a variety of communication offerings that support the transmission of voice, data, and video across diverse networks. For example, in April 2024, Faroese Telecom, a Denmark-based telecommunications firm, deployed a comprehensive 5G network across all 18 islands of the Faroe Islands, achieving full population coverage in collaboration with Ericsson. This initiative provides residents with rapid, low-latency internet access, thereby enhancing mobile broadband and call quality through features like fixed wireless access and voice over LTE (VoLTE). The deployment successfully addressed geographical challenges, including providing coverage on bridges, ferries, and fishing boats, and is anticipated to significantly benefit local industries such as fisheries and tourism by enabling advanced technologies like IoT and AI for enhanced operational efficiency and sustainability.
Services Market Top Companies Driving Competitive Growth
Major companies operating in the services market report are Deloitte Touche Tohmatsu Limited, Accenture plc, The International Business Machines Corporation, Price Waterhouse Coopers, Ernst & Young Global Limited, KPMG International Limited, Randstad Holding NV, CBRE Group Inc., Enterprise Holdings Inc., Adecco Group, Capgemini SE, Sodexo Group, Recruit Holdings Co. Ltd., Jones Lang LaSalle Incorporated, Man powerGroup Inc., Waste Management Inc., Cognizant, TUI Group, Infosys Limited, Aramark Corporation, Wipro Limited, ISS A/S, McKinsey & Company, Robert Half International Inc., Gartner Inc., Bain & Company, BCD Travel, Travel Leaders Group, Thomson Reuters Corporation, Dun & Bradstreet Holdings Inc., Equifax Inc., Experian plc, IHS Markit Ltd., Moody’s Corporation, S&P Global Inc.
View The Full Services Market Report:
Services Market Regional Analysis: Which Geography Leads On Revenue?
Asia-Pacific was the largest region in the services market in 2025. North America was the second-largest region in the services market. The regions covered in the services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.