Commercial services are services that a
company offers to other organizations or businesses. Commercial Services
includes many technical services & specialized care services for instance
lawn & garden care and delivery services.
According to study, “Commercial
Services Global Market Report 2019” the key companies operating in the
global commercial services market are Adecco Group, Manpower Inc, Randstad
Holding, Waste Management Inc, Iss A/S And Sodexo Merchant Network, Tata
Consultancy Services Limited, Genpact Ltd, Hewlett Packard Enterprise Co, Grant
Thornton LLP, A.T. Kearney, Bureau Veritas SA, SGS SA, Intertek Group plc, ALS
Limited, Geochemic Ltd., Shiva Analyticals & Testing Laboratories India,
Activation Laboratories Ltd., Alex Stewart International, ACZ Laboratories,
Inc., AGAT Laboratories Ltd., Autoweb Inc., Chinanet Online Holdings Inc.,
Groupon Inc., Insignia Systems Inc., MDC Partners Inc., Quinstreet Inc., Social
Reality Inc., Monaker Group Inc., eXp World Holdings Inc., Eastside Distilling
Inc., Harte Hanks Inc., Interpublic Group of Companies Inc., Omnicom Group
Inc., Boston Omaha Corp., InnerWorkings Inc.,
Based on the type, global commercial services
market is segmented into office administrative services, employment services,
facilities support services, business support services, waste management &
remediation services, travel arrangement & reservation services,
investigation & security services and services to buildings & dwelling
etc. Office administrative services are maintenance services, reception
services, security & guard services and others. Employment services include
employment placement agencies, temporary help services, executive search services,
professional employer organizations, telephone call centers, document
preparation services, business service centers, credit bureaus, collection
agencies and others. Waste management & remediation services include waste
collection, remediation services, waste treatment & disposal and other
waste management services. Travel arrangement & reservation services
include travel agencies, convention & visitors bureaus, tour operators, and
other travel arrangement & reservation services. Investigation & security
services include investigation, guard and armored services and other security
system services. Services to buildings & dwellings services include
exterminating & pest control services, landscaping services, janitorial
services, carpet & upholstery cleaning services and others.
The commercial services market is driven by
rapid proliferation of business analytics solutions, followed by increase in
disposable income & hygiene consciousness, growth in economic outlook, rise
in demand for smart-phones and improvement in cost & operational
efficiency. However, reliability concerns, need for skilled personnel to
maintain the process, and intense competition may impact the market. In
addition, rise in demand for construction & post-construction cleaning
services, technological advancements and increase in number of working women
are key opportunities of the market. Additionally, artificial intelligence in
customer support, technology to improve staffing services and automated billing
systems are the major trends witnessed in the market.
Based on geography, the Asian-Pacific region
holds major share in commercial services market owing to increase in population
and augmentation in government initiatives in the region. The North-America
region is expected to witness higher growth rate due to increase in investments
in private sectors. With the increase in demand from business or production
establishments seeking to outsource non-core operations to focus on key
business areas, the scope & potential for the global market is expected to
significantly rise in the forecast period.
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