The global business valuation services market was valued at almost USD 700 billion in 2016 and is expected to surpass USD 893 billion by 2021.
Procurement market intelligence analysts have announced its latest market research report on business valuation services for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the business valuation services market during the forecast period. Some of the top vendors listed in this industry analysis include Deloitte, EY, PwC, KPMG, and BDO.
In terms of geographical analysis, the Americas accounted for 41% of the overall market share to become the dominant shareholder in the global business valuation services market. The market’s growth in this region is driven by the increasing demand for real estate professional services for managing property related transactions and facilities.
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According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “Suppliers are increasingly making use of technologies such as automation to mitigate costs and provide service with ease. As real estate is an information-intensive industry, automation is helping suppliers, investors, and other contracts to access the data and improve the quality of their offerings. The adoption of such technologies enables buyers to avail error-free information in less time.”
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The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Need for workplace collaboration
Organizations can reposition their property with the use of a range of solutions that help them to reduce cost, increase competitive advantage, and improve business output by availing real estate professional services. This will also provide corporate occupiers better real estate facilities, which in turn can help them increase their business performance by effectively collaborating with workforce.
Increase in regulatory requirements
The increase in regulatory requirements imposed across markets is prompting organizations to outsource real estate services to third-party. This makes it possible for customers to avoid legal issues caused by inappropriate property and transaction documentation. For instance, stringency in tax and property laws has increased buyers’ dependency on real estate service providers.
Demand for sustainable buildings
The benefits of adopting green building practices are prompting many corporate companies to construct buildings that are environment-friendly as well as transforming their existing buildings to green buildings by upgrading to new standards. This rise in awareness among organizations toward sustainability has driven the demand for real estate services as they help companies to upgrade their facilities to an eco-friendly infrastructure
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Business Valuation Services – Procurement Market Intelligence 2017’.
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