The global professional services market is valued at over US$1.8 trillion dollars and is growing more strongly than the broader economy.
In the UK, the professional services sector is the largest single sector, contributing 8% of real GDP output and has grown at an annual rate of 6.1% per annum between 1994 and 2004 versus 3.0% growth in the broader economy.
In Australia, the sector has also grown more quickly than the economy and represents over 12% of the economy, versus 10% in 1995. Between 1995 and 2005 the Australian professional services sector grew by over 65% versus the broader economy growing by 42% over the same period.
The global professional services market is also highly fragmented with the top 500 firms estimated to account for less than 35% of market share.