Business Services
Market Trends
Unified Transformation
Organizations that have integrated agile capabilities, such as data accessibility and cross-functional collaboration, are better prepared for the future. Professional services firms should adopt a comprehensive approach to addressing clients’ needs throughout the entire value stream, from the initial request to final delivery.
Data Dominance
Investing in solutions that extract more meaning from available data is crucial. Platforms that enhance data by adding contextual metadata, including data origins, provide more valuable insights. Moreover, integrating data from various functional areas within the business offers teams the comprehensive insights needed to better serve clients.
Skill and Talent Optimization is Essential
People are the core of professional services firms, making it crucial to attract and retain the right talent. Firms must adapt to evolving employee expectations to avoid losing creative and dedicated talent to competitors.
A Human-Centered Strategy
As companies adopt new technologies, employees may fear job displacement. However, digitization can actually enhance team connectivity, insights, and success.
*Source: PwC – Professional Services Firms: A view from 2025
FCL Industry Coverage
- Accounting, Audit and Tax Services
- Buildings and Property Services
- Construction and Engineering
- Consulting Services
- Environmental Services
- Education and Training Services
- Legal Services
- Media and Information Services
- Outsourced Services
- Security Services
- Staffing
M&A Activity
Since Q1 2023, M&A activity in the sector has slowed, with 8,553 deals closed in Q2 2024, an 18% decrease from 10,370 in Q2 2023. Venture capital deals continue to dominate the historical deal landscape, representing 48% of overall deals in Q2 2024. In terms of median valuation, there was an upward trend throughout 2023, followed by a notable acceleration in this trend in 2024, reaching a record high of $27.4 million, a record level for the industry.
