The commercial services market comprises establishments that perform support activities for the day-to-day operations of other businesses or organizations. Establishments in this market specialize in one or more of these support activities which in other cases are often undertaken in-house
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The global commercial services market is valued at $5 trillion in 2017. The growth can be attributed to the expected increase in demand from business establishments seeking to outsource non-core operations to focus on key business areas.
The commercial services industry is split into six segments: other support services, employment services, office administrative services, Waste Management And Remediation Services, Travel Arrangement And Reservation Services. Needless to say, other support services segment accounts for around three fifth of the commercial services industry’s market size, while the rest of the market is split between, employment services, office administrative services and etc.
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The USA was the biggest player in the commercial services market in 2017, followed by China, the UK and France.
The commercial services market is very fragmented with large number of small players. The top three competitors in the market according to The Business Research Company are Adecco Group, Randstad Holding, Manpower Inc. And Waste Management Inc.
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