INTRODUCTION
In the United States, professional and commercial services companies are playing an increasingly important role in the economy. These companies provide a wide range of services, such as accounting and financial services, legal advice, consulting, IT services, and more. The rise of the gig economy, flexible working arrangements, and new technology have all been major catalysts for growth in this sector.
The size of the professional and commercial services industry in the US is huge and estimated to be worth around $1.8 trillion annually. This makes it one of the largest sectors in the US and globally. Over the past decade, the US has seen the emergence of many new industries and the rapid expansion of mature ones.
As a result, the competitive landscape for professional and commercial services companies is highly competitive and requires firms to stay ahead of the curve with their offerings.
The US market is also largely dominated by large multinational corporations such as IBM, Deloitte, and PwC. These companies not only dominate the market but also have a global presence, making them attractive targets for local and international talent.
Additionally, the US market is characterized by a high level of consolidation among professional and commercial services companies. This means that there is a lot of consolidation in the industry, where larger firms acquire smaller ones to increase their market share.
Overall, the professional and commercial services industry in the US is thriving and is proving to be a major driver of economic growth. In order to succeed in this highly competitive market, companies need to stay on top of trends, build relationships with customers, and develop a strong understanding of their customer base. By doing so, they can make sure that they are able to offer the best services and remain competitive.
IMPORTANCE
In 2023, professional and commercial services companies in the United States are becoming increasingly important to the success of businesses across all industries. Professional and commercial services are a vital part of the business world, providing services such as accounting, finance, legal advice, marketing, consulting, web design and more.
With new technologies emerging, companies have been able to streamline and automate operations, allowing them to increase efficiency, save time, and reduce costs. These companies also provide access to valuable resources and expertise that wouldn’t be available from other sources.
As technology continues to advance, professional and commercial services are becoming even more important for businesses across the United States. Companies are utilizing these services to generate greater profits, reduce costs, improve their customer service, and gain an edge over competitors.
Business owners can leverage the knowledge and expertise of these services to develop more efficient processes and practices. This allows companies to keep up with changing industry trends and remain competitive.
Professional and commercial services are also essential in helping organizations grow. They provide targeted solutions to fit the specific needs of a company, helping them to reach their goals faster.
Moreover, they help companies to identify and address issues quickly, enabling them to stay ahead of their competition. Furthermore, these services help businesses to comply with laws and regulations, ensuring compliance and avoiding potential penalties or lawsuits.
In conclusion, professional and commercial services are becoming increasingly important to businesses in the United States in 2023. The range of services they offer can help businesses to reduce costs, save time, and remain competitive. As technology continues to evolve, professionals and commercial services will become even more essential in helping organizations reach their goals.
Here are the top 10 best professional & commercial services companies in USA in 2023
Amazon – Amazon is one of the world’s largest technology companies. Founded by Jeff Bezos in 1994, Amazon started as an online bookstore and has since grown to become a leader in the e-commerce industry, offering a wide range of products and services.
The company operates in three main segments: Amazon Web Services (AWS), retail, and physical stores. AWS is Amazon’s cloud computing platform and is used by many of the world’s largest organizations for their web hosting, database storage, and other computing needs.
Retail services include Amazon Prime, an online marketplace featuring millions of products from third-party sellers, and Amazon Marketplace, which allows customers to compare prices on different items.
Also, Amazon operates physical stores throughout the United States and recently began offering grocery delivery services. The company also owns Whole Foods Market, an organic supermarket chain.
In addition to its core business activities, Amazon also offers various services, such as digital media and streaming services, artificial intelligence services, and logistics services.
The company has been incredibly successful in its growth, becoming the second largest employer in the United States, with over 1.2 million employees worldwide in 2021. Its success is attributed to its strong leadership, innovative approach to customer service, and commitment to ethical standards in its operations and supply chain.
Amazon is constantly pushing the envelope when it comes to technology, artificial intelligence, and customer service, making it one of the most forward-thinking companies in the world.
Microsoft – Microsoft is a leading technology company that specializes in computer software, electronics, cloud computing services, and more. Founded in 1975 by Bill Gates and Paul Allen, Microsoft has grown to become one of the most well-known and influential companies in the world.
Microsoft offers a wide variety of products and services which include the Windows Operating System, Office Suite, Azure cloud platform, Xbox gaming console, Surface tablets, Bing search engine, and many others. Microsoft also provides industry-leading customer support, helping customers find answers to their questions quickly and conveniently.
Microsoft’s mission is to “empower every person and every organization on the planet to achieve more.” Over the years, Microsoft has remained committed to this mission, investing in innovative technologies such as artificial intelligence and blockchain, developing groundbreaking products and services, and creating opportunities for people around the world through education and philanthropy.
Microsoft is well-positioned to continue its success into the future and is committed to helping create a better future for all.
IBM – IBM is a global technology company that has been in business for over a century. They specialize in the development of software and hardware solutions, cloud computing solutions, artificial intelligence solutions, and IT services. As of 2020, they employ over 350,000 people worldwide and have operations in over 170 countries.
IBM’s products and services range from enterprise applications such as SAP, Oracle, and Microsoft to consumer offerings like PCs, laptops, and mobile phones. Their products have found success with businesses in many industries, such as banking, government, healthcare, retail, and telecommunications.
They are also heavily involved in research and development and have invested billions of dollars in areas such as quantum computing, data analytics, blockchain, and cognitive computing. IBM is perhaps best known for its legacy system Watson, which is a powerful computer that can learn from human interactions. IBM is also very active in the open-source community and has released a number of popular tools and frameworks.
In addition to its many technological achievements, IBM is also a major player in corporate social responsibility initiatives. They prioritize sustainability in all aspects of their business, minimizing their environmental footprint while also utilizing renewable energy sources.
They also created an AI Ethics Board to ensure that their AI systems are used responsibly and ethically. They have also developed a number of programs to help improve education, health, and safety around the world.
Google – Google is one of the world’s leading technology companies. Founded in 1998 by Larry Page and Sergey Brin, it has gone on to become a leader in areas such as search, online advertising, cloud computing, hardware, and software. Google has its own suite of products, including Chrome OS, Android, Gmail, YouTube, Maps, Photos, Google Docs, Drive, and more.
It also offers services such as Google Pay, Google Maps, and Google Play. Google’s mission is to “organize the world’s information and make it universally accessible and useful.” To achieve this goal, Google continues to invest in research and development, with products and services that are designed to help people stay connected, learn more, and get things done.
Google has over 80,000 employees worldwide, with offices in more than 50 countries. Its main headquarters is located in Mountain View, California. The company has a strong commitment to corporate responsibility and works to promote diversity, inclusion, and sustainability.
Google strives to offer the best products and services available while remaining focused on the user experience. Its core values are centred around innovation, collaboration, and trust.
By investing in new technologies and partnerships, Google is committed to creating a better future for everyone.
Oracle – Oracle Corporation is a multinational computer technology corporation headquartered in Redwood Shores, California. Founded in 1977 by Larry Ellison, Bob Miner and Ed Oates, Oracle has grown to be one of the largest software companies in the world.
Oracle provides various products and services, including cloud infrastructure, business applications, enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), data warehousing, analytics and artificial intelligence (AI).
Oracle also offers services such as consulting, managed services, hardware and software maintenance, upgrades, system design and training. More than 420,000 customers use Oracle’s products in over 145 countries around the world. Oracle is dedicated to providing customers with an integrated suite of products and services to help them optimize their operations and increase their competitive advantage.
Oracle’s state-of-the-art technologies are designed to support a broad range of industries, from financial services and insurance to healthcare, telecommunications and retail. The company continues to innovate, introducing new products and services that provide customers with advanced capabilities and value.
Oracle offers a comprehensive set of tools to help customers develop and manage applications for the cloud, mobile, IoT and more. Its industry-leading products and services help customers maximize performance, reduce complexity and cost, and ensure continuity and security.
With Oracle, customers can move quickly, efficiently and effectively to maximize the value of their data.
Accenture – Accenture is a global professional services company that provides strategy, consulting, digital, technology and operations services. Founded in 1989, Accenture now employs more than 500,000 people in over 120 countries. The company is headquartered in Dublin, Ireland and is listed on the New York Stock Exchange.
Accenture’s mission is to help organizations across all industries and geographies realize their full potential and become high-performance businesses. To achieve this, Accenture combines strategy, technology, data and analytics to create tailored solutions for clients.
As a result, Accenture helps them improve their business performance by providing expertise in areas such as digital transformation, customer experience, cloud computing, supply chain optimization and cybersecurity. With a focus on innovation, Accenture also works to develop new technologies and products that can help its clients stay ahead of the competition.
From creating groundbreaking artificial intelligence (AI) platforms to developing augmented reality (AR) applications, Accenture works to bring forward-thinking solutions to the market. Moreover, Accenture is committed to helping build a better future through its responsible business practices, which include investing in social initiatives, such as education, environmental sustainability and workforce development.
Ultimately, Accenture seeks to empower people and organizations across the globe so they can discover and realize their potential.
Deloitte – Deloitte is one of the world’s leading professional services firms providing audit, consulting, tax, and advisory services. Founded in 1845, Deloitte operates in over 150 countries and employs over 270,000 people. Deloitte prides itself on being an organization that works collaboratively with the purpose of making an impact that matters in the world.
The firm has four distinct business segments – audit and assurance, consulting, financial advisory, and risk and financial management. Deloitte has expertise in almost every major industry, including manufacturing, energy, financial services, technology, retail, life sciences, healthcare, and government.
Its services range from sustainability, strategy and operations to IT, risk, and tax solutions. Deloitte also provides consulting services related to mobility, digital transformation, and security, as well as support for clients in areas such as compliance and data analytics.
Deloitte’s core values are Integrity, Quality, Professionalism, Teamwork and Entrepreneurship, which guide its commitment to delivering exceptional service and solutions to its clients. The company also prides itself on fostering a culture of inclusion and creating an environment of trust, respect and collaboration among its employees.
Deloitte invests heavily in its people, offering development experiences, career path opportunities, and innovative learning approaches in order to help them reach their full potential.
Cognizant – Cognizant is a leading professional services company that provides digital transformation, technology, and consulting services to businesses around the world. Founded in 1994 and headquartered in Teaneck, New Jersey, Cognizant has over 300,000 employees located in more than 50 countries.
Cognizant works with many of the world’s largest companies in industries such as financial services, healthcare, life sciences, manufacturing, retail, hospitality, and media & communications. Cognizant’s comprehensive portfolio of services includes consulting, technology, application development, systems integration, BPO, infrastructure, analytics and AI, cybersecurity, cloud, and digital engineering.
The Cognizant team helps organizations innovate and evolve their businesses to stay ahead of the competition. Our experienced professionals help clients unlock greater value from technology, create compelling customer experiences, and optimize processes for cost savings and efficiency.
With our global presence, Cognizant serves customers in all major markets and across multiple industries, with delivery centres in strategically-located regions around the world.
Infosys – Infosys is a global technology services and consulting company headquartered in Bangalore, India. Founded in 1981, it provides IT-enabled business solutions to help enterprises transform and thrive in the digital age.
With over 257,000 employees spread across 46 countries, Infosys is one of the world’s largest publicly traded IT companies. The firm focuses on four core areas: Consulting, Technology Services, Business Process Outsourcing, and Product Engineering.
Infosys offers a wide range of services, such as IT infrastructure, application development, enterprise applications, cloud computing, analytics and insights, artificial intelligence, blockchain, and enterprise mobility. It also provides industry-specific solutions for multiple verticals, including manufacturing, banking, financial services, retail, insurance, energy, communications, and media.
The company has some of the world’s leading brands as its clients, such as Walmart, Microsoft, Oracle, BMW, Intel, UBS, and Rolls Royce. Infosys has made significant contributions to the Indian economy by creating jobs and providing training opportunities to job seekers. It also works with various government bodies to promote digital inclusion and reduce the digital divide.
Infosys has been consistently ranked amongst the most admired companies in India and globally. It has received numerous awards and accolades, including being ranked among the Forbes Global 2000 list and the World’s Most Innovative Companies by Fast Company. The company has also been featured in the United Nations Global Compact’s list of ‘Companies Contributing to the Sustainable Development Goals’.
Capgemini – Capgemini is a global consulting, technology services and digital transformation company that specializes in helping organizations become customer-centric, innovative and agile.
Founded in 1967, the company has over 270,000 employees in over 50 countries working with clients to provide consulting and technology services across multiple industries. Capgemini helps companies create value through technology, drive innovation and reduce costs. They also help organizations design better customer experiences and create new products and services.
Capgemini offers a wide range of services, such as application development, digital strategy, process automation, cloud solutions, enterprise architecture, data & analytics, DevOps, security, intelligent automation, and business intelligence. Services are tailored to fit each client’s unique needs and are delivered through an end-to-end portfolio.
The company is also known for its strong commitment to sustainability, with initiatives like carbon footprint reduction, renewable energy investment, and waste reduction. It was included in the 2020 Carbon Disclosure Project (CDP) A-List for climate action.
In addition, Capgemini strives to ensure ethical practices and corporate governance throughout its operations. The company has been named one of the World’s Most Ethical Companies by Ethisphere Institute for 11 years in a row.
With offices all over the world, Capgemini is a global leader in providing IT and consulting services. They strive to deliver superior results and help organizations succeed in today’s rapidly-evolving digital landscape.
CONCLUSION
2023 has seen sustained growth in the professional and commercial services sector in the United States, with many companies expanding their operations across the country. This has been driven by increasing demand for specialized services such as IT, financial services, and marketing support.
Companies have benefited from the availability of skilled professionals, government incentives, and increased investment in technology, enabling them to offer competitive rates and high-quality services.
As a result, customers in the US are now able to access a wide range of services that meet their needs at a lower cost. The professional and commercial services industry is expected to continue to grow in 2023 and beyond.
