There are two basic things that a business needs to survive: a product or service to sell and customers willing to pay for it. With this in mind, it should come as no surprise that companies of all sizes rely on a variety of business services to help them function, meet customer demands and achieve their strategic goals.
Whether it’s shipping, administrative support, janitorial, waste handling or something else entirely, every company relies on at least one type of business service. And the industry is diverse enough to offer plenty of options for those interested in pursuing careers within it.
A wide variety of sectors fall under the category of business services, including consulting, marketing, transportation, warehousing and even cleaning services. And the industry is growing rapidly, as it’s estimated that the global business services market will be worth more than $950 billion by 2021.
As the world’s economy continues to evolve, business services will be needed more than ever. This is especially true of the digital economy, where businesses will continue to depend on services to help them stay competitive and connect with customers in new ways.
Business services encompass all of the non-financial services that a business provides. These include a broad range of activities from information technology to marketing and consulting. A common form of business service is known as a “product as a service,” which refers to the use of a product for a fee, rather than purchasing it outright and owning it.