GITNUX MARKETDATA REPORT 2024

Serviceable Industry Statistics

Serviceable Industry Statistics should provide accurate and relevant data on various facets within specific industries to assist in decision-making and strategic planning.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore a wealth of statistics highlighting the significance and impact of the service industry on a global scale. From the exponential growth projections to the substantial contributions to various countries’ GDPs, these figures shed light on the service sector’s pivotal role in the world economy. Let’s delve into the compelling data that define the serviceable industry landscape.

Statistic 1

"In 2020, the revenue of the business and office services industry amounted to approximately $155 billion."

Statistic 2

"Industrial services market size was USD 33.56 billion in 2019."

Statistic 3

"Industrial services market size is projected to reach USD 55.18 billion by 2026 at a CAGR of 6.4 percent."

Statistic 4

"Service-based businesses make up 4 out of the top 5 fastest-growing industries."

Statistic 5

"Services sector makes up 70% of the global GDP."

Statistic 6

"The total U.S. service industry output in 2019 was $15.5 trillion."

Statistic 7

"The service industries sector is the largest sector in India’s GDP, with a 54% share in 2018-19."

Statistic 8

"UK service sector makes up 81% of their GDP."

Statistic 9

"The service industry accounts for 68.2% of GDP in South Korea."

Statistic 10

"Services sector contributed over 60% of China's GDP in 2020."

Statistic 11

"The service sector in Canada employs 79.2% of the workforce."

Statistic 12

"In 2021, more than 57 percent of the total working population in the European Union (EU) was employed within the service sector."

Statistic 13

"Service sector employment in the U.S. in 2021 stood at 125.49 million."

Statistic 14

"The Business services market in Australia has been forecast to reach nearly $116 billion in 2021–22."

Statistic 15

"Service based companies constitute 35% of the S&P 500 index."

Statistic 16

"The service sector in Brazil has grown by 0.7% in 2021."

Statistic 17

"In Japan, services sector accounted for around 70% of GDP as of 2019."

Statistic 18

"In France, Professional, scientific and technical activities sector has seen an annual growth rate of 1% in 2020."

The statistics presented highlight the significant impact and growth of the service industry worldwide. With service-based businesses leading as some of the fastest-growing industries and contributing substantially to various countries’ GDPs, it is evident that the service sector plays a crucial role in modern economies. The service industry’s continuous expansion and dominance across different regions emphasize its importance in driving economic development and providing substantial employment opportunities.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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