The Business services sector is one of the largest and fastest-growing sectors in the European economy. It contributes 11% of the EU’s GDP and is essential to manufacturing and other service industries.
Technology has transformed business services and continues to accelerate changes in the industry. Businesses are looking for fast, flexible solutions and startups have emerged to meet these changing needs. New communication technologies and infrastructures are also enabling companies to scale and reach new markets, while making it easier to work remotely and collaborate globally.
These trends are reflected in the emergence of new types of business services, including e-commerce and marketplaces, software as a service, business process outsourcing, virtual offices and shared workspaces. Business services are helping companies to scale and adapt to changing market conditions by enabling them to provide better and more efficient customer experiences, while reducing operating costs and increasing productivity.
Whether it’s providing advice, training or support, companies are offering more and more services to their customers. Many of these services can be delivered digitally, which increases speed and convenience for the customer, but some, like delivery and logistics services, are more tangible. This article explores the most popular types of business services and how they are evolving as new technologies are developed.
You agree to the Snap Merchant Terms and Supplemental Business Services Terms, as amended from time to time. The entity you contract with for the Business Services depends on where you live (for an individual) or where your entity’s principal place of business is located (for an entity). The prevailing party in any action arising out of or relating to these Business Services Terms will be entitled to recover its reasonable legal fees and costs.