Business services are a large part of the economy and offer a variety of job opportunities. A career in this field can be challenging but offers many benefits.
In the broadest sense, business services are activities that help businesses yet don’t produce a tangible product. They are a major part of the global economy and include everything from IT support to logistics (including travel, shipping and waste management) to administrative services, employment support and even security and cleaning services.
Companies need business-to-business services for various reasons, including to save time and resources, increase profitability, focus on core operations and expand their reach to new customers. The business services industry is highly diverse and includes both the finance sector, which focuses on money matters, as well as the miscellaneous support industries, such as marketing, consultancy, and information technology services.
The future looks bright for the business service industry, especially in the EU where it accounts for 11% of the GDP and is an important driver of growth in other services sectors and manufacturing through the ‘servitisation’ of Europe’s economy. The sector is also an essential part of the wider global economy and supports global competitiveness through increased value addition to products through new combinations of goods and services.
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