Business services are activities that benefit businesses without supplying a physical product. They include marketing, warehousing, inter and intra-departmental communication, and more. They are different from economic services in that goods can be stockpiled and sold at a later date, while services can only be rendered when required.

In recent years, the global business services industry has been growing rapidly, thanks to new technologies and rising demand for highly skilled labor. For example, many companies require warehousing services to streamline shipping and logistics functions, while firms with specialized needs often turn to market research professionals for help. In addition, many industries now rely on technology to support operational processes and enable them to work more efficiently.

These changes have also created new opportunities for startups to offer business services in an increasingly diverse range of industries. Some of these services are aimed at improving productivity, while others are more oriented toward improving the work environment for employees. For instance, some firms hire interpreters and translators to help them reach customers who speak different languages. Other services focus on enhancing employee well-being, such as providing workout facilities and transportation options. And some of these services are based on technology, such as a company’s IT team helping to troubleshoot computer and network issues. Lastly, some of these services are personal, such as offering a massage at the workplace or giving employees access to relaxation areas. These perks can boost morale and improve productivity.