1.2 Why are services important?
1.2 Why are services important?
Free Course: What is Service Design?
1. What is Service Design
1. What is Service Design
2. Where does Service Design come from?
2. Where does Service Design come from?
3. What do Service Designers do?
3. What do Service Designers do?
5. The tools and methods of Service Designers
5. The tools and methods of Service Designers
6. The terminology that Service Designers use
6. The terminology that Service Designers use
7. Who does Service Design?
7. Who does Service Design?
According to World Bank Open Data, the service sector, known as the tertiary sector, had an added value of 48.509 trillion dollars worldwide in 2016. This is a substantive value. In fact, it’s so huge, it is quite hard to comprehend. So, let’s take a simpler view of the same.
If we look at Switzerland, the small country I currently reside in, the service sector accounts for over 70% of the GDP.
Worldwide, the service sector accounts for over 60% of the GDP. Moreover, this has been the trend for several years!
Based on such varied data, we can say that the service sector is, and has been over a considerable time, the heart of our economies. As much we take care of our human hearts, we should also take care of the heart of our economies. This is why services are important.