The global services trade is poised for significant growth, projected to reach $11.7 trillion by 2032, driven by geopolitical changes and the increasing importance of digital services. As governments assert greater control over data and digital platforms, companies are shifting from global to regional service models to comply with varying regulations. This fragmentation complicates operations and raises costs, as firms must tailor their offerings to meet local requirements. The U.S. leads in services exports, with a notable surplus, while countries like China are rapidly increasing their service export capabilities. However, the rise of non-tariff measures and regulatory actions poses new vulnerabilities for service providers, making it essential for businesses to anticipate disruptions and adapt their strategies accordingly.