Over the past five years, this Professional Organizations industry has benefited from growing employment, which increases the potential pool of members for a range of organizations. Furthermore, rising corporate profit levels, which raise the propensity of employees or employers on behalf of employees to pay membership dues for industry services, and increasing disposable income levels have also boosted industry revenue over the five years to 2017. Over the next five years these trends are expected to hold, and declining unemployment and rising disposable income and corporate profit will increase the amount of potential members. However, operators will increasingly need to attract a younger, tech-savvy membership moving forward, to replace the cohort of members entering retirement.
This industry includes organizations that are primarily engaged in promoting the professional interest of their members and their profession as a whole. These organizations conduct research, develop statistics and certification standards, lobby or publish materials for members.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.