Professional, Scientific and Technical Services in the US
The Professional, Scientific and Technical Services sector has steadily grown over the past five years to 2018. Services offered by industry operators are primarily used by businesses and households; therefore, the state of the US economy (including corporate profit and disposable incomes) affect demand for the sector. Over the past five years, the US economy has strengthened and consumer confidence has increased. Over the next five years to 2023, the sector is expected to continue growing steadily. The sector is generally not affected by volatile factors, and thus, as a whole, does not experience large swings from year to year. Improving investor and consumer confidence will lead to a rise in demand for sector services.
This sector is primarily engaged in the undertaking of professional, scientific or technical services. Operators in this sector require a high degree of expertise and training in their chosen field. Operators in this sector then offer these services to a range of end user industries and household consumers.
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.
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