Over the five years to 2017, demand for the Stenographic Services industry has faltered as courts have increasingly cut back expenses amid massive budget cuts. More courts have been outfitting their courtrooms with digital recording systems, thus replacing the need for in-person stenographers. As a result, IBISWorld estimates that industry revenue will contract over the five years to 2017. Over the five years to 2022, the Stenographic Services industry will continue to decline amid heightened competition and rapid technological change.
This industry provides verbatim reporting and stenotype reporting of live legal proceedings and then transcribes subsequent recorded materials. Non-court stenography services for depositions and related proceedings are included.
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.