Over the past five years, demand for the Stenographic Services industry has faltered as courts have increasingly cut back expenses amid massive budget cuts. More courts have outfitted their courtrooms with digital recording systems, removing the need for in-person stenographers. However, despite mounting external competition, an uptick in legal activity over the past five years is expected to support a modest expansion for the industry. Over the five years to 2023, the industry will continue to endure challenges amid heightened competition and rapid technological change. More courts are consequently expected to move away from in-person stenographers toward digital recording systems, thus reducing demand for stenographers in the courtroom.
This industry provides verbatim reporting and stenotype reporting of live legal proceedings and then transcribes subsequent recorded materials. Noncourt 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.