2019 Professional, Scientific, and Technical Services Market Research Report
Over the past 3 years, the Professional, Scientific, and Technical Services industry in the U.S. has averaged annual growth of 5.2% to reach $1842.4 billion in revenue. The 2019 Professional, Scientific, and Technical Services Market Research Report is an in-depth evaluation of the industry in the United States.
The Professional, Scientific, and Technical Services sector includes companies that specialize in performing professional, scientific, and technical activities for others. These activities require a high degree of expertise and training. The companies in this sector specialize according to expertise and provide these services to clients in a variety of industries and, in some cases, to households. Activities performed include: legal advice and representation; accounting, bookkeeping, and payroll services; architectural, engineering, and specialized design services; computer services; consulting services; research services; advertising services; photographic services; translation and interpretation services; veterinary services; and other professional, scientific, and technical services.
The report is based on extensive and comprehensive business surveys and is utilized for a range of strategic purposes, including benchmarking, due diligence, cost-cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
Below are select highlights from the report:
In 2018, industry sales were $1842.4 billion
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Over the past 3 years, the industry has grown at an annual rate of 5.2%
The report has historical, annual and forecasted growth rates
There are 835,075 companies in the industry
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SALES PER COMPANY
In 2018, the average sales per company were $2.1 million
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INFLATION & PRICING
2019 forecasted inflation is 3.3%
The report has historicals, 4 years of monthly figures, and the 5-year forecast
For unprofitable companies, the average net loss is -9.9%
The report has more on market and profitability dynamics
Employee productivity is $197,048
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3.3% of expenses are spent on health insurance
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In 2018, industry operating expenses grew 3.5%
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In 2018, payroll per employee was $75,258
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PAYROLL BY STATE
California averages $91,077 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
9.7% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $20.89
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The above highlights represent a small fraction of what you will find in this report.
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