Professional, Scientific, and Technical Services - US Industry Market Research Report (Covers 2010-2023)
The 2019 Professional, Scientific, and Technical Services Market Research Report is an in-depth assessment of the industry in the U.S. with over 100+ data sets covering 2010-2023.
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.
Our analysts created the report utilizing extensive business surveys and econometrics. Professionals utilize this report for market sizing, growth planning, benchmarking, due diligence, cost-cutting, strategic planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes insightful industry data sets such as historical and forecasted industry sales, operating expense details, product line breakdown, BCG matrix, financial ratios, benchmarks, payroll, state statistics, profitability, organizational analysis, revenue per employee, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, data by state, 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 was $2.1 million
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INFLATION & PRICING
2019 forecasted inflation is 3.2%
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 is 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 $97,252 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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