Professional, Scientific and Technical Services in the US - Industry Market Research Report

Professional, Scientific and Technical Services in the US

In recent years, consumer spending and business investment growth drove growth for the sector. The sector even grew in 2020 amid the outbreak of COVID-19. Demand for architects, engineers, lawyers and interior designers surged alongside a booming housing market. Advertisers enjoyed heightened demand in 2020 as companies demanded COVID-19-focused advertising campaigns. Sector-wide revenue has been growing at a CAGR of 3.6% over the past five years and is expected to total $3.1 trillion in 2023, when revenue will increase by an estimated 0.3%.

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.