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Expert Witness Consulting Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Expert Witness Consulting Services Market Research Report | Advisory & Financial Services | Legal Services | Dec 2015

Expert testimony: More civil court cases and increased budgets will heighten industry demand

IBISWorld’s Expert Witness Consulting Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$189m
Annual Growth 10-15
-1.3%
Annual Growth 15-20
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Profit
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Employment
3,662
Businesses
2,442
Industry Analysis & Industry Trends

During the recession, demand for the Expert Witness Consulting Services fell due to lower corporate profits and tightened government budgets. However, as the economic downturn's aftereffects start to dwindle away, demand for industry services will rise as budgets return to prerecessionary levels. In the next five years, the industry is set to benefit from an increase in per capita disposable income, government consumption and investment, corporate profit and strengthened demand from law firms. Despite these improvements, expert witness consulting firms will continue to face competition from large consulting firms and law firms that have a general counsel or in-house legal team with expert witnesses.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Expert Witness Consulting Services industry is in the mature phase of its industry life cycle. The services provided by industry operators are relatively stable and clearly defined. Furthermore, the industry serves a variety of established markets, with access to new markets limited due to the industry's already wide reach.

In the 10 years to 2020, industry value added (IVA), which represents the industry's contribution to the overall economy, is projected to remain steady, with 0.0% annualized growth. Over the same period, US GDP is projected to increase at an annualized rate of 2.2%. As a result, the industry's importance to the economy is slightly decreasing... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Expert Witness Consulting Services Industry?

This industry provides witnesses to offer expertise and specialized knowledge within particular subject areas in court cases. This does not include in-house expert witnesses from firms that have a general counsel or legal team.

Industry Products
Economic expertsEnergy, mining and geological expertsMedical and safety expertsAgricultural, fisheries and biological expertsOther experts
 
Industry Activities
Providing economic expertsProviding energy, mining and geological expertsProviding medical and safety expertsProviding agricultural, fisheries and biological experts


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