Industry Analysis & Industry Trends
Over the past five years, federal stimulus spending has been the primary source of funding for the Scientific Research and Development industry. Industry operators largely rely on government funding to provide research activities, but private investment has become increasingly crucial in recent years. Government consumption and investment rose to its highest point in 2010; however, more recently these levels have fallen away as austerity measures and budget sequestration shrink potential budget allocations. In the coming years, the industry is expected to maintain growth as industry revenue accelerates due to stronger private spending... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Scientific Research and Development industry is in the mature stage of its economic life cycle. Industry maturity is characterized by growth roughly in line with the overall economy, consolidation from the industry's largest players and established market acceptance.
Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to grow at an average annual rate of 2.2% over the 10 years to 2021. This growth is expected to be roughly in line with the overall economy, which is forecast to grow 2.1% over the period. In the five years to 2016, growth in IVA has been mitigated by wages falling as a proportion of revenue and contracting profit margins... purchase to read more