Industry Analysis & Industry Trends
Transcription triumph
Although industry growth took a hit during the recession, revenue is expected to continue climbing steadily. Advancements in technology and telecommunications may constrain domestic growth, though, since the pervasive nature of the internet allows the industry's services to be conducted almost anywhere in the world. As such, price-based competition will remain high and industry operators will have to set themselves apart from overseas operations... purchase to read more
Industry Report - Industry Analysis Chapter
The Document Preparation Services industry is sensitive to changes in economic activity because businesses generally outsource more noncore business services as corporate profit rises. Unfortunately for industry operators, the recession caused revenue to fall as businesses reduced spending on outsourced services. Industry operators often create marketing documents for companies, including brochures, flyers and pamphlets; however, many companies reduced spending on marketing activities, which hurt demand for this industry. As such, IBISWorld estimates that the industry's revenue decreased an annualized 0.3% during the five years to 2012... purchase to read more