Looking sharp: Operators will increase their social media presence to attract new members

Over the past five years, this Professional Organizations industry has benefited from growing employment, which increases the potential pool of members for a range of organizations. Furthermore, rising corporate profit levels, which raise the propensity of employees or employers on behalf of employees to pay membership dues for industry services, and increasing disposable income levels have also boosted industry revenue over the five years to 2017. Over the next five years these trends are expected to hold, and declining unemployment and rising disposable income and corporate profit will increase the amount of potential members. However, operators will increasingly need to attract a younger, tech-savvy membership moving forward, to replace the cohort of members entering retirement...purchase to read more.

Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 12-17
1.5%
Forecast Growth 17-22
Profit
Employment
89,079
Businesses
7,022
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • This industry has benefited from growing employment, which increases the potential pool of members
  • Many operators have raised membership dues at faster rates than membership volumes
  • Professional organizations will hire more workers to improve their outreach efforts
  • Industry Report - Industry Analysis Chapter

    Professional organizations are composed of individual members who share a common occupation. These associations promote the professional interests of their members while also supporting their field more broadly. To achieve these goals, industry operators undertake a range of activities, such as conducting research and compiling statistics; publishing directories, periodicals and books; sponsoring quality and certification standards; providing training, testing and examination services; and lobbying government officials for favorable regulations. In addition, industry associations organize seminars, conferences, trade shows and other events for members to attend...purchase to read more.

    Additional Insights for the Professional Organizations Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Professional Organizations Industry are

  • Access to volunteer labor
  • Having a good reputation
  • Ability to attract new members
  • IBISWorld analysts also discuss how external factors such as Number of employees and Per capita disposable income in the Professional Organizations industry impact industry performance..

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    What's in this report

    What is the Professional Organizations Industry?

    This industry includes organizations that are primarily engaged in promoting the professional interest of their members and their profession as a whole. These organizations conduct research, develop statistics and certification standards, lobby or publish materials for members.

    Industry Products
  • Membership services
  • Testing and training services
  • Organizing seminars, conferences and other events
  • Contributions
  • Publishing services
  • Industry Activities
  • Promoting the professional interests of members and the profession as a whole
  • Conducting research
  • Developing statistics
  • Sponsoring quality and certification standards
  • Lobbying public officials
  • Organizing seminars, conferences, trade shows and other events
  • Publishing directories, periodicals and books
  • Providing training, testing and examination services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of employees
  • Per capita disposable income
  • Corporate profit
  • Domestic trips by US residents

  • Current Performance
  • Industry landscape
  • Challenges to growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Changing conditions
  • Ongoing challenges
  • Table: Professional Organizations Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Professional Organizations Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Professional, Scientific and Technical Services
  • Educational Services
  • Healthcare and Social Assistance

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Copier & Office Equipment Wholesaling
  • Janitorial Services

  • Products & Services
  • Other
  • Membership services
  • Organizing seminars, conferences and other events
  • Contributions
  • Testing and training services
  • Publishing services
  • Chart: Professional Organizations Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other
  • Healthcare
  • Professional services
  • Education
  • Research and engineering
  • Finance, accounting, banking and insurance
  • Chart: Major Market Segmentation for the Professional Organizations Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Professional Organizations

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Professional Organizations Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Professional Organizations Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Professional Organizations Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Member Acquisition
  • Process of gaining new members that acts as a performance metric for the professional organization.
  • Member Renewal
  • Process of retaining existing members that acts as a performance metric for the professional organization.
  • Professional Organizations
  • Associations that are primarily engaged in promoting the professional interest of their members and their profession as a whole.
  • What Our Customers Say

    Why buy this report?

    The Professional Organizations Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Professional Organizations:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Professional Organizations market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Professional Organizations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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