Jotting down: Digital recording systems will threaten demand for courtroom stenographers

Over the five years to 2017, demand for the Stenographic Services industry has faltered as courts have increasingly cut back expenses amid massive budget cuts. More courts have been outfitting their courtrooms with digital recording systems, thus replacing the need for in-person stenographers. As a result, IBISWorld estimates that industry revenue will contract over the five years to 2017. Over the five years to 2022, the Stenographic Services industry will continue to decline amid heightened competition and rapid technological change...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-0.9%
Forecast Growth 17-22
Profit
Employment
12,804
Businesses
4,835
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Courts have been outfitting their courtrooms with digital recording systems, thus replacing the need for in-person stenographers
  • Competition from digital recording systems will continue to threaten industry operators
  • Stenographers will increasingly find opportunities outside the courtroom
  • Industry Report - Industry Analysis Chapter

    The Stenographic Services industry is gradually declining as technology improves and downstream markets opt for digital alternatives. Demand for stenographic services is largely dependent on government expenditure and legal activity, as stenographers are hired and paid for by local, state and federal courts. Stenographers attend legal proceedings and other public speaking events and create transcriptions, as well as provide closed captioning for individuals with hearing imparities.Over the five years to 2017, in light of budget cuts, state courts have increasingly cut back on expenses. One way courts trim expenses is by outfitting courtrooms with digital recording devices to replace the need for stenographers, thus reducing demand for stenographic services in the courtroom. For...purchase to read more.

    Additional Insights for the Stenographic Services Industry

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

  • Access to highly skilled workforce
  • Prompt delivery to market
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Government consumption and investment and Demand from law firms in the Stenographic Services industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Stenographic Services Industry?

    This industry provides verbatim reporting and stenotype reporting of live legal proceedings and then transcribes subsequent recorded materials. Non-court stenography services for depositions and related proceedings are included.

    Industry Products
  • Local government stenographic services
  • State government stenographic services
  • Other stenographic services
  • Industry Activities
  • Stenotype recording
  • Voice writing
  • Taking depositions
  • Closed captioning
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government consumption and investment
  • Demand from law firms
  • Private investment in computers and software
  • Crime rate

  • Current Performance
  • Going digital
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Alternative markets
  • Industry landscape
  • Table: Stenographic Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Stenographic Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Law Firms
  • Public Administration

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Copier & Office Equipment Wholesaling
  • Paper Wholesaling
  • Printing

  • Products & Services
  • Local government stenographic services
  • State government stenographic services
  • Other stenographic services
  • Other
  • Chart: Stenographic Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Local courts
  • State courts
  • Other
  • Chart: Major Market Segmentation for the Stenographic Services Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Stenographic Services 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 Stenographic Services 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 Stenographic Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Crime rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Communication Access Real-Time Translation (Cart)
  • Services that allow for instant translation of spoken words into text by using a stenotype machine, computer or real-time software on a local or remote basis.
  • Stenograph Machine
  • An electronic device, similar to a keyboard, with only 25 keys and a memory card that records the day's typing.
  • Voice-Recognition Technology
  • Technology that transcribes spoken words to on-screen text.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Stenographic Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Stenographic Services:
    • 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 Stenographic Services 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 Stenographic Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear