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Scientific & Economic Consulting in the US: Market Research Report

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

Scientific & Economic Consulting Market Research Report | NAICS 54169 | Mar 2017

Expert opinion: Already highly popular, the industry will be in even higher demand in coming years

IBISWorld’s Scientific & Economic Consulting market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$37bn
Annual Growth 12-17
4.0%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
234,151
Businesses
137,417
Industry Threats & Opportunities
  • Niche scientific and financial consulting services will drive growth
  • In contrast to the private sector, demand from the federal government stagnated
  • Innovative and profitable operations in genomics and pharmaceuticals are likely to be a source of growth
  • ... purchase to read more

Industry Analysis & Industry Trends

The Scientific and Economic Consulting industry has grown over the five years to 2017, aiding in the postrecessionary recovery and subsequent growth of related industries. The industry provides consulting services to a diverse range of markets with varying degrees of specialization in products and service which allowed it to sustain growth despite declines in demand from certain markets. Continually improving economic conditions are expected to provide the industry with solid growth over the next five years. Rising consumer sentiment and household disposable income are forecast to increase corporate profit margins, creating demand for scientific and economic consultants... ... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Scientific and Economic Consulting industry is in the growth stage of its economic life cycle. The industry is characterized by growth higher than that of the overall economy and an introduction of new services to meet client needs. Furthermore, the industry involves a moderate level of technological change to stay current with evolving industries. Over the past five years, the industry has fared well, achieving growth four out of five years.

Industry value added (IVA), used to measure an industry's contribution to the overall industry, is projected to grow an annualized 3.5% over the 10 years through 2022. This is considerably faster than the overall economy, which is forecast to grow at an annualized rate of 2.0% over the same period. Gro.. ... purchase to read more

Additional Insights for the Scientific & Economic Consulting Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scientific & Economic Consulting Industry are

  • Effective cost controls
  • Access to niche markets
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Research and development expenditure in the Scientific & Economic Consulting industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Scientific & Economic Consulting Industry?

    Companies in this industry provide advice and assistance to businesses and other organizations on scientific and technical issues. The industry includes a range of specialist consulting activities, primarily in the areas of economic, energy and mineral, security and agricultural analysis. This industry excludes establishments that derive their revenue primarily from environmental consulting and remediation, geophysical surveying and mapping or oil and gas exploration.

    Industry Products
    Energy, mining and geological consulting servicesAgricultural, fisheries and biological consulting servicesEconomic consulting servicesSafety and security consulting servicesOther consulting services
     
    Industry Activities
    Economic consulting servicesAgricultural, agrology and agronomy consulting servicesBiological consulting servicesScientific (i.e. physics/chemistry) consulting servicesEnergy consulting servicesHorticultural consulting servicesLivestock breeding consulting servicesNuclear energy consulting servicesSafety consulting servicesSecurity consulting services


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Research and development expenditure
  • Government consumption and investment
  • Demand from mining
  • Demand from scientific research and development
  • Current Performance
  • Private sector growth
  • Other market performance
  • Industry structure and profit
  • Chart: Revenue Growth
  • Industry Outlook
  • Growth segments
  • Consolidation and specialization
  • Table: Scientific & Economic Consulting Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scientific & Economic Consulting Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Utilities
  • Manufacturing
  • Transportation and Warehousing
  • Real Estate and Rental and Leasing
  • Professional, Scientific and Technical Services
  • Public Administration
  • National Security and International Affairs
  • Key Selling Industries
  • Commercial Leasing
  • Computer & Packaged Software Wholesaling
  • Computer Stores
  • Finance and Insurance
  • IT Consulting
  • Laboratory Supply Wholesaling
  • Office Supply Stores
  • Products & Services
  • Other consulting services
  • Agricultural, fisheries and biological consulting services
  • Economic consulting services
  • Energy, mining and geological consulting services
  • Safety and security consulting services
  • Chart: Scientific & Economic Consulting Industry Products and Services Segmentation
  • Demand Determinants
  • Growth in outsourcing
  • Research and development expenditures
  • Downstream demand
  • Major Markets
  • Businesses and farms
  • Federal government
  • State and local governments
  • Nonprofit organizations
  • Individuals
  • Chart: Major Market Segmentation for the Scientific & Economic Consulting Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Scientific & Economic Consulting
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scientific & Economic Consulting Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Scientific & Economic Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Scientific & Economic Consulting Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Corporate Profit (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Agronomy
  • Research and development related to studying and improving plant-based agriculture.
  • Private And Public Litigation
  • Litigation involving companies that are facing lawsuits from clients or interested third parties; economic consultants are often called in to help.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • Sequestration
  • Automatic budget cuts caused by excessive budget deficits.

  • Why Buy this Report?
    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 Scientific & Economic Consulting:
    • 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 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 Scientific & Economic Consulting 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 Scientific & Economic Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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