	Standard Report	Premium Report
Current State of the Industry
Market Size (industry trends)
Market Forecast (5-year projection)
Products/Services Breakdown
Revenue per State
Financial Metrics
Salary & Compensation Statistics
Public Company Information
Key Private Companies
Government Vendors
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2024 U.S. Industry Statistics & Market Forecast - Other Professional, Scientific, and Technical Services

Published: December 2024

Market Size & Industry Statistics

The total U.S. industry market size for Other Professional, Scientific, and Technical Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics	2019 2020 2021 2022 2023
Market Size (Total Sales/Revenue)		Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee

Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook	2024	2025	2026	2027	2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)

Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Other Professional, Scientific, and Technical Services industry include:

Rising demand for specialized expertise due to technological advancements
Increased outsourcing of technical services by businesses seeking cost efficiency
Greater integration of AI and machine learning tools for enhanced service offerings
Growing importance of cybersecurity services amid heightened digital threats
Expansion of services globally, driven by easier market access through digital platforms
Sustainability becoming a key factor in project and service delivery
Shift towards remote work models, influencing service delivery methods
Increased regulatory scrutiny and compliance requirements across sectors
Rising competition from freelancers and new tech-driven startups
Greater emphasis on data analytics and big data services
Adoption of blockchain technology in sectors like legal and finance services
Focus on personalized and tailor-made services for niche markets
Emergence of virtual reality and augmented reality in training and development services

Product & Services Breakdown

Research products and services in the Other Professional, Scientific, and Technical Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Digital Photo And Photofinishing Services
Consumer Credit Counseling And Credit Repair Services
Visual Inspection Of Electric Transmission Lines, Gas Lines, Or Pipelines
Pet Care Services
Pet Grooming Services
Pet Boarding Services
Pet Funeral Services
Other Pet Care Services
Business Brokering Services
Marketing Research Services
Marketing Research Services, Conducted By Telephone
Marketing Research Services, Conducted Over The Internet
Marketing Research Services, Conducted By Mail
Marketing Research Services, Conducted Using Focus Groups
Marketing Research Services, Conducted Using Face-To-Face Methods, Excluding Focus Groups
Media Audience Research Services
Other Marketing Research Services
Public Opinion Research/Polling Services
Statistical Sampling And Survey Design Services
Portrait Photography Services
General Individual And Group Portrait Photography Services
School Portrait Services
Wedding Photography Services
Wedding Still Photography Services
Other Special Event Photography Or Video Services
Commercial Or Industrial Photography Services
Other Photography Services
Translation And Interpretation Services
Translation Services
Interpretation Services
Veterinary Services
Routine Veterinary Examinations
Surgical Treatment Of Animals
Non-Surgical Treatment Of Animals
Veterinary Laboratory Services
Veterinary Inspection And Disease Investigation Services
Weather Forecasting Services
Appraisal Services, Excluding Real Estate
Commodity Inspection Services
Arbitration, Mediation, And Conciliation Services
Resale Of Merchandise
Resale Of Other Merchandise
Resale Of Pet And Animal Supplies
All Other Receipts
All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Other Professional, Scientific, and Technical Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios	Industry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Other Professional, Scientific, and Technical Services industry is performing.
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Other Professional, Scientific, and Technical Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios	Industry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance Indicators	Industry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile
Management Occupations	7%	Order at top of page
Top Executives	5%
Chief Executives	0%
General and Operations Managers	4%
Business and Financial Operations Occupations	9%
Business Operations Specialists	7%
Arts, Design, Entertainment, Sports, and Media Occupations	7%
Media and Communication Equipment Workers	56%
Photographers	52%
Photographers	52%
Healthcare Practitioners and Technical Occupations	23%
Healthcare Diagnosing or Treating Practitioners	9%
Veterinarians	9%
Veterinarians	9%
Health Technologists and Technicians	14%
Health Practitioner Support Technologists and Technicians	13%
Veterinary Technologists and Technicians	13%
Healthcare Support Occupations	12%
Other Healthcare Support Occupations	12%
Miscellaneous Healthcare Support Occupations	12%
Veterinary Assistants and Laboratory Animal Caretakers	12%
Personal Care and Service Occupations	9%
Animal Care and Service Workers	8%
Animal Caretakers	8%
Animal Caretakers	8%
Office and Administrative Support Occupations	21%
Information and Record Clerks	12%
Receptionists and Information Clerks	7%
Receptionists and Information Clerks	7%
Other Office and Administrative Support Workers	6%
Office Clerks, General	5%
Office Clerks, General	5%
Production Occupations	5%

Source: Bureau of Labor Statistics

Other Professional, Scientific, and Technical Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Other Professional, Scientific, and Technical Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Other Professional, Scientific, and Technical Services industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Other Professional, Scientific, and Technical Services industry.

Source:

Innovation News

Recent Federal Contracts for Other Professional, Scientific, and Technical Services

Apr 02, 2024: KYLIE A WOOD (Broomfield, CO) awarded $12,168
Apr 02, 2024: MICHIGAN STATE UNIVERSITY (East Lansing, MI) awarded $92,250
Apr 02, 2024: TACTICAL MICRO, INC. (Santa Ana, CA) awarded $50,000
Apr 02, 2024: APPLIED DEVELOPMENT LLC (Baltimore, MD) awarded $106,872
Apr 02, 2024: PALLADIUM INTERNATIONAL, LLC (Washington, DC) awarded $48,825,842
Apr 02, 2024: OCEAN ASSOCIATES INC (Arlington, VA) awarded $1,795,376