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2024 U.S. Industry Statistics & Market Forecast - Professional, Scientific, and Technical Services
Market Size & Industry Statistics
The total U.S. industry market size for 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.
| 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 | ||
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 (%) | ||||||
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.
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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a 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 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 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 | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
||
| Top Executives | 7% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 7% | |||
| General and Operations Managers | 4% | |||
| Advertising, Marketing, Promotions, Public Relations, and Sales Managers | 7% | |||
| Operations Specialties Managers | 6% | |||
| Other Management Occupations | 5% | |||
| Business and Financial Operations Occupations | 18% | |||
| Business Operations Specialists | 12% | |||
| Logisticians and Project Management Specialists | 5% | |||
| Management Analysts | 12% | |||
| Management Analysts | 12% | |||
| Market Research Analysts and Marketing Specialists | 5% | |||
| Market Research Analysts and Marketing Specialists | 5% | |||
| Financial Specialists | 6% | |||
| Accountants and Auditors | 32% | |||
| Accountants and Auditors | 32% | |||
| Tax Examiners, Collectors and Preparers, and Revenue Agents | 7% | |||
| Tax Preparers | 7% | |||
| Computer and Mathematical Occupations | 18% | |||
| Computer Occupations | 17% | |||
| Computer and Information Analysts | 7% | |||
| Computer Systems Analysts | 5% | |||
| Computer Support Specialists | 8% | |||
| Computer User Support Specialists | 7% | |||
| Database and Network Administrators and Architects | 6% | |||
| Software and Web Developers, Programmers, and Testers | 9% | |||
| Software Developers | 6% | |||
| Architecture and Engineering Occupations | 9% | |||
| Architects, Surveyors, and Cartographers | 9% | |||
| Architects, Except Naval | 7% | |||
| Architects, Except Landscape and Naval | 6% | |||
| Engineers | 5% | |||
| Civil Engineers | 10% | |||
| Civil Engineers | 10% | |||
| Drafters, Engineering Technicians, and Mapping Technicians | 13% | |||
| Drafters | 6% | |||
| Engineering Technologists and Technicians, Except Drafters | 5% | |||
| Life, Physical, and Social Science Occupations | 24% | |||
| Life Scientists | 11% | |||
| Biological Scientists | 5% | |||
| Medical Scientists | 5% | |||
| Medical Scientists, Except Epidemiologists | 5% | |||
| Physical Scientists | 7% | |||
| Social Scientists and Related Workers | 18% | |||
| Miscellaneous Social Scientists and Related Workers | 10% | |||
| Life, Physical, and Social Science Technicians | 14% | |||
| Chemical Technicians | 6% | |||
| Chemical Technicians | 6% | |||
| Social Science Research Assistants | 10% | |||
| Social Science Research Assistants | 10% | |||
| Legal Occupations | 7% | |||
| Lawyers, Judges, and Related Workers | 37% | |||
| Lawyers and Judicial Law Clerks | 37% | |||
| Lawyers | 37% | |||
| Legal Support Workers | 25% | |||
| Paralegals and Legal Assistants | 22% | |||
| Paralegals and Legal Assistants | 22% | |||
| Arts, Design, Entertainment, Sports, and Media Occupations | 41% | |||
| Art and Design Workers | 39% | |||
| Designers | 36% | |||
| Graphic Designers | 16% | |||
| Interior Designers | 17% | |||
| Media and Communication Workers | 11% | |||
| Public Relations Specialists | 8% | |||
| Public Relations Specialists | 8% | |||
| 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% | |||
| Sales and Related Occupations | 6% | |||
| Sales Representatives, Services | 13% | |||
| Advertising Sales Agents | 9% | |||
| Advertising Sales Agents | 9% | |||
| Office and Administrative Support Occupations | 15% | |||
| Financial Clerks | 15% | |||
| Bookkeeping, Accounting, and Auditing Clerks | 9% | |||
| Bookkeeping, Accounting, and Auditing Clerks | 9% | |||
| Information and Record Clerks | 12% | |||
| Receptionists and Information Clerks | 7% | |||
| Receptionists and Information Clerks | 7% | |||
| Secretaries and Administrative Assistants | 14% | |||
| Secretaries and Administrative Assistants | 14% | |||
| Legal Secretaries and Administrative Assistants | 11% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 5% | |||
| Office Clerks, General | 5% | |||
| Production Occupations | 16% | |||
| Other Production Occupations | 13% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 13% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 13% | |||
Professional, Scientific, and Technical Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the 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 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 Professional, Scientific, and Technical Services industry. |
Source:
set naics manually https://incfact.com/rss/fedspending-by-naics-total-2023-
https://incfact.com/rss/fedspending-by-naics-total-2024-
Recent Federal Contracts for Professional, Scientific, and Technical Services- Apr 02, 2024: RAPID TEMPS, INC. (Artesia, NM) awarded $749,000
- Apr 02, 2024: KELLY COMPUTER SUPPLY COMPANY, LLC (Saint Paul, MN) awarded $35,856
- Apr 02, 2024: DAVIS UNIVERSITY OF CALIFORNIA AT (Davis, CA) awarded $6,452
- Apr 02, 2024: AERO GRAPHICS, INC (Salt Lake City, UT) awarded $2,155,139
- Apr 02, 2024: NEVADA SYSTEM OF HIGHER EDUCATION (Reno, NV) awarded $13,252,923
- Apr 02, 2024: L B & B ASSOCIATES INC. (Columbia, MD) awarded $167,351
- Apr 02, 2024: RAPID TEMPS, INC. (Artesia, NM) awarded $749,000
- Apr 02, 2024: KELLY COMPUTER SUPPLY COMPANY, LLC (Saint Paul, MN) awarded $35,856
- Apr 02, 2024: DAVIS UNIVERSITY OF CALIFORNIA AT (Davis, CA) awarded $6,452
- Apr 02, 2024: AERO GRAPHICS, INC (Salt Lake City, UT) awarded $2,155,139
- Apr 02, 2024: NEVADA SYSTEM OF HIGHER EDUCATION (Reno, NV) awarded $13,252,923
- Apr 02, 2024: L B & B ASSOCIATES INC. (Columbia, MD) awarded $167,351
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