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2024 U.S. Industry Statistics & Market Forecast - Research and Development in the Social Sciences and Humanities


Market Size & Industry Statistics

The total U.S. industry market size for Research and Development in the Social Sciences and Humanities: 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)


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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

The Research & Development in Social Sciences & Humanities (SSH) industry is undergoing significant changes in recent years due to various trends. One of the key trends affecting this industry is the rise of digitalization. Digital technologies, such as big data analytics, artificial intelligence, and machine learning, are becoming increasingly important in research and development initiatives. This has led to a growing demand for professionals with expertise in data science, computer programming, and other technical skills.

Another significant trend in the SSH industry is the increasing importance of interdisciplinary research. Researchers are increasingly collaborating across disciplines, bringing together insights from different fields to tackle complex problems. This has led to a blurring of traditional disciplinary boundaries and highlights the importance of skills such as communication, collaboration, and a broad knowledge base.

The third trend affecting the SSH industry is the growing need for social impact and public engagement. Research is no longer just about generating knowledge but also about creating real-world solutions that address pressing social issues. This has led to a growing emphasis on community engagement, participatory research, and other forms of public involvement.

Lastly, funding has become increasingly competitive and restricted in recent years, placing additional pressure on researchers to articulate the benefits of their work to lay audiences, attract investors, and ensure that research outcomes align with societal needs. As a result, the Research & Development in Social Sciences & Humanities industry has become more competitive, requiring professionals and institutions alike to be agile, innovative, and proactive to remain relevant.



Product & Services Breakdown

Research products and services in the Research and Development in the Social Sciences and Humanities industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Basic And Applied Research In The Physical And Engineering Sciences

Basic And Applied Research In - Earth And Environmental Sciences

Basic And Applied Research In - Other Engineering Sciences, Including Civil, Construction, And Other Engineering

Basic And Applied Research In The Life Sciences (Exclude Biotechnology.)

Basic And Applied Research In - Medical And Health Sciences

Basic And Applied Research In The Social Sciences And Humanities

Basic And Applied Research In - Psychology

Basic And Applied Research In - Education

Basic And Applied Research In - Economics

Basic And Applied Research In - Other Social Sciences And Humanities

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Investment Income, Including Interest And Dividends



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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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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 Research and Development in the Social Sciences and Humanities company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 Research and Development in the Social Sciences and Humanities 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 Research and Development in the Social Sciences and Humanities measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry 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 IndicatorsIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 15%

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Top Executives 6%
Chief Executives1%
General and Operations Managers 6%
General and Operations Managers6%
Business and Financial Operations Occupations 15%
Business Operations Specialists 13%
Computer and Mathematical Occupations 9%
Computer Occupations 6%
Life, Physical, and Social Science Occupations 32%
Social Scientists and Related Workers 18%
Miscellaneous Social Scientists and Related Workers 10%
Life, Physical, and Social Science Technicians 11%
Social Science Research Assistants 10%
Social Science Research Assistants 10%
Office and Administrative Support Occupations 12%
Source: Bureau of Labor Statistics


Research and Development in the Social Sciences and Humanities Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Research and Development in the Social Sciences and Humanities 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 Research and Development in the Social Sciences and Humanities 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 Research and Development in the Social Sciences and Humanities industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Research and Development in the Social Sciences and Humanities

  • Feb 27, 2024: LOGAN SIMPSON DESIGN INC. (Tempe, AZ) awarded $199,199
  • Feb 27, 2024: NORTHROP GRUMMAN MISSION SYS. (Reston, VA) awarded $169,961
  • Feb 27, 2024: EDUCATION, SOUTH DAKOTA DEPARTMENT OF (Pierre, SD) awarded $539,054
  • Feb 27, 2024: LEWIN GROUP, INC., THE (Falls Church, VA) awarded $31,400,966
  • Feb 27, 2024: STATE OFFICE OF EDUCATION, UTAH (Salt Lake City, UT) awarded $1,016,566
  • Feb 27, 2024: AMERICAN HOSPITAL ASSOCIATION INC (Chicago, IL) awarded $213,093