This industry's performance largely hinges on the ups and downs of corporate profit
New York, NY (PRWEB) October 15, 2014
Heightened regulation regarding risk management will prompt companies to invest in company research that better informs decisions. For this reason, industry research firm IBISWorld has updated a report on the Company Research Services industry in its growing industry report collection.
The Company Research Services industry is composed of businesses that conduct research on management teams, strategic developments and the financial operations of companies in the private and public sector. Industry services are predominantly catered toward financial institutions, such as asset managers, bankers, equity traders and sales departments. Therefore, the onset of the recession initially hurt the industry as corporate profit plunged and firms reduced expenditure on business tools like research. However, corporate profit has recovered over the past five years, and a growing number of businesses in the United States have also fueled industry growth. According to IBISWorld Industry Analyst Jeremy Edwards, "Uncertainty in financial markets has also driven new demand for industry services, as companies seek out additional information before making investments in the postrecessionary business environment." Consequently, industry revenue is projected to expand over the five years to 2014, including an increase in 2014, as corporate profit continues to rise and encourages new investment in research tools.
Stronger demand for industry services has also fostered growth in profitability over the five-year period. Industry operators have increased the price of research tools and have developed new service offerings to increase their market share. Growing profitability has urged the number of establishments to increase, as new firms seek to capture rising margins.
"Company research services are expected to continue growing over the next five years, with rising corporate profit and a growing number of US businesses primarily driving growth," says Edwards. Additionally, the industry is expected to benefit from stronger demand from finance and insurance industries, which account for the largest share of revenue. In particular, heightened regulation regarding risk management will prompt companies to invest in company research that better informs decisions. Marketing services are also expected to expand over the next five years as operators develop tools to help corporate sales teams expand operations. Overall, industry revenue is expected to grow over the five years to 2019.
For more information, visit IBISWorld’s Company Research Services in the US industry report page.
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IBISWorld industry Report Key Topics
The Company Research Services Industry conducts research on the management teams, strategic developments, business locations, and the financial conditions of public and private companies. This industry excludes firms that provide basic company research to complement their equity and investment research products and services.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.