Expert Network Industry Tops $1.5 Billion According to New Study
Integrity Research released a new study of the expert network industry which shows that expert networks grew double digits in 2020 despite coronavirus effects
NEW YORK, Dec. 7, 2020 /PRNewswire-PRWeb/ -- Expert networks were not immune from the effects of Covid-19 yet have continued to grow double digits, according to a study released by Integrity Research Associates and expert network aggregator Inex One. The study, which includes detailed revenue estimates for the top 40 expert networks over the last five years, provides an in-depth perspective on the high-growth expert network industry.
Based on firm-level bottom-up analysis, the 2020 Expert Network Market Sizing study estimates that aggregate revenues for the industry slowed to low double digits in 2020 as Covid-19 dampened client activity in several key customer segments. Nevertheless, industry revenues exceeded $1.5 billion in 2020. "Expert networks are the most user-friendly form of primary research," said study co-author Sanford Bragg, principal of Integrity Research. "Their appeal continues to grow as the number of providers has increased."
The study, which used company filings, interviews with current and former employees and external metrics to estimate company-level revenues, includes analysis of regional revenue splits for the top expert networks, finding that the US remains the largest geographic source of industry revenues. Asia remains under-penetrated relative to other regions. "We're seeing strong growth from Asia-based expert networks," said study co-author Max Friberg of Inex One, the expert network marketplace. "I think Asia is a huge growth area, but Europe also has additional potential. If Europe and APAC get to the US consumption levels, the market would almost double."
The 2020 Expert Network Market Sizing study includes information on key client segments, as expert network revenues have expanded beyond their hedge fund origins. Diversification continues to provide potential for the industry to deepen its footprint in under-penetrated areas.
The 2020 Expert Network Market Sizing study includes Excel worksheets detailing revenues for the top 40 expert networks from 2015 through 2020. Also included are analyses of regional revenues, market share development, productivity benchmarks and customer segment information. Underlying metrics used to support revenue estimates, such as changes in LinkedIn followers and headcount, are also included. For further details, go to https://sellfy.com/expert-network-market-data/.
Media Contact
Sanford Bragg, Integrity Research Associates LLC, +1 (646) 786-6855, [email protected]
Michael Mayhew, Integrity Research Associates LLC, (646) 786-6859, [email protected]
SOURCE Integrity Research Associates LLC
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