$2.1bn
$XX.Xbn
10,102
204
$XXX.Xm
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 sectors. Company research services are predominantly catered toward financial institutions, such as asset managers, bankers, equity traders and sales departments. As a result, demand for company research services is tied to corporate profit and research budget levels. For much of the past five years, growth in both corporate profit and the number of businesses in the United States have fueled industry growth. Uncertainty in financial markets can also drive new demand for research services, as companies seek out additional information before making investments in the business environment. Consequently, industry revenue is projected to expand at a CAGR of 2.2% to $2.1 billion over the five years to 2023. Meanwhile, as corporate profit has increased, industry companies have been able to increase prices, supporting their own profit growth.While the past five years have overall been positive for the Company Research Services industry, industry operations were briefly disrupted in 2020 when the COVID-19 pandemic halted the US economy. Stringent safety restrictions and massive uncertainty caused corporate profit to fall, as many companies had to limit capital expenditures to avoid bankruptcy. Uncertainty fell as the pandemic passed in 2021, leading to higher spending from downstream markets. After a bumpy 2022 due to economic uncertainty, growth is expected to resume in 2023, with revenue expected to rise an estimated 3.1% in the year.The industry is expected to see continued strength over the five years to 2028. The industry is expected to benefit from growing demand from the 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 will better inform decisions. Marketing services are also expected to expand over the five years to 2028 as companies develop tools to help corporate sales teams expand operations. Overall, industry revenue is expected to rise at an annualized rate of 1.8% to $2.3 billion over the five years to 2028.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $2.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
S&P Global Inc. | 312.7 | 157.1 | 50.2 | |
Dun & Bradstreet Holdings, Inc. | 122.9 | 37.3 | 30.3 | |
Infogroup Inc. | 74.9 | 19.4 | 25.9 |
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Industry revenue is measured across several distinct product and services lines, including Subscription-based services, Advertising and marketing services and Licensing. Subscription-based services is the largest segment of the Company Research Services in the US.
Subscription-based services
Companies in this industry conduct research on management teams, strategic developments, business locations, and the financial conditions of public and private companies. This industry excludes companies that provide basic company research to complement their equity and investment research products and services.
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NAICS 54172 - Company Research Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry is growing quickly. As the economy expands, customers are making greater use of company research services to identify growing markets and scope out competition.
Learn about an industry's products and services, markets and trends in international trade.
The subscription model has proven incredibly popular among customers. It remains the main source of revenue for the industry.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to downstream markets heavily influences the industry’s distribution across the country. Areas with high concentrations of financial institutions, such as New York,...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies compete based on size and capacity. Smaller companies vie for the business of smaller downstream markets, such as individuals and companies, while larger companies ...
Learn about the performance of the top companies in the industry.
S&P Global leads the industry by leagues. The company has been able to maintain an 18.0% market share through organic growth and strategic acquisitions of emerging companies.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Fair practice regulations aid demand for company research services tremendously; however, they are not direct regulations on the industry.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages are the industry's largest expense. The construction and maintenance of proprietary software and databases require extensive work from skilled labor.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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The market size of the Company Research Services in the US industry in United States is $2.1bn in 2024.
There are 204 businesses in the Company Research Services in the US industry in United States, which has grown at a CAGR of 1.9 % between 2019 and 2024.
The market size of the Company Research Services in the US industry in United States has been growing at a CAGR of 1.3 % between 2019 and 2024.
Over the next five years, the Company Research Services in the US industry in United States is expected to grow.
The biggest companies operating in the Company Research Services market in United States are S&P Global Inc., Dun & Bradstreet Holdings, Inc. and Infogroup Inc.
Selling company research and Compiling company research are part of the Company Research Services in the US industry.
The company holding the most market share in United States is S&P Global Inc..
The level of competition is high and increasing in the Company Research Services in the US industry in United States.