Scientific & Economic Consulting in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Word of Advice: Improving Economic Conditions are Expected to Provide the Industry with Solid Growth

The Scientific and Economic Consulting industry has succeeded as business confidence has slipped during the economically difficult years from 2018 to 2023. The industry provides consulting services to a diverse range of markets with varying degrees of specialization in products and services, which has helped generate countercyclical demand that saved consultants during the worst of COVID-19. Consulting's highly specialized workforce is also very experienced in touting the financial benefits of consulting for business revenue for targeted clients, which helped retain nervous clients. Overall, scientific and economic consulting expanded an estimated 3.0% to $48.6 billion over the five years to 2023, including a 1.8% boost in 2023 alone, when profit reached 8.2%.

Companies in this industry provide advice and assistance to businesses and other organizations on scientific and technical issues. The industry includes a range of specialist consulting activities, primarily in the areas of economic, energy and mineral, security and agricultural analysis. This industry excludes establishments that derive their revenue primarily from environmental consulting and remediation, geophysical surveying and mapping or oil and gas exploration.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.