Professional Organizations in the US - Industry Market Research Report

Professional opinion: A shift to online platforms will reduce costs for the industry

Professional organizations promote the professional interests of members who share a common occupation. To this end, professional organizations conduct research, sponsor certification standards, lobby government officials and publish materials for members. Professional organizations also organize seminars, conferences, trade shows and other events to provide educational and networking opportunities. Through the end of 2023, the industry has benefited from a growing economy, which has elevated demand for professional organization services. Still, the industry endured a significant drop in members amid the COVID-19 pandemic. Nonetheless, the industry provides a valuable resource to their members and recovery is well underway. Professional organizations revenue has been rising at a CAGR of 1.0% over the past five years and is expected to total $27.9 billion in 2023, when revenue will jump by an estimated 1.5%.

This industry includes organizations that are primarily engaged in promoting the professional interest of their members and their profession as a whole. These organizations conduct research, develop statistics and certification standards, lobby and publish materials for members.

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.