Document Preparation Services in the US - Industry Market Research Report
- May 2017
- 37 pages
Proofed: Rising healthcare expenditure will boost demand but competition will hinder growth
Document Preparation Services in the US
The Document Preparation Services industry experienced remarkable growth less than a decade ago; however, the industry's growth rate has since slowed considerably. Confronted with decelerating demand from key markets, combined with increased pressure to lower prices due to intense competition, the industry has failed to sustain its previous levels of growth and is entering a plateau life cycle phase. Moving forward, increasing health expenditure associated with newer healthcare regulations will help boost revenue as demand for transcription services increases. Unfortunately for industry operators, increasing external competition is likely to offset most of this growth opportunity in the long term. Overall, IBISWorld expects that revenue growth to grow at a slow rate over the five years to 2022.
This industry encompasses several services including letter or resume writing; document editing or proofreading; word processing or desktop publishing; transcription or dictation; and other secretarial services. This industry does not include document translation services, graphic design, court reporting, prepress and postpress services or document copying services.
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.