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Business Services Sector

  • ID: 1052361
  • Report
  • December 2020
  • Region: United States
  • 10 pages
  • First Research
Brief Excerpt from Industry Overview Chapter:

Companies in the sector provide support services to businesses, such as office administration, hiring and placing of personnel, security services, travel arrangement, cleaning, and waste disposal. Major companies include ADP, Allegis Group, ManpowerGroup, and Waste Management (all based in the US), along with Adecco (Switzerland), Randstad (the Netherlands), and TUI Group (Germany).

Competitive Landscape

Providers of business support services may face competition from customers or potential customers, as these services in many cases can be undertaken in-house. Most segments of the industry feature low barriers to entry, as little capital investment is required to start businesses such as landscaping, pest control, or staffing firms. The low barrier can result in intense competition among small companies, which not only compete with each other, but also with much larger, established companies with more resources.

Products, Operations & Technology

Major services provided include employment services (about 35% of US sector revenue); services to buildings and dwellings, including landscaping, pest control, and janitorial services (about 15%); and waste management and environmental remediation services (about 10%). Other revenue sources include travel arrangement, investigations and security, and office administrative services.
Note: Product cover images may vary from those shown
  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Business Trends
  • Industry Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Web Links and Acronyms
Note: Product cover images may vary from those shown
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