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Stenographic Services in the US - Industry Market Research Report

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    Report

  • 39 Pages
  • October 2022
  • Region: United States
  • IBISWorld
  • ID: 2764286

Take Note: Digital Recording Systems Will Continue to Threaten Demand for Stenographers

Stenographers have played an important role in the courtroom process for centuries. Stenographers attend legal proceedings and other public speaking events and create transcriptions. Over the five years to 2019, demand for the Stenographic Services industry has been mixed as courts have increasingly cut back expenses amid massive budget cuts. More courts have outfitted their courtrooms with digital recording systems, removing the need for in-person stenographers. However, despite mounting external competition, an uptick in legal activity over the past five years is expected to support a moderate expansion for the industry. Over the five years to 2024, the industry will continue to endure challenges amid heightened competition and rapid technological change. This industry provides verbatim reporting and stenotype reporting of live legal proceedings and then transcribes subsequent recorded materials. Noncourt stenography services for depositions and related proceedings are included.

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Paypal Holdings, Inc.
  • Fiserv, Inc.
  • Alphabet Inc.
  • Block, Inc.
  • Visa Inc.

Methodology

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