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Stenographic Services in the US - Industry Market Research Report

  • ID: 2764286
  • Report
  • Region: United States
  • 27 pages
  • IBISWorld
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Jotting down: Digital recording systems will threaten demand for courtroom stenographers

Stenographic Services

Over the past five years, demand for the Stenographic Services industry has faltered 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 modest expansion for the industry. Over the five years to 2023, the industry will continue to endure challenges amid heightened competition and rapid technological change. More courts are consequently expected to move away from in-person stenographers toward digital recording systems, thus reducing demand for stenographers in the courtroom.

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.

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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
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