Other professional, scientific, and technical services (NAICS 541990) industry trends
The other professional, scientific, and technical services industry includes firms providing a variety of professional, scientific and technical services. Such services include marketing research and public opinion polling, photographic services, translation and interpretation services and veterinary services. Marketing research and public opinion polling describes services such as broadcast media rating, political opinion polling, marketing analysis, statistical sampling or opinion research. Photographic services describe commercial or portrait photography studios providing still, video or digital photography services. Translation and interpretation services include interpreting written or speech material from one language to another as well as providing sign language services. Additionally, the industry includes firms providing a wide range of services such as appraisal services, marine surveyor services, patent broker services, commodity inspector services and weather forecasting services.
The Census Bureau’s most recent data indicates that there are approximately 71,630 firms within this industry. The majority of firms within this industry provide veterinary services.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 11.10 percent. During same time, the average gross profit margin was 69.88 percent.
The graph below shows business statistics for the average company in the other professional, scientific, and technical services industry.