Professional, Scientific & Technical Services

This sector comprises firms that specialize in performing professional, scientific and technical activities for others. These services are provided to a variety of clientele, including households, businesses and government organizations. Most activities require a high degree of expertise and training.

Professional, Scientific & Technical Devices

Output ($b)1 IVA ($b)2 Market Size3 Employment (m)* Wages & Benefits ($m)* EBITDA ($m)4
$340.7 $133.1 5/18 1,226 $43.8 $92.7

Sector Overview

The Professional, Scientific and Technical Services sector comprises establishments that specialize in performing professional, scientific and technical activities for others. These activities require a high degree of expertise and training. This sector excludes establishments primarily engaged in providing a range of day-to-day office administrative services, such as financial planning, billing and recordkeeping, personnel support and physical distribution and logistics. These establishments are classified in Sector 56, Administrative, Support and Remediation Services.

The establishments in this sector specialize according to expertise and provide these services to clients in a variety of industries and, in some cases, to households. Activities performed include:

  • Legal advice and representation
  • Accounting, bookkeeping and payroll services
  • Architectural, engineering and specialized design services
  • Computer services
  • Consulting and research services
  • Advertising and marketing services

LARG Industry Reports

Los Angeles Research Group provides 31 industry reports detailing the Professional, Scientific and Technical Services sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).

In addition to LARG’s standardized report information, LARG’s industry reports in the Professional, Scientific and Technical Services sector also provide specialized statistics, including detailed information on research and development expenditures (R&D), customers, computer expenditures and employee occupations. For more information on a particular industry, please click on the appropriate industry below.

Sector Growth5

Sector Cost Structure*

 
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