Research and Markets: The US Business Services Sector Consists of about 300,000 Companies with Combined Annual Sales of about $450 Billion

June 25, 2009; 09:29 AM

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f119a2/business_services) has announced the addition of the "Business Services Sector" report to their offering.

Brief Excerpt from Industry Overview Chapter:

The US business services sector consists of about 300,000 companies with combined annual sales of about $450 billion. Major companies include staffing services providers Manpower and Kelly Services; facilities service companies ABM Industries and Rollins Inc; and solid waste handlers Waste Management and Republic Services. Other major companies in the sector include office administrative service firms such as Automatic Data Processing and Iron Mountain; security providers The Brinks Company and ADT Security Systems (a division of Tyco International); and travel agencies including the travel divisions of American Express and Carson Companies. The business services sector is fragmented: the 50 largest companies account for less than 50 percent of sector revenue.

Companies in the sector provide support services to businesses in a variety of industries and, in some cases, to households. Offerings include office administration, hiring and placing of personnel, document preparation and similar clerical services, travel planning, solicitation, collection, security and surveillance services, cleaning, landscaping, pest control, and waste disposal.

COMPETITIVE LANDSCAPE

Demand ultimately depends on the level of business spending, which is determined by the health of the overall economy. The profitability of individual companies depends on efficient operations and effective marketing. Large companies often enjoy economies of scale and can compete for large, national accounts. Small companies can compete by offering highly specialized services, or through superior customer service. The sector is labor-intensive: annual revenue per employee ...

Key Topics Covered:

• Industry Overview
• Quarterly Industry Update
• Business Challenges
• Trends AND Opportunities
• Call Preparation Questions
• Financial Information
• Industry Forecast
• Website and Media Links
• Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/research/f119a2/business_services

Source: First Research

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