Industry Reports
BPO & Contact Centers — Industry Activity Into Q3 2022
Market Growth and Technological Advancements The BPO and contact center industry is rebounding strongly post-pandemic, with a projected compound annual growth rate (CAGR) of 3.4%, pushing the market value from $34 million in 2020 to $43 million by 2027. This recovery is driven by several factors, including the shift to remote work, reduced fixed costs,…
Read MoreHVAC Industry Performance Q2 ’23
Economic Influences and Market Dynamics The HVAC industry is intrinsically linked to broader economic conditions, particularly the construction sector. The industry’s performance has fluctuated with the trends in both residential and nonresidential construction, driven by interest rates and economic policies. The boom in residential construction due to low-interest rates has spiked demand for HVAC installations,…
Read MoreCraft Brewery Industry Insights
Growth Amidst Competition and Global Influence The craft brewery industry is experiencing a transformative period marked by intense competition and increasing globalization. With over 9,000 craft breweries now operating in the U.S., market saturation presents significant challenges. Despite this, industry revenue is forecast to rise to $8 billion by 2028, with a modest CAGR of…
Read MoreBPO & Contact Centers Industry Update — 2Q23
Market Growth and Technological Integration The BPO and contact center industry is projected to experience robust growth, with market value anticipated to rise from $169.7 million to $293.7 million by 2029. This growth trajectory, marked by a 5.2% CAGR, is driven by increasing demand for outsourced services in sectors such as finance, healthcare, and retail.…
Read MoreBeverage Industry Report
Regulatory Landscape and Distribution Systems The three-tier distribution system, established post-Prohibition, continues to dominate the alcoholic beverage industry, ensuring separation between producers, distributors, and retailers. This system has been integral in sustaining long-term revenue growth and preventing monopolistic dominance. Despite its historical significance, varying state regulations and frequent Federal Trade Commission (FTC) investigations create a…
Read MoreSurveying & Mapping Industry Update
Market Dynamics and Economic Factors The land surveying industry is adapting to fluctuating market conditions driven by economic shifts and changing demand patterns. While residential construction faces challenges from rising interest rates and inflation, non-residential construction is poised for growth, supported by government contracts for infrastructure projects. This sector includes hospitals, commercial buildings, and transportation…
Read MorePlastic and Resin Manufacturing
Key Economic Drivers The plastic and resin manufacturing industry is heavily influenced by fluctuations in the Consumer Price Index (CPI) and the Trade-weighted Index (TWI). As the CPI declines, demand for plastics and resin decreases, affecting both the manufacturing and construction sectors. Despite these challenges, the short-term outlook shows a modest growth of 0.52% by…
Read MorePet Industry Report
Rising Trend in Pet Ownership The surge in pet ownership during the COVID-19 pandemic has reshaped consumer behavior and market demands. With nearly 70% of U.S. households now owning a pet, spending on premium pet products has soared. Pet owners increasingly view their furry friends as family members, driving a significant rise in expenditures on…
Read MoreProfessional Employer Organizations At A Glance
Market Expansion and Regulatory Landscape The PEO industry is poised for significant growth, with revenue expected to reach $248 billion by 2026. Geographical expansion is particularly notable in states like Texas, Florida, and California, where less restrictive regulations allow for broader operational coverage. However, PEOs operating in smaller states must navigate complex regulatory environments that…
Read MoreFood & Beverage M&A Activity | 2022 Overview
Surge in M&A Activity Despite Economic Pressures The food and beverage industry has seen a sustained surge in M&A activity, with global private equity-backed deals totaling $9.69 billion through November 2022. This figure, while lower than 2021’s full-year total, reflects a strong interest in strategic acquisitions despite challenges such as inflation, rising interest rates, and…
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