Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#26 In EuropeBusiness
#25 In EuropeEmployees
#28 In EuropeWages
#28 In EuropeThe Social Sciences and Humanities Research and Development Activities industry’s revenue is expected to contract at a compound annual rate of 4.3% over the five years through 2024 to €3.6 billion. This includes a forecast drop of 2.8% in 2024. Revenue is far lower than in the Natural Science and Engineering Research and Development Activities industry, since scientific innovation, engineering techniques and healthcare developments are prioritised over research in societal change, economics, political science and cultural progress. Spending by businesses on R&D for these subjects is significantly lower, with most money instead coming from publicly backed organisations, such as think tanks, political organisations and cultural centres. That being said, Belgium, Germany, Malta and Sweden all rely more heavily on business-funded R&D, whereas Greece, Luxembourg, Slovakia and Estonia all depend more on government funding, finds Eurostat. Horizon Europe and the Humanities in the European Research Area (HERA) have made significant funding contributions since 2020 to progress in R&D, which has boosted revenue.
Enterprises
Number of businesses in 2024
Biggest companies in the Social Sciences & Humanities Research in Iceland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Social Sciences & Humanities Research in Iceland industry for IBISWorld to include in this product.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Social Sciences & Humanities Research industry in Iceland in 2024?
The market size of the Social Sciences & Humanities Research industry in Iceland is €4.6m in 2024.
How many businesses are there in the Social Sciences & Humanities Research in Iceland industry in 2024?
There are 59 businesses in the Social Sciences & Humanities Research industry in Iceland, which has grown at a CAGR of 11.7 % between 2019 and 2024.
Has the Social Sciences & Humanities Research industry in Iceland grown or declined over the past 5 years?
The market size of the Social Sciences & Humanities Research industry in Iceland has been growing at a CAGR of 2.3 % between 2019 and 2024.
What is the forecast growth of the Social Sciences & Humanities Research industry in Iceland over the next 5 years?
Over the next five years, the Social Sciences & Humanities Research industry in Iceland is expected to grow.
What does the Social Sciences & Humanities Research in Iceland include?
Economics and political science and Economics and political science are part of the Social Sciences & Humanities Research industry.
How competitive is the Social Sciences & Humanities Research industry in Iceland?
The level of competition is moderate and steady in the Social Sciences & Humanities Research industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Natural Science & Engineering Research in Iceland
Complementors
- Software Development in Iceland
- Higher Education in Iceland
International industries
Table of Contents
About this industry
Industry definition
The industry includes organisations engaged in research and development (R&D) work focused on social science and humanities. Funded projects focus on areas like economic development and political science.
Related Terms
SOCIAL SCIENCEHUMANITIESHORIZON EUROPEWhat's included in this industry?
Economics and political scienceEconomics and political scienceGeography and history Other research activitiesCompanies
Industry Code
722 - Research and experimental development on social sciences and humanities in Iceland
View up to 0 companies with purchase. View purchase options.
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Social Sciences & Humanities Research in Iceland industry?
Outlook
Analysis
What's driving the Social Sciences & Humanities Research in Iceland industry outlook?
Volatility
Analysis
What influences volatility in the Social Sciences & Humanities Research in Iceland industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Social Sciences & Humanities Research in Iceland industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Humanities research grows in importance. Concerns around climate change have boosted funding and resources for solutions.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Social Sciences & Humanities Research in Iceland industry's products and services performing?
Analysis
What are innovations in the Social Sciences & Humanities Research in Iceland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Social Sciences & Humanities Research in Iceland industry?
International Trade
Highlights
- Total Imports into Iceland
- Total Exports into Iceland
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Partnerships with key clients and governments help boost economies of scale. Relationships are important when products, theories and strategies are being developed, as they help diversify the risk of R&D costs if a project hits a dead end.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Social Sciences & Humanities Research in Iceland located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Governments and EU legislation heavily regulate research activities. The development of new strategies and products must follow strict parameters, creating a heavy burden for research companies.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Social Sciences & Humanities Research in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profit relies on securing funding. Long-term funding contracts can give greater guarantees and financial backing for project, boosting profitability.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Social Sciences & Humanities Research in Iceland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
France
Italy
Spain