Professional Organizations in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS OD6090Revenue
$28.1bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
86,855
Businesses
10,217
Wages
$X.Xbn
Professional Organizations in the US industry analysis
Professional organizations promote the professional interests of members who share a common occupation. To this end, professional organizations conduct research, sponsor certification standards, lobby government officials and publish materials for members. Professional organizations also organize seminars, conferences, trade shows and other events to provide educational and networking opportunities. Through the end of 2023, the industry has benefited from a growing economy, which has elevated demand for professional organization services. Still, the industry endured a significant drop in members amid the COVID-19 pandemic. Nonetheless, the industry provides a valuable resource to their members and recovery is well underway. Professional organizations revenue has been rising at a CAGR of 1.0% over the past five years and is expected to total $27.9 billion in 2023, when revenue will jump by an estimated 1.5%.The COVID-19 pandemic caused a global economic recession; as industry revenue is normally pro-cyclical, many professional organizations understandably viewed the pandemic as a threat. Still, after the initial reduction in industry demand due to the restrictions placed on social gatherings, downstream industries that professional organizations represent increasingly turned to forums such as association seminars and virtual conferences to share best practices and effect solutions to the novel business environment. Due to this, the most substantial change was the switch to a largely virtual and remote interactions with members. This online adaptation was not a complete widespread occurrence and significant membership losses still occurred due to the reduction of in-person meetings. While this shift to online platforms posed logistical challenges, it also reduced costs for the industry which caused profit to rise.Through the end of 2028, professional organizations will continue to adapt to demographic and technology trends. Professional organizations are seeking to attract and retain young professionals from the millennial generation. To better reach this demographic, professional organizations will increase their presence on social media and other digital platforms, while taking more proactive measures to engage new and existing members. Professional organizations revenue is expected to expand at a CAGR of 1.2% to $29.5 billion over the five years to 2028.
Trends and Insights
- Online reliance soared amid the COVID-19 pandemic. Many professional organizations opened up online platforms to accommodate COVID restrictions.
- Membership services remains the industry’s largest product segment. Organizing seminars, conferences and other events also account for a significant portion of demand.
- Professional organizations choose to locate themselves near downstream markets, making the Southeast a popular choice to set up establishments. This region is also home to a quarter of the US population, making job activity plentiful.
- One of the most important bases of competition is the number of services and benefits that an association provides to its members. Professional organizations commonly provide publishing, advertising, lobbying and networking services.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $28.1bn in 2024.
Trends and Insights
Professional organizations benefit members by providing valuable insights
- Professional organizations are composed of individual members and/or businesses that share a common occupation.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Professional organizations will benefit from economic growth through the end of 2028
- As the economy continues to recover from the COVID-19 pandemic, a forecast rise in employment, per capita disposable income and corporate profit will boost demand from downstream industries of all kinds.
Biggest companies in the Professional Organizations in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Professional Organizations in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Professional Organizations in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Membership services, Testing and training services and Organizing seminars, conferences and other events. Membership services is the largest segment of the Professional Organizations in the US.
Trends and Insights
Membership services vary based on the industries represented by professional organizations
- These services include advocacy services, business development and special access and assistance services.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Religious Organizations in the US
- Donations, Grants & Endowment in the US
- Conservation & Human Rights Organizations in the US
- Civic, Social & Youth Organizations in the US
International industries
- Industry Associations in Australia
Table of Contents
About this industry
Industry definition
This industry includes organizations that are primarily engaged in promoting the professional interest of their members and their profession as a whole. These organizations conduct research, develop statistics and certification standards, lobby and publish materials for members.
What's included in this industry?
Promoting the professional interests of members and the profession as a wholeConducting researchDeveloping statisticsSponsoring quality and certification standardsLobbying public officialsOrganizing seminars, conferences, trade shows and other eventsPublishing directories, periodicals and booksProviding training, testing and examination servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PROFESSIONAL ORGANIZATIONSMEMBER ACQUISITIONMEMBER RENEWALIndustry Code
NAICS 81392 - Professional Organizations in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Online reliance soared amid the COVID-19 pandemic. Many professional organizations opened up online platforms to accommodate COVID restrictions.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Membership services remains the industry’s largest product segment. Organizing seminars, conferences and other events also account for a significant portion of demand.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Professional organizations choose to locate themselves near downstream markets, making the Southeast a popular choice to set up establishments. This region is also home to a ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
One of the most important bases of competition is the number of services and benefits that an association provides to its members. Professional organizations commonly provide...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Professional organizations are highly fragmented. Cost structures vary across the industry, although no individual company is able to realize significant cost advantages over...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Professional organizations are primarily affected by taxation laws for associations. Many industry associations fall into one of two categories: business leagues, which are e...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wages are the largest cost for professional organizations. Due to the highly complex and changing nature of downstream job markets, organizations must hire highly skilled emp...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
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
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Professional Organizations in the US industry in United States in 2024?
The market size of the Professional Organizations in the US industry in United States is $28.1bn in 2024.
How many businesses are there in the Professional Organizations in the US industry in 2024?
There are 10,217 businesses in the Professional Organizations in the US industry in United States, which has declined at a CAGR of 0.8 % between 2019 and 2024.
Has the Professional Organizations in the US industry in United States grown or declined over the past 5 years?
The market size of the Professional Organizations in the US industry in United States has been growing at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Professional Organizations in the US industry in United States over the next 5 years?
Over the next five years, the Professional Organizations in the US industry in United States is expected to grow.
What does the Professional Organizations in the US in United States include?
Promoting the professional interests of members and the profession as a whole and Conducting research are part of the Professional Organizations in the US industry.
How competitive is the Professional Organizations in the US industry in United States?
The level of competition is moderate and steady in the Professional Organizations in the US industry in United States.
