Paperchase: Steady demand for transcription services has offset declines for other services

IBISWorld’s Document Preparation Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Analysis & Industry Trends

The Document Preparation Services industry is battling against a slowdown in demand. Demand for many of the industry’s services, such as word processing and document proofing, is declining in the face of technological change. However, steady demand for transcription services, the industry’s largest service segment, has contributed to some industry revenue growth over the past five years. This has mainly been due to larger industry players that have secured various long-term transcription contracts with government departments and state justice systems. These entities have increasingly been outsourcing transcription services over the past five years due to perceived cost advantages...

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What is the Document Preparation Services industry?

The Document Preparation Services industry is in the decline stage of its life cycle. Traditional document preparation services are increasingly being handled in-house, or becoming redundant with the increasing effectiveness of specialised software and growing IT proficiency. This has led to a decline in enterprise numbers. Despite this structural shift, the industry has displayed stable revenue from transcription services, the largest segment of the industry. This is derived from servicing the legal, government and business sectors, as well as the justice system, which provide mostly stable demand. Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is forecast to grow at an annualised 0.6% over the ten years through 2021-22. Com...

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Products & Brands

Major products in this industry
Court and legal transcription services
Other transcription services
Other services
Examples of brands in this Industry

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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