Skip to main content
Skip to content

NAICS 5416 Quarterly Industry Report

Management, Scientific, and Technical Consulting Services

Comprehensive industry research for valuation professionals, business owners, buyers, and lenders

NAICS Code: 5416Sector: Professional, Scientific, and Technical Services (54)Updated: Q1 2026

Industry Snapshot

Key metrics for the management, scientific, and technical consulting services industry.

Establishments
415,768
2024 annual average[1]
5-Year Growth
+26.9%
Establishment count, 2017–2022[2]
Industry Revenue
$435M
2022 Economic Census[2]
Share of Professional, Scientific, and Technical Services
22.4%
By establishment count, 2022 Census[2]
NAICS Sector
54
Professional, Scientific, and Technical Services

Industry Definition & Overview

NAICS Classification Hierarchy

NAICS classification hierarchy for 5416
LevelDescriptionCode
SectorProfessional, Scientific, and Technical Services54
SubsectorProfessional, Scientific, and Technical Services541
Industry GroupManagement, Scientific, and Technical Consulting Services5416

Sources & References

Government datasets and editorial sources used in this report.

  1. [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
  2. [2]U.S. Census Bureau, Economic Census census.gov

Disclaimer

This publication has been prepared by Fair Market Value (“Fair Market Value”) for informational purposes only. It is provided on an “as-is” and “as available” basis. Fair Market Value makes no representations or warranties, express or implied, regarding the merchantability, fitness for a particular purpose, completeness, or accuracy of the data or information contained herein. This publication is not intended to be, and should not be construed as, professional financial, legal, tax, or investment advice. Users should consult with qualified professionals before making any financial or business decisions based on the information presented.

To the extent permitted by law, Fair Market Value disclaims all liability for loss or damage, direct and indirect, suffered or incurred by any person resulting from the use of, or reliance upon, the data in this publication.

Copyright © 2026 Fair Market Value. All rights reserved. All data, information, articles, graphs, and content contained in this publication are copyrighted works and Fair Market Value hereby reserves all rights. No part of this publication may be copied, reproduced, republished, uploaded to a third party, or distributed without the prior written permission of Fair Market Value.