Investigative Services Procurement Category Market Research Report from IBISWorld Has Been Updated
PR Web |
Investigative services have a buyer power score of 3.0 out of 5.0. This score reflects moderate negotiating strength for buyers. Demand for investigative services has increased steadily over the past three years, causing prices to rise. Companies across nearly all sectors have sought ways to address potential business threats arising from financial reporting fraud, bribery, money laundering or other related business misconduct, says IBISWorld analyst
Buyers currently benefit from low market share concentration, and many new suppliers are entering the market to take advantage of the growth in demand for investigative services, giving buyers a greater selection of vendors, continues Buchanan. Larger vendors with diverse consulting operations have started to provide investigations and dispute services as a means to bolster their portfolios, further increasing the intensity of competition among vendors. However, sustained demand will make it difficult for buyers to negotiate prices down for their cases. Major suppliers in the market include
The purchasing process will provide both opportunities and drawbacks for buyers. Internal investigations are crucial for business owners, often requiring the assistance of knowledgeable consultants who can develop specialized solutions to help prevent or address financial and reputational risks. The potential damage that buyers face in high-stakes disputes or legal inquiries related to business misconduct shifts negotiation power more toward suppliers, given the high value they bring through their investigative services. Nevertheless, buyers will still benefit from other purchasing factors, such as the low total cost of ownership, low supply chain risk and moderate availability of substitute services. For more information, visit
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of investigative services. Suppliers in this market include consulting firms and private investigators that help buyers find, prevent and respond to issues involving alleged or suspected fraud, compliance violations or other forms of misconduct. Investigative services can address issues such as bribery, investment schemes, money laundering, data breaches, cyber fraud and financial reporting fraud. Information obtained through these investigations can be used as evidence before courts or investigative committees. Private investigative work is discussed only in terms of its commercial application. This report does not cover insurance investigative services or credit investigative services.
Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics
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