| This report provides market statistics on the number of firms, establishments, and employees in the SOHO business market by both the size of business and vertical industry perspectives. The research also provides data on the primary work environments of employees in this market, including the number of telecommuters, Internet-accessing telecommuters, and remote branch offices. Detailed five-year forecasts are included for all SOHO business demographics, as well as a discussion of current market trends.
Despite being home to the most nimble and untraditional businesses in the US, the SOHO business market suffered greatly in last year's economic down turn. This market shrank in size and growth dramatically, falling to just over 8.2 million firms, down more than 7% from the year before. Though micro-businesses like these are able to respond to market changes more quickly than their larger competitors, in difficult times, these are the businesses that generally suffer greatest.
Luckily, these businesses are also the first to benefit from improvements in the economy, with In-Stat/MDR expecting the SOHO business market to show positive growth this year. This market is expected to grow to more than 8.3 million firms, employing nearly 18 million workers. Over the next several years this market should show steady growth and is expected to reach more than 9.5 million businesses by 2006.
|
0 items
