• Specifically, to determine the current market size and growth rate of the expert network industry.

• To provide a competitive landscape analysis of the industry.

Data Availability

Market Size and Growth

• According to a recent report by IBIS World, the total U.S. market size of the expert network industry is currently projected to be worth $997.3 million by year-end 2021. This figure represents a slight decline from its 2019 market size, which totaled about $1.02 billion.

• The IBIS World report further added that between 2016 and 2021, the expert network industry increased at a CAGR of 4.9% per annum. Compared to other industries, the expert network industry in the U.S. increased faster than the advisory and financial services sectors.

• A separate report by Integrity Research found that the global market size of the expert network industry reached $1.5 billion in 2020. The U.S. is currently the largest market for expert network services, while the Asian market is currently experiencing the fastest growth. The report estimates that aggregate revenues for the industry slowed to low double digits in 2020 due to the effects of Covid-19.

Key Players

• The Gerson Lehrman Group (GLG) is regarded as a leader in the expert network industry. The company was founded in 1998 and helps clients connect with subject-matter experts. According to a report by Research and Markets, Gerson Lehrman Group (GLG) is estimated to account for 50.0% of total revenue alone.

• Other players that have maintained dominance in the space include AlphaSights, Third Bridge Group Limited, and Guidepoint Global, which collectively hold about 6.8% of the total market share in the industry. AlphaSights and Third Bridge both averaged 30% annual growth over the last five years.

• Some notable players in the space include Capvision (China-based), BCC (China-based), Coleman (U.S.-based), Ridgetop (U.S.-based), and Leerink Media Corp (U.S.-based).

Summary