Tools commonly used in the Business Services NEC industry for day-to-day tasks and operations.

• Customer Relationship Management (CRM) software
• Project management software
• Accounting software
• Payroll software
• Human Resources Information System (HRIS)
• Social media management tools
• Email marketing software
• Data analytics tools
• Virtual meeting software
• Content management systems (CMS)

Common products and services typical of NAICS Code 561990-01, illustrating the main business activities and contributions to the market.

• Marketing consulting
• Administrative support services
• Business management consulting
• Public relations services
• Event planning services
• Translation and interpretation services
• Market research and analysis
• Bookkeeping and accounting services
• Data processing and hosting services
• Document preparation services

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Business Analysis Professional (CBAP): CBAP is a certification for business analysts that demonstrates their expertise in identifying business needs and determining solutions to business problems. The International Institute of Business Analysis (IIBA) provides this certification. [Explanation]
• Certified Information Systems Security Professional (CISSP): CISSP is a certification for information security professionals that demonstrates their expertise in designing, implementing, and managing cybersecurity programs. The International Information System Security Certification Consortium (ISC)² provides this certification. [Explanation]
• Certified Management Accountant (CMA): CMA is a certification for management accountants that demonstrates their expertise in financial planning, analysis, control, and decision support. The Institute of Management Accountants (IMA) provides this certification. [Explanation]
• Certified Professional In Supply Management (CPSM): CPSM is a certification for supply chain professionals that demonstrates their expertise in strategic sourcing, supplier relationship management, and risk management. The Institute for Supply Management (ISM) provides this certification. [Explanation]
• Project Management Professional (PMP): PMP is a certification for project managers that demonstrates their expertise in initiating, planning, executing, monitoring, controlling, and closing projects. The Project Management Institute (PMI) provides this certification. [Explanation]

A concise historical narrative of NAICS Code 561990-01 covering global milestones and recent developments within the United States.

• The "Business Services NEC" industry has a long history dating back to the early 20th century when businesses started outsourcing non-core functions to specialized service providers. The industry has since grown to encompass a wide range of services, including administrative and support services, waste management, and remediation services. Notable advancements in the industry include the introduction of computer-based technologies in the 1980s, which revolutionized the way businesses operate and led to the emergence of new service areas such as IT consulting and outsourcing. In recent years, the industry has seen a shift towards more specialized and niche services, such as data analytics, cybersecurity, and digital marketing. In the United States, the industry has experienced steady growth over the past decade, driven by the increasing demand for outsourcing services and the rise of the gig economy.

The anticipated future trajectory of the NAICS 561990-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Business Services NEC industry in the USA is expected to grow in the coming years due to the increasing demand for outsourcing services. The industry is expected to benefit from the growth of the US economy, which is projected to increase the demand for business services. The industry is also expected to benefit from the increasing adoption of technology, which is expected to drive demand for IT services. However, the industry is also expected to face challenges such as increasing competition and the need to adapt to changing market conditions. Overall, the future outlook for the Business Services NEC industry in the USA is positive, with growth expected in the coming years.

Recent groundbreaking advancements and milestones in the Business Services NEC industry, reflecting notable innovations that have reshaped its landscape.

• Virtual and Augmented Reality Services: The Business Services NEC industry has seen an increase in the adoption of virtual and augmented reality services, which are being used to enhance customer experiences and improve business operations.
• Artificial Intelligence and Machine Learning: The industry is also seeing an increase in the adoption of artificial intelligence and machine learning technologies, which are being used to automate business processes and improve decision-making.
• Cybersecurity Services: With the increasing threat of cyber attacks, the demand for cybersecurity services is on the rise. The industry is seeing an increase in the adoption of cybersecurity services to protect businesses from cyber threats.
• Cloud Computing Services: The adoption of cloud computing services is on the rise, with businesses looking to reduce costs and improve efficiency. The Business Services NEC industry is seeing an increase in the adoption of cloud computing services to meet the growing demand.
• Data Analytics Services: With the increasing amount of data being generated, the demand for data analytics services is on the rise. The industry is seeing an increase in the adoption of data analytics services to help businesses make better decisions.