NAICS 56199 - All Other Support Services
This industry comprises establishments primarily engaged in providing day-to-day business and other organizational support services (except office administrative services, facilities support services, employment services, business support services, travel arrangement and reservation services, security and investigation services, services to buildings and other structures, packaging and labeling services, and convention and trade show organizing services).
Industry trends:
The NAICS 56199 category, which encompasses various support services not classified elsewhere, is experiencing several qualitative trends driven by economic shifts, technological advancements, and evolving consumer expectations. One significant trend is the growing integration of artificial intelligence and automation. Companies are increasingly adopting automated systems for back-office functions to enhance efficiency and reduce costs. This trend is expected to continue as technology becomes more accessible and businesses seek to streamline operations.
Another emerging trend is the increased emphasis on sustainability and green practices. Support service providers are expanding their offerings to include environmentally friendly solutions, such as energy-efficient facilities management and sustainable supply chain logistics. This shift is driven by both regulatory pressures and a rising consumer demand for eco-friendly business practices.
The gig economy is also influencing this sector, with more companies leveraging freelance and contract workers to meet fluctuating demands. This trend allows businesses to maintain flexibility while managing costs, but it also requires new strategies for workforce management and compliance.
In the near future, we forecast continued growth in remote and virtual support services. The pandemic has accelerated the adoption of remote work, and companies are likely to sustain these practices due to their cost-effectiveness and employee satisfaction. As a result, there will be a greater demand for virtual support in IT, customer service, and administrative tasks.
This industry is comprised of:
Auctioneers, independent
Bartering services
Bottle exchanges
Cloth cutting, bolting, or winding for the trade
Coin pick-up services, parking meter
Coupon processing services
Coupon redemption services (i.e., clearinghouse)
Diving services on a contract or fee basis
Document shredding services
Electrical meter reading services, contract
Fire fighting services as a commercial activity
Flagging (i.e., traffic control) services
Float decorating services
Gas meter reading services, contract
Inventory computing services
Inventory taking services
License issuing services (except government), motor vehicle
Locating underground utility lines prior to digging
Lumber grading services
Meter reading services, contract
Motor vehicle license issuing services, private franchise
Printing brokers
Private volunteer fire fighting
Tape slitting (e.g., cutting plastic or leather into widths) for the trade
Textile cutting services
Trading stamp promotion and sale to stores
Trading stamp redemption services
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.