Scientific Research & Development Services Industry

NAICS: 5417

Scientific Research & Development Services Market Share: Largest Companies in the Scientific Research & Development Services Industry

Company	Headquarters	Revenue ($ MM)
LEIDOS (NYSE: LDOS)	Denver, CO	100
NATIONAL TECHNOLOGY & ENGINEERING SOLUTIONS OF SANDIA	Albuquerque, NM	30
INC RESEARCH (NASDAQ: INCR)	Raleigh, NC	27
RESEARCH FOUNDATION FOR STATE UNIVERSITY OF NEW YORK	Albany, NY	17
FLUOR MARINE PROPULSION	West Mifflin, PA	15
SYNEOS HEALTH	Raleigh, NC	13
ILLUMINA	San Diego, CA	12
UT-BATTELLE	Oak Ridge, TN	11
PRA HOLDINGS	Raleigh, NC	11
BATTELLE ENERGY ALLIANCE	Idaho Falls, ID	11
FRED HUTCHINSON CANCER CENTER	Seattle, WA	10
BIOMERIEUX	Salt Lake City, UT	9
PRA INTERNATIONAL OPERATIONS	Raleigh, NC	9
EMERALD THERAPEUTICS	South San Francisco, CA	9
ELANCO US	Greenfield, IN	9
VERTEX PHARMACEUTICALS	Boston, MA	9
EXPLORE VENTURES	Kent, WA	8
UCHICAGO ARGONNE	Lemont, IL	7
RESEARCH TRIANGLE INSTITUTE INTERNATIONAL	Durham, NC	7

This is a list of the largest companies active in the Scientific Research & Development Services industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Scientific Research & Development Services industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.

Growth: Fastest Growing Scientific Research & Development Services Companies

A list of competitors in the Scientific Research & Development Services industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Scientific Research & Development Services businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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Venture Funding

These Scientific Research & Development Services companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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