The Alternative Dispute Resolution Services industry in Australia provides individuals and corporations with avenues to resolve disputes without litigation. Alternative dispute resolution (ADR) (which generally consisting of mediation, conciliation and arbitration) has surged in popularity during the past decade, underpinning strong growth in industry revenue and profitability. Industry revenue is expected to grow at an annualised 6.5% over the five years through 2014-15 to reach $1.5 billion, with growth of 5.7% forecast for the current year.
Companies in this industry help disagreeing parties to come to an agreement through processes and techniques other than a court trial. This includes methods such as arbitration, mediation and other means of dispute resolution.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.