Managing: Consolidation has increased due to major players' aggressive acquisition strategies

IBISWorld’s Management Consulting market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Major players have expanded through acquisition strategies, increasing industry consolidation
  • Despite increasing consolidation, the industry’s market share concentration has remained low
  • Demand from finance, insurance and professional services providers is expected to grow

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    Industry Analysis & Industry Trends

    The Management Consulting industry has displayed modest growth over the past five years, on the back of rising demand from financial institutions and the public sector. Despite volatile business confidence and declines in private capital expenditure, the diverse services of management consulting have supported industry revenue. Industry players provide a variety of services such as financial advisory, strategic planning and operations consulting to different markets including financial institutions, the government, energy and resource firms and consumer product businesses. During times of high business certainty, businesses generally seek management consultants for advice regarding expansion opportunities...

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    Industry Report - Industry Investment Chapter

    The Management Consulting industry displays low capital intensity. For every dollar spent on capital, the industry is expected to spend $18.67 on labour costs. As with most service industries, management consulting is labour-intensive and relies on the skills and knowledge of its employees. Management consultants are required to have high analytical and problem-solving capabilities. Additionally, consultants must have strong interpersonal skills as they need to effectively present advice and strategies to clients.

    The industry's capital costs are minimal due to the limited amount of capital equipment needed for consulting work. Industry capital expenditure usually involves the purchase of computing and communications equipment and specialised computer programs. Thi..

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    Additional Insights for the Management Consulting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Management Consulting Industry are

  • Provision of development programs for personnel
  • Possession of accurate information
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Capital expenditure by the private sector in the Management Consulting industry impact industry performance..

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    Industry Products

    What is the Management Consulting Industry?

    Firms in the industry provide clients with advice and strategies to solve a range of complex business issues. These issues include financial performance, business strategy and operational structure. Management consultants aim to improve a client’s overall business performance. The industry excludes public relations services, and financial planning and investment advice.

    Industry Products
    Financial consulting
    Strategy consulting
    Operations consulting
    Human resources consulting
    Sustainability consulting
    Industry Activities
    Strategic planning services
    Financial advisory services
    Operations and supply chain management consulting services
    Human capital consulting services
    Sustainability advisory services
    Other management consulting services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Capital expenditure by the private sector
  • Capital expenditure by the public sector
  • Demand from finance
  • Total business profit
  • Number of businesses

  • Current Performance
  • Operating conditions
  • Demand trends
  • Analytical developments
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving conditions
  • New products and markets
  • Consolidation and competition
  • Table: Management Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Management Consulting Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Consumer Goods Retailing
  • Telecommunications Services
  • Finance
  • Professional Services
  • Health Services

  • Key Selling Industries
  • Computer and Electronic Office Equipment Manufacturing
  • Computer System Design Services
  • Market Research and Statistical Services
  • Office Property Operators
  • Telecommunications Services

  • Products & Services
  • Financial consulting
  • Strategy consulting
  • Operations consulting
  • Human resources consulting
  • Sustainability consulting
  • Chart: Management Consulting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Finance, insurance and professional services firms
  • Retailers, wholesalers and manufacturers of consumer products
  • Public sector
  • Technology, media and communications firms
  • Other firms
  • Energy and resources firms
  • Healthcare providers
  • Chart: Major Market Segmentation for the Management Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Management Consulting

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Management Consulting Industry

  • Industry Globalization
    Major Companies
    Deloitte Touche TohmatsuKPMGPricewaterhouseCoopersErnst & Young
  • Table: Deloitte Touche Tohmatsu - financial performance
  • Table: KPMG - financial performance
  • Table: PricewaterhouseCoopers - financial performance
  • Table: Ernst & Young - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Management Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Management Consulting Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Analytics refers to the research and application of data patterns and reasoning.
  • Asset Life-Cycle Management
  • Asset management refers to the analysis of item lifespans and durability.
  • Outsourcing
  • Outsourcing refers to contracting work to third parties, typically specialised in performing specific functions.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Management Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Management Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Management Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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