Well managed: Largely positive business confidence has aided industry revenue growth

The Consulting Services industry provides advice and strategies to solve a range of business-related issues such as financial performance, operational management, corporate strategy, marketing and sustainability. The industry, therefore, services a variety of markets, such as financial and professional service firms, government entities and manufacturing and industrial firms. Over the past five years, revenue for the Consulting Services industry has grown due to a rise in economic activity, largely positive business confidence and an increase in both private and public capital expenditure. As a result, industry revenue is expected to increase at an annualised 2.7% over the five years through 2017-18, to reach $7.0 billion. This includes an anticipated marginal growth of 0.4%...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
21,865
Businesses
20,245
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Government entities often require evaluation and advice on projects and policies before execution
  • Largely positive business confidence has supported industry revenue growth over the past five years
  • Large firms are forecast to acquire smaller specialised players over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Consulting Services industry displays low market share concentration, with the four largest players expected to account for less than 40% of industry revenue. Despite the presence of global companies, such as Deloitte, KPMG, Ernest & Young and PricewaterhouseCoopers, no player holds a commanding share of the industry. Although some of these larger players have undertaken acquisition strategies over the past five years, concentration is expected to remain stable over the period. This is due to the low barriers to entry, enticing smaller businesses and sole proprietors to enter the industry. As a result, this has offset the acquisition activity from large players...purchase to read more.

    Additional Insights for the Consulting Services Industry

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

  • Access to highly skilled workforce
  • Ability to effectively communicate and negotiate
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Capital expenditure by the public sector in the Consulting Services industry impact industry performance..

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    What's in this report

    What is the Consulting Services in New Zealand Industry?

    Industry firms provide clients with advice and strategies to solve a range of complex business issues. These issues include management, financial performance, business strategy, public relations, human resources and operational structure. Consultants aim to improve a client’s overall business performance. The industry excludes IT consulting and accounting services.

    Industry Products
  • Financial performance consulting
  • Operations consulting
  • Corporate strategy consulting
  • Human resource consulting
  • Marketing and public relations consulting
  • Environmental and sustainability consulting
  • Industry Activities
  • Business management consulting services
  • Merchandising consulting services
  • Financial advisory services
  • Strategic planning services
  • Image promotional services
  • Public relations consulting services
  • Political consulting services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Capital expenditure by the public sector
  • Number of businesses
  • Capital expenditure by the private sector

  • Current Performance
  • Industry structure
  • Key drivers
  • Technology trends
  • Downstream demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Technology trends
  • Consolidation and market share
  • Table: Consulting Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Construction in New Zealand
  • Department Stores in New Zealand
  • Legal Services in New Zealand
  • Banking in New Zealand

  • Key Selling Industries
  • Commercial Property Operators in New Zealand
  • Computer and Computer Peripheral Retailing in New Zealand

  • Products & Services
  • Corporate strategy consulting
  • Financial performance consulting
  • Operations consulting
  • Marketing and public relations consulting
  • Human resource consulting
  • Environmental and sustainability consulting
  • Chart: Consulting Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Financial and professional service firms
  • Public sector
  • Retailers and other consumer-based firms
  • Manufacturing and industrial firms
  • Technology, media and telecommunications firms
  • Healthcare providers
  • Other businesses
  • Chart: Major Market Segmentation for the Consulting Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Consulting Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Consulting Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Consulting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Consulting Services Industry
    Includes:
  • 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
    Analytics
  • Finding patterns and trends in data sources.
  • Outsource
  • The practice of hiring a third party to complete an aspect of a task.
  • Value-Added Services
  • Non-core services that provide additional value to an organisation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Consulting Services in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Consulting Services in New Zealand:
    • 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 Consulting Services in New Zealand 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 Consulting Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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