Industry Analysis & Industry Trends
The popularity of this industry's services has grown over the past five years. IBISWorld estimates that industry revenue will increase by an average 1.3% per annum over the five years through 2011-12. This expansion will be largely in tandem with the increasing prevalence and importance of computing and proprietary programming for successful business. Government expenditure is expected to contract only marginally this year to maintain high levels of consumption spending to assist the economy to emerge from the recession. This bodes well for the industry. However, most of the industry's revenue is generated from the private sector, which is not showing strong enough signs of confidence to suggest that there will be strong investment in new IT systems just yet... purchase to read more
Industry Report - Industry Key Buyers Chapter
Historically, consulting industries have been highly fragmented, and IT consulting is no exception. Despite the historical tendency towards small firms, the future of managed services is big business. The rapid increase in web-based services, as well as the increasing trend to provide services across the services spectrum, has led to the need for companies to be larger. At the least, firms offering managed services are required to have access to smaller, niche firms to outsource to in the event of specific requests from clients.
The five largest players in the industry account for only 20.0% of revenue. Mid-size firms are expected to account for a further 10.0%, while the vast bulk of establishments are small (often non-employing) operators... purchase to read more