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Management Consultants in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Management Consultants Market Research Report | SIC M70.229 | Mar 2017

Guiding growth: Uncertainty resulting from the EU referendum boosts industry demand

IBISWorld’s Management Consultants 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.

Report Snapshot
Market Share of Companies
Accenture plc Accenture plc market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Increasing demand for IT consulting services has propelled growth over the past five years
  • Increasing enterprise numbers have led to a higher level of employment in the industry
  • Demand is expected to rise due to the uncertainty surround the UK’s exit from the European Union
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Industry Analysis & Industry Trends

The Management Consultants industry covers a very broad range of consulting, including strategic and organisational planning, marketing, IT and human resource consulting and business process management. Industry revenue is expected to grow at a compound annual rate of 6.2% over the five years through 2016-17. This growth is expected to be driven largely by increasing demand for IT consulting services. Meanwhile, regulatory changes in the financial services sector, the industry's largest downstream market, also benefited industry participants as banks and other financial institutions required assistance to reformulate business strategies and operations in order to comply with these changes.

In 2016-17, revenue is forecast to increase by 4.2% to reach £55.7 billion... purchase to read more

Industry Report - Industry Analysis Chapter

The Management Consultants industry has performed strongly in recent years, predominantly due to the rate of technological change, which has spurred on demand for IT strategy, and high levels of regulatory pressure in the financial sector, which have aided demand from banks and insurance companies. Displaying the high relative performance of this industry compared with others in the sector, consulting has been stated as the highest growth segment of each of the Big Four accounting firms in their most recent financial reports. Industry revenue is estimated to increase at a compound annual rate of 6.2% over the five years through 2016-17. In the current year, revenue is anticipated to grow by 4.2% to reach £55.7 billion.

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Additional Insights for the Management Consultants Industry

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

  • Provision of development programs for personnel
  • Willingness to outsource when appropriate
  • Possession of accurate information
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Number of businesses in the Management Consultants industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Management Consultants Industry?

    Management consultants provide advice, guidance and operational assistance to businesses and other organisations on management issues. Principal areas of consultation include strategic and organisational planning, marketing, human resources and operational management. The industry excludes the provision of consulting advice on legal, engineering and educational matters. Consulting relating to financial management is also excluded.

    Industry Products
    IT strategyProgramme or project managementProcess and operations managementCorporate strategyHuman capitalRisk managementChange managementOther services
    Industry Activities
    Strategic planningOperational planningBusiness researchHuman resources consultingMarketing consultingIT consultingGeneral consultancy 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
  • Number of businesses
  • Demand from banks
  • Demand from general insurance
  • Government capital expenditure
  • Current Performance
  • IT strategy
  • Regulation changes
  • Benefits of uncertainty
  • Profit and

    enterprise trends

  • Strategic alliances
  • Chart: Revenue Growth
  • Industry Outlook
  • Potential for growth
  • Planning for change
  • Enterprises and employment
  • Table: Management Consultants Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Management Consultants Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Commercial Building Construction
  • Banks
  • General Insurance
  • Key Selling Industries
  • Employment Placement Agencies
  • Universities
  • Products & Services
  • IT strategy
  • Programme or project management
  • Process and operations management
  • Other services
  • Corporate strategy
  • Human capital
  • Risk management
  • Change management
  • Chart: Management Consultants Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Financial services sector
  • Government
  • Other
  • Manufacturing sector
  • Telecommunications and information sector
  • Energy and utilities sector
  • Retail and leisure sector
  • Chart: Major Market Segmentation for the Management Consultants Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Management Consultants
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Management Consultants Industry
  • Industry Globalization
    Major Companies
    Accenture (UK) Ltd
  • Table: Accenture (UK) Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Management Consultants 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 Consultants Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Change Management
  • Consultants overseeing structural changes to a company's operation.
  • Corporate Strategy
  • The formulation and implementation of the major initiatives taken by a company's top management on behalf of the owners.
  • Omnichannel Selling
  • An approach to sales where customers can buy a firm's goods in multiple ways, such as by telephone, online or in a store. These channels are interconnected to provide a seamless shopping experience.

  • 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 Consultants:
    • 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 Consultants 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 Consultants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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