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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 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.

Report Snapshot
Market Share of Companies
Accenture plc Accenture plc market share
Industry Statistics & Market Size
Revenue
£56bn
Annual Growth 12-17
6.2%
Annual Growth 17-22
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Profit
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Employment
417,479
Businesses
154,983
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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Industry ProductsRelated ReportsTable of Contents

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


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