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.
.. purchase to read more