The Management Consultants industry covers a very broad range of consulting including strategic and organisational planning, marketing and IT consulting, human resource consulting and business process management. Industry revenue is expected to grow at a compound annual rate of 4.6% over the five years through 2015-16. Although weak economic conditions in the early part of the period forced businesses to slash spending, demand remained relatively stable as firms sought advice from external consultants to restructure operations, improve operational efficiencies and remain profitable.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.