The Great Recession caused many industries to reduce their consulting budgets, resulting in falling demand for management consulting services. As corporate profit recovers, however, companies will require consultants for advice and guidance. In turn, consultants will hire more employees to meet rising demand, and both profit and revenue will improve over the next five years.
Management consultants advise businesses, nonprofits and public-sector agencies in the following areas: organizational design, human resources, corporate strategy, information technology strategy, marketing and sales, finances and logistics. This industry excludes establishments providing day-to-day administrative services and establishments that are concentrated in recruitment, training, public relations, market research, engineering design, computer systems design and investment advice.
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.