Consulting Services Report Summary

SIC Codes: 0781 4731 7361 8741 8742 8999
NAICS Codes: 541611 541612 541613 541614 541618 541620 541690

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Consulting Services Industry Overview

Excerpt from Consulting Services Report

Companies in this industry provide management, scientific, and technical consulting services, including specialized services such as environmental, human resources, IT, logistics, and marketing consulting. Major global companies include Accenture, Bain & Company, Booz Allen, Boston Consulting Group, IBM Services, and McKinsey & Company, as well as the consulting arms of the Big Four accounting firms -- Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers.

Competitive Landscape

Demand is driven primarily by corporate spending. The profitability of individual companies depends on the efficiency of their operations and their ability to maintain a steady flow of business. Large firms have advantages in being able to offer broad ranges of services and to take on more complex projects. Small firms can compete effectively by specializing. The US industry is fragmented: the top 50 companies account for about 30% of industry revenue.

Products, Operations & Technology

Management consulting services, including consulting related to strategic planning, marketing, and human resources, account for about 85% of US industry revenue. Other major revenue sources include scientific and technical consulting and environmental consulting.

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