Industry Analysis & Industry Trends
After years of strong performance, the Management Consultants industry has fallen upon hard times. Running between 2003 through 2006, year-on-year revenue growth was particularly strong - sentiment was good and major companies could not sign up the large firms for major projects fast enough. However, in 2009 the situation began to deteriorate as the economies of the United States, Europe and Japan all slid into recession, causing companies to defer or cancel expenditure that had even the slightest appearance of extravagance.
Industry revenue contracted by 2.6% in 2009 and fell another 3.5% in 2010. While this is a considerable setback for the industry, management consultants have been somewhat insulated from the full effects of the global economic downturn... read more
Industry Locations
The industry demonstrates an uneven dispersal of establishments and revenue around the globe. It is highly concentrated in regions containing developed nations with established economies and functioning financial markets, as management consultancies are reliant on revenue generated from companies that are themselves reliant on highly developed economies. However, the prominence of consultancies in developing nations is growing, rapidly.
Subsequently, North America and Europe dominate the industry, controlling 84% of total revenue, with North Asia - containing China, Japan and South Korea - representing another 14.5%, leaving the remaining 1% of global management consulting revenue to be distributed between countries containing 57.3% of the global population... read more