Digital demand: The increased prevalence of technology will continue to support industry growth in the state

The IT Consulting industry in Florida is composed of companies that help businesses design and implement information technology (IT) systems and infrastructure. Growth in local and state government expenditure in Florida has boosted demand for industry services over the five years to 2017. As government offices continued to go digital, they required the assistance of industry operators to streamline their operations. Additionally, growth in the number of businesses in the state further boosted industry demand. Consequently, industry revenue is projected to have grown over the past five years. Over the five years to 2022, industry revenue is forecast to continue growing...purchase to read more.

Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 12-17
0.7%
Forecast Growth 17-22
Profit
Employment
111,592
Businesses
31,198

Industry Threats & Opportunities

  • Growth in local and state government expenditure in Florida has boosted demand for industry services
  • Florida, specifically, is increasingly recognized for its IT infrastructure
  • Businesses of all shapes and sizes across all sectors will require the expertise of IT consultants
  • Additional Insights for the IT Consulting in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Consulting in Florida Industry are

  • Adoption of a commercial focus
  • Access to the latest available and most efficient technology and techniques
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Local and state government expenditure in Florida and Number of businesses in Florida in the IT Consulting in Florida industry impact industry performance..

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    What's in this report

    What is the IT Consulting in Florida Industry?

    The IT Consulting industry in Florida includes firms that provide the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers and off-site data processing and hosting services.

    Industry Products
  • Custom application design and development services
  • Computer systems design, development and integration services
  • Information technology (IT) technical consulting services
  • Other custom application design and development services
  • Industry Activities
  • Providing information technology expertise for consumers
  • Writing, modifying, testing and supporting software to meet the specific needs of one client
  • Planning, design and integration of computer or network systems
  • On-site management and IT functions
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Local and state government expenditure in Florida
  • Number of businesses in Florida
  • Population of Florida
  • Consumer price index

  • Current Performance
  • Innovation
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Business growth and investment
  • Innovation and shifting technological trends
  • Industry structure
  • Table: IT Consulting in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Consulting in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wholesale Trade
  • Information
  • Finance and Insurance
  • Healthcare and Social Assistance
  • Public Administration

  • Key Selling Industries
  • Communication Equipment Manufacturing
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Information
  • Software Publishing

  • Products & Services
  • Custom application design and development services
  • Computer systems design, development and integration services
  • Information technology (IT) technical consulting services
  • Other custom application design and development services
  • Chart: IT Consulting in Florida Industry Products and Services Segmentation

  • Major Markets
  • Private Sector (For-Profit)
  • Federal government
  • State and local governments
  • Individuals
  • Not-for-profits
  • Chart: Major Market Segmentation for the IT Consulting in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs IT Consulting in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the IT Consulting in Florida Industry

  • Accenture PLC, American Systems, CGI Group Inc., RGP,
  • Table: Accenture PLC - financial performance
  • Table: American Systems - financial performance
  • Table: CGI Group Inc. - financial performance
  • Table: RGP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Consulting in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the IT Consulting in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of Services Conducted Online (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Data Analytics
  • The method by which a company combs through a large collection of unorganized data for potential trends and insights.
  • Cloud Computing
  • Computing model in which companies' computer applications are hosted in outside servers accessible via the internet and managed by third-party firms.
  • Commoditization
  • The trend toward uniformity in product offerings and price; commonly cited as a cause of declining prices and profitability in computer hardware manufacturing.
  • Information Technology (It)
  • The design, development, implementation, support or management of computer-based information systems.
  • Integrated System
  • A preintegrated, optimized combination of software and hardware. Such a system increases ease in installing updates and improves performance, scalability and reliability.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Server
  • Any combination of hardware or software designed to provide services to clients; it generally refers to a center of a network, where information can be shared via an online connection.
  • Software As A Service (Saas)
  • Software that is deployed over the internet and runs behind a firewall in a person's local area network or personal computer.
  • Third Platform
  • A collection of all modern IT technologies introduced in the past decade; includes cloud computing, social networking, mobile computing and 'big data' analytics.
  • Virtualization
  • The use of software programs to operate multiple virtual server systems on one physical server.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s IT Consulting in Florida Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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    This report on IT Consulting in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The IT Consulting in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on IT Consulting in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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