Expertly managed: The industry is expected to grow alongside the general Florida economy

Operators in the Management Consulting industry in Florida provide advisory services to businesses, nonprofits and public-sector agencies to assist in organizational design, corporate strategy, information technology (IT) strategy, marketing and logistics. The industry is firmly entrenched in the state's economy, particularly in the Miami area, which is home to one of the largest financial services districts in the United States. Every major player in the industry has an office located in or near the city's Brickell neighborhood to remain close to high-value clientele also located there. This has given the industry outsized value in Florida relative to most other states...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
1.1%
Forecast Growth 17-22
Profit
Employment
119,998
Businesses
66,177

Industry Threats & Opportunities

  • In recent years, demand growth has been driven primarily by private-sector clients
  • This industry is unique in that it benefits from both cyclical and countercyclical demand
  • The performance of the largest industry operators will be underpinned by steady domestic business conditions
  • Industry Report - Industry Products Chapter

    Corporate strategy and implementationCorporate strategy services contribute an estimated 46.7% to the Management Consulting industry's Florida-specific revenue. This service area includes strategic advice in the areas of general growth strategy, leadership development, performance improvement, mergers and acquisitions and corporate portfolio design. In the area of leadership development, consultants view employee engagement as a potential source of competitive advantage. As online learning methodologies have reduced the cost of providing employee training, this service area has experienced growth. Over the past five years, this segment has grown as a proportion of revenue as companies hire consultants to develop new ideas and business plans. As ...purchase to read more.

    Additional Insights for the Management Consulting in Florida Industry

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

  • Ability to compete on tender
  • Well-developed internal processes
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of businesses in Florida in the Management Consulting in Florida industry impact industry performance..

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    What's in this report

    What is the Management Consulting in Florida Industry?

    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.

    Industry Products
  • Corporate strategy and implementation
  • Marketing and sales
  • Process and operations
  • Financial management
  • Human resources
  • Other consulting
  • Industry Activities
  • Actuarial, employee benefits and compensation consulting services
  • Administrative and general management consulting services
  • Marketing consulting services
  • Process and logistics consulting services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Number of businesses in Florida
  • Aggregate private investment
  • Consumer Spending in Florida

  • Current Performance
  • Industry structure
  • Cyclical and countercyclical demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Continued uncertainty
  • Table: Management Consulting in Florida Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Utilities
  • Manufacturing
  • Finance and Insurance
  • Healthcare and Social Assistance
  • Public Administration

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Office Supply Stores

  • Products & Services
  • Corporate strategy and implementation
  • Marketing and sales
  • Process and operations
  • Other consulting
  • Human resources
  • Financial management
  • Chart: Management Consulting in Florida Industry Products and Services Segmentation

  • Major Markets
  • Financial service companies
  • Government organizations
  • Consumer products and manufacturing companies
  • Technology and media companies
  • Life science and healthcare companies
  • Individuals and nonprofits
  • Energy and utilities companies
  • Chart: Major Market Segmentation for the Management Consulting in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Management Consulting in Florida

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Management Consulting in Florida Industry

  • Deloitte Touche Tohmatsu LLC, McKinsey & Company, Accenture PLC, PricewaterhouseCoopers LLP,
  • Table: Deloitte Touche Tohmatsu LLC - financial performance
  • Table: McKinsey & Company - financial performance
  • Table: Accenture PLC - financial performance
  • Table: PricewaterhouseCoopers LLP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Management 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 Management Consulting in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Corporate profit (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Defined Benefit Pension Plan
  • A retirement pension plan in which an employer commits to paying its employee a specific benefit for life beginning at his or her retirement.
  • Defined Contribution Pension Plan
  • A retirement pension plan in which an employer's annual contribution is specified. The value of future benefits at the time of retirement is not specified.
  • Human Resources Consulting
  • The contracting of a consultant for advice on structuring human resource and personnel policies, employee benefits, compensation systems and wage and salary administration.
  • Management Consultant
  • A consultant who provides advice and assistance to businesses and other organizations on various issues, including management.
  • Strategic Consulting
  • The contracting of a consultant to advise on long-term planning with an eye toward minimizing costs and maintaining profit, often in conjunction with the development of new products and services.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Management 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Management 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 Management 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 Management 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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