Sound advice: Steady demand and profitability will increase industry participation in Georgia

The Management Consulting industry in Georgia has performed favorably over the five years to 2018. A strong state economy, an expanding number of businesses and rising demand from private- and public-sector clients are expected to support the industry’s expansion during the current period, with industry revenue in Georgia anticipated to rise at an annualized rate of 1.3% during the five-year period to total $8.7 billion. Rising profitability and the industry’s relative ease of entry have encouraged new operators to join over the past five years, with the number of industry enterprises expected to grow an annualized 3.7% to 27,772 over the five years to 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
55,226
Businesses
27,996

Industry Threats & Opportunities

  • A strong state economy and rising demand from private- and public-sector clients are expected to support the industry’s expansion
  • Industry Report - Industry Key Buyers Chapter

    •The Management Consulting industry in Georgia is characterized by a low level of market share concentration, similar to the industry at the national level.•The state industry is highly fragmented, defined by a large number of small-scale establishments that serve localized markets or offer niche consulting services.•In 2018, the top four industry companies in the state are expected to collectively generate less than 10.0% of annual industry revenue in Georgia.•The industry in Georgia is characterized by low barriers to entry, mirroring the industry at the national level, which encourages the entrance of new operators...purchase to read more.

    Additional Insights for the Management Consulting in Georgia Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Management Consulting in Georgia 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 Consumer spending in Georgia in the Management Consulting in Georgia industry impact industry performance..

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    What's in this report

    What is the Management Consulting in Georgia 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
  • Marketing and sales
  • Process and operations management
  • Human resources advisory
  • Financial advisory
  • Other consulting services
  • 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
  • Consumer spending in Georgia
  • Number of businesses in Georgia
  • Government consumption and investment

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Management Consulting in Georgia 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
  • Marketing and sales
  • Process and operations management
  • Other consulting services
  • Financial advisory
  • Human resources advisory
  • Chart: Management Consulting in Georgia Industry Products and Services Segmentation

  • Major Markets
  • Consumer products and manufacturing
  • Government organizations
  • Technology and media
  • Financial services
  • Healthcare and life sciences
  • Energy and utilities
  • Individuals and nonprofit organizations
  • Chart: Major Market Segmentation for the Management Consulting in Georgia Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Management Consulting in Georgia

  • Basis of Competition
    Barriers to Entry
    Accenture PLC, Deloitte Touche Tohmatsu LLC, McKinsey & Company, PricewaterhouseCoopers LLP,
  • Table: Accenture PLC - financial performance
  • Table: Deloitte Touche Tohmatsu LLC - financial performance
  • Table: McKinsey & Company - financial performance
  • Table: PricewaterhouseCoopers LLP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Management Consulting in Georgia 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 Georgia Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Corporate profit (2009-2023)

  • 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 their 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 focusing on minimizing costs and maintaining profit, often in conjunction with the development of new products and services.
  • What Our Customers Say

    Why buy this report?

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    This report on Management Consulting in Georgia:
    • 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 Georgia 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 Georgia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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