Overview

All systems go: Rising corporate profit will lead to increased use of industry services

IBISWorld’s industry research report on IT Consulting in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Technology trends have boosted demand for new services and encouraged companies to replace older technology
  • Stagnation in the manufacturing sector has been a major source of decreased business activity
  • The Illinois economy is expected to rebound over the next two years

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    Industry Analysis & Industry Trends

    The IT Consulting industry in Illinois is composed of companies that help businesses design, create and implement information technology (IT) systems. Due to the low level of capital intensity in the industry, the vast majority of operators are small nonemployers. As a result, the high number of small firms ensures that larger firms do not drastically raise prices too quickly. The industry has been growing over the past five years, albeit at a slower rate than the overall economy. The Illinois economy and job market have experienced some stagnation over the past five years, thus slowing this industry's growth. The state has contended with stagnating job growth in the manufacturing sector and above-the-national-average unemployment rates...

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    Industry Report - Industry Key Buyers Chapter

    Market share concentration in the industry in Illinois is low due to the high number of nonemployers. IT consulting serves a broad range of services. Thus, a high number of nonemployers exist in IT consulting, especially in instances where a minor level of technology and data knowledge is necessary. However, higher-level IT consulting for large corporations with thousands of employees is more difficult due to their substantially higher need for data storage and management. Sophisticated IT consulting requires capital investments, such as computer servers and related software systems, thus making it substantially more difficult for new entrants to enter the market and attain large clients.

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    Additional Insights for the IT Consulting in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Consulting in Illinois 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 Corporate profit and Private investment in computers and software in the IT Consulting in Illinois industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the IT Consulting in Illinois Industry?

    The IT Consulting industry 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 managing on-site 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
    IT infrastructure and network design services
    IT technical support services
    Other services
    Industry Activities
    Providing IT 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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Private investment in computers and software
  • Government consumption and investment
  • Number of businesses

  • Current Performance
  • Increased demand leads to augmented revenue
  • Chart: Revenue Growth

  • Industry Outlook
  • Economic growth spurs upward revenue pressure
  • Table: IT Consulting in Illinois Industry Revenue Outlook

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

  • Products & Markets
    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
  • Other services
  • IT infrastructure and network design services
  • IT technical support services
  • Chart: IT Consulting in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Financial services
  • Manufacturing and retail
  • Communications and other technical sectors
  • Healthcare sector
  • Government agencies and non-profit organizations
  • Individuals
  • Chart: Major Market Segmentation for the IT Consulting in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs IT Consulting in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the IT Consulting in Illinois Industry

  • Major Companies
    AccentureDell Inc.Hewlett Packard Enterprise CompanyInternational Business Machines Corp.
  • Table: Accenture - financial performance
  • Table: Dell Inc. - financial performance
  • Table: Hewlett Packard Enterprise Company - financial performance
  • Table: International Business Machines Corp. - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the IT Consulting in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of Businesses in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on IT Consulting in Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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