Free bit of advice: New opportunities in the healthcare and financial sectors will buoy the industry

The Management Consulting industry in Illinois is firmly entrenched in the state's economy, particularly in the Chicago region, where more than 80.0% of the industry's establishments are located. Many of the largest companies in the industry have large offices in the Midwestern commerce capital, and every major player in the industry has at least some presence in the city to remain close to high-value clientele also located there. This has given the industry outsized value in Illinois. However, the industry has experienced muted growth over the past five years because of general economic malaise and public sector discord. Over the next five years, the industry is expected to grow along with the general Illinois economy...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Despite economic setbacks throughout the state, the industry is expected to continue growing
  • Operators have benefited from both positive and negative trends in the economy
  • Domestic companies will require assistance in process and operations management
  • Industry Report - Industry Key Buyers Chapter

    The Management Consulting industry in Illinois is fragmented and primarily consists of small, nonemploying firms that service narrow geographic or niche markets, which is consistent with an industry with low market share concentration. However, the industry in Illinois is slightly less fragmented than the industry is nationwide. All of the major companies operating in this industry have large offices in Chicago in order to locate near large financial clients that have chosen to center near the Chicago Mercantile Exchange. Whi...purchase to read more.

    Additional Insights for the Management Consulting in Illinois Industry

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

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    What's in this report

    What is the Management Consulting in Illinois 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
  • Consumer Spending in Illinois
  • Number of Businesses in Illinois
  • Local and State Government Expenditure in Illinois

  • Current Performance
  • Industry structure
  • Cyclical and countercyclical demand
  • Business opportunities and government troubles
  • Chart: Revenue Growth

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

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Management Consulting in Illinois 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
  • Financial management
  • Other consulting
  • Human resources
  • Chart: Management Consulting in Illinois Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Management Consulting in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

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

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Management 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
    Table: Industry Data for the Management Consulting in Illinois Industry
  • 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 industry research report on Management Consulting in Illinois provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Management 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 Management 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 Management 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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