Power on: Demand from professional, scientific and technical services will sustain revenue growth

The IT Consulting industry in Massachusetts covers a wide range of services that are reliant on broad downstream markets. Due to the localized nature of consulting services, operators typically serve customers that are within a specific region or require niche services. Overall, this industry is expected to grow at an annualized rate of 1.2% to $16.1 billion, with the primary growth factors derived from the growth in business in Massachusetts, as well as increasing government expenditures. The number of businesses in Massachusetts, which are a major downstream market for industry services, is projected to grow at an annualized rate of 1.2% during the five-year period. These factors are expected to drive revenue growth of 1.1% in 2018, consistent with previous levels of growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 13-18
1.2%
Forecast Growth 18-23
Profit
Employment
68,810
Businesses
11,876

Industry Threats & Opportunities

  • The state industry is more dependent on private businesses than the national counterpart
  • Additional Insights for the IT Consulting in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Consulting in Massachusetts 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 Number of businesses in Massachusetts and Local and state government expenditure in Massachusetts in the IT Consulting in Massachusetts industry impact industry performance..

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    What's in this report

    What is the IT Consulting in Massachusetts 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 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
  • IT technical consulting services
  • IT infrastructure and network management services
  • Computer systems management
  • Data storage services
  • IT technical support 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
  • Number of businesses in Massachusetts
  • Local and state government expenditure in Massachusetts
  • Population of Massachusetts
  • Northeast Region Consumer Price Index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Consulting in Massachusetts 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
  • IT technical consulting services
  • IT infrastructure and network management services
  • Computer systems management
  • Data storage services
  • IT technical support services
  • Other
  • Chart: IT Consulting in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Private business
  • Federal government
  • Not-for-profit organizations
  • Individuals
  • State and local governments
  • Chart: Major Market Segmentation for the IT Consulting in Massachusetts Industry

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

  • Basis of Competition
    Barriers to Entry
    Accenture PLC, Bain & Company, Deloitte Touche Tohmatsu LLC, International Business Machines Corp.,
  • Table: Accenture PLC - financial performance
  • Table: Bain & Company - financial performance
  • Table: Deloitte Touche Tohmatsu LLC - financial performance
  • Table: International Business Machines Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Consulting in Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Percentage of Services Conducted Online (2009-2023)

  • 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 Industry Market Report on IT Consulting in Massachusetts is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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