Strategic growth: Rising business formation in Pennsylvania will bolster industry demand

The Management Consulting industry in Pennsylvania has expanded over the past five years. The industry has an outsized importance in the Pennsylvania economy relative to other states, particularly within the Greater Philadelphia area. Over the five years to 2018, rising demand from private-sector clientele has enabled industry revenue to rise an estimated annualized 0.8% to reach $8.8 billion, including a projected 0.7% jump this year. In addition to expanding in revenue, the industry has also grown in size; the number of industry enterprises is expected to grow an annualized 2.2% over the five years to 2018 to reach 25,774. Similarly, industry employment is estimated to expand an annualized 0.7% during the same five-year period to total 56,276 workers...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
0.8%
Forecast Growth 18-23
Profit
Employment
56,276
Businesses
26,062

Industry Threats & Opportunities

  • Rising demand from private-sector clientele has enabled industry revenue to rise
  • Additional Insights for the Management Consulting in Pennsylvania Industry

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

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    What's in this report

    What is the Management Consulting in Pennsylvania 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
  • Number of businesses in Pennsylvania
  • Government consumption and investment
  • Consumer Spending in Pennsylvania

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

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

  • Basis of Competition
    Barriers to Entry
    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 Pennsylvania 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 Pennsylvania 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 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?

    The Management Consulting in Pennsylvania Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Pennsylvania:
    • 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 Pennsylvania 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 Pennsylvania, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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