Overview

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

IBISWorld’s IT Consulting market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$376bn
Annual Growth
11-16
1.8%
Annual Growth
16-21
Profit
Employment
2,001,920
Business
451,938

Industry Threats & Opportunities

  • Improving business sentiment and corporate profit levels will further drive industry performance
  • The trend toward cloud computing has benefited industry operators
  • Growing businesses will seek the assistance of IT consultants to improve operational efficiency

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    Industry Analysis & Industry Trends

    In the five years to 2016, the IT Consulting industry performed well in a challenging economic climate. Strong performance from major markets, such as financial services and insurance providers, enabled the IT Consulting industry to expand. As the economy continues to recover, improving business sentiment and corporate profit levels will further drive industry performance. Over the next five years, industry revenue is expected to continue growing. Increasing M&A activity in other industries will spur demand for IT consultants and, with more consolidations, companies will require assistance in the integration of accounting, information storage and other systems...

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    Industry Report - Industry Analysis Chapter

    In a technology-driven environment, businesses across all industries rely on external IT support to operate more efficiently. Operators in the IT Consulting industry implement and deploy systems that manage data on behalf of their business clients. Moreover, IT consultants design and modify supporting software to enhance online and telecommunications security systems. The industry also includes a wide range of other IT companies, including IT outsourcing and computer equipment and specialist companies that design and build the technology infrastructures used by other industry operators. Due..

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    Additional Insights for the IT Consulting Industry

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

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    Look under the hood?

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    Industry Products

    What is the IT Consulting 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
    Computer systems design, development and integration
    Custom application design, development and integration
    IT technical support services
    IT infrastructure and network design services
    IT technical consulting services
    Other 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

    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
  • Private investment in computers and software
  • Corporate profit
  • Demand from finance and insurance
  • Government consumption and investment

  • Current Performance
  • Continued innovation
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Business confidence and investment
  • Innovation and shifting technological trends
  • Industry structure
  • Table: IT Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Consulting 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, development and integration
  • Other services
  • IT infrastructure and network design services
  • Computer systems design, development and integration
  • IT technical support services
  • IT technical consulting services
  • Chart: IT Consulting Industry Products and Services Segmentation

  • Demand Determinants
  • Business profit and confidence
  • New IT products
  • In-house IT support versus outside consultants

  • Major Markets
  • Other sectors
  • Financial services
  • Public sector and non-profit organizations
  • Manufacturing and retail sectors
  • Communications and other technical sectors
  • Healthcare secotr
  • Chart: Major Market Segmentation for the IT Consulting Industry

  • International Trade
    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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the IT Consulting Industry

  • Industry Globalization
    Major Companies
    International Business Machines Corp.
  • Table: International Business Machines Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the IT Consulting 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 Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Corporate Profit (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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