All systems go: Intensive IT infrastructure needs will continue to propel industry demand

The IT Consulting industry in Virginia has undergone significant growth over the five years to 2018, benefiting from dramatic changes in technology and intensive IT infrastructure needs. The industry serves clients in a variety of industries, implementing and managing custom application, computer systems and network designs as well as IT technical support. In Virginia, IT consultants are concentrated in the Washington, DC metropolitan area and serve prominent federal government agencies as well as private aerospace and defense companies. Supported by greater demand from federal government clients, which is the largest market segment for industry operators in Virginia, industry revenue is anticipated to rise at an annualized rate of 7.1% to $70.1.

Industry Statistics & Market Size
Revenue
$70bn
Annual Growth 13-18
7.1%
Forecast Growth 18-23
Profit
Employment
203,973
Businesses
21,047

Industry Threats & Opportunities

  • The growing adoption of emerging technologies will sustain industry demand

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    Additional Insights for the IT Consulting in Virginia Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Consulting in Virginia 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 Percentage of services conducted online and Number of mobile internet connections in the IT Consulting in Virginia industry impact industry performance..

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    What's in this report

    What is the IT Consulting in Virginia Industry?

    The IT Consulting industry includes companies 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
  • Custom application design and development services
  • Computer systems design, development, and integration services
  • Information technology (IT) technical support services
  • Network design and development 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
  • Percentage of services conducted online
  • Number of mobile internet connections
  • Local and state government expenditure in Virginia
  • Number of businesses in Virginia

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Consulting in Virginia 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
  • Computer systems design, development, and integration services
  • Custom application design and development services
  • Information technology (IT) technical support services
  • Network design and development services
  • Chart: IT Consulting in Virginia Industry Products and Services Segmentation

  • Major Markets
  • Federal government
  • Business firms and farms
  • State and local governments
  • Not-for-profit organizations
  • Individuals
  • Chart: Major Market Segmentation for the IT Consulting in Virginia 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 Virginia

  • Basis of Competition
    Barriers to Entry
    Accenture PLC, CGI Group Inc., Deloitte Touche Tohmatsu LLC, International Business Machines Corporation, PricewaterhouseCoopers LLP, RGP,
  • Table: Accenture PLC - financial performance
  • Table: CGI Group Inc. - financial performance
  • Table: Deloitte Touche Tohmatsu LLC - financial performance
  • Table: International Business Machines Corporation - financial performance
  • Table: PricewaterhouseCoopers LLP - financial performance
  • Table: RGP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Consulting in Virginia 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 Virginia 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

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    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • 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 Virginia 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

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