Computing the risk: Firms may delay IT spending until economic conditions are more stable

The Computer Consultants industry is composed of businesses that provide expert advice and assistance by planning and designing computer systems that integrate computer hardware, software and communication technologies. Computer consultants provide services to clients in all sectors of the economy, although clients within the financial services sector and the public sector are particularly important for the industry. Demand for industry services is largely influenced by business confidence levels, which rise and fall with overall economic conditions, and technological advancements, particularly those that are beneficial to businesses.The industry has performed well over the past five years and is expected to record strong revenue growth...read more.

Industry Statistics & Market Size
Revenue
£46.4bn
Annual Growth 13-18
5.0%
Forecast Growth 18-23
Profit
Employment
400,972
Businesses
115,742
Market Share of Companies

Industry Threats & Opportunities

  • Uncertainty may prompt businesses to delay IT spending until conditions are more stable
  • Routine tasks that do not need a high level of technical skill are susceptible to offshoring
  • The fall in the value of the pound makes it difficult for consultancies to recruit from overseas
  • Industry Report - Industry Analysis Chapter

    Computer consultants help businesses to adapt to new technologies and thereby conduct business more efficiently. This involves supporting current IT processes and helping to develop new ones. Demand depends on the speed at which new hardware and software is developed and various firms’ ability and willingness to invest in new technology. While the past five years have been characterised by a gradual economic recovery, advances in the computer sector have been more abrupt. Firms in the United Kingdom became more optimistic about their future prospects from 2013-14, and confidence returned to the high levels recorded prior to the economic crisis. However, over the past two years, business confidence has been negatively affected by uncertainty due to the EU referendum in June 2016. Sub...purchase to read more.

    Additional Insights for the Computer Consultants Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Computer Consultants Industry are

  • Development of new products
  • Highly trained workforce
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as IT and telecommunications adoption and Business confidence index in the Computer Consultants industry impact industry performance..

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    What's in this report

    What is the Computer Consultants Industry?

    Computer consultants provide expert advice and assistance by planning and designing computer systems that integrate computer hardware, software and communication technologies. Services may also include training users. Industry operators do not sell computer hardware and software (see IBISWorld report G47.410) or install mainframes, personal computers or software.

    Industry Products
  • Software consulting
  • Hardware consulting
  • Systems and technical consulting
  • Business consulting
  • Industry Activities
  • Offering hardware and software consultancy
  • Building custom-designed systems
  • Training users
  • Analysing systems
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • IT and telecommunications adoption
  • Business confidence index
  • Demand from banks
  • Demand from computer and computer equipment repair
  • Real government consumption expenditure

  • Current Performance
  • End program
  • Adopting and adapting
  • Operations abroad
  • Chart: Revenue Growth

  • Industry Outlook
  • Computing the referendum
  • Enterprise expansion
  • Consultancies connect
  • Table: Computer Consultants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Computer Consultants Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Banks
  • Accounting & Auditing

  • Key Selling Industries
  • Computer & Peripheral Equipment Manufacturing
  • Software Publishing

  • Products & Services
  • Software consulting
  • Systems and technical consulting
  • Business consulting
  • Hardware consulting
  • Chart: Computer Consultants Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Financial services
  • Other
  • Public sector
  • Professional and technical services
  • Communications and telecommunications
  • Manufacturing
  • Wholesale and retail
  • Chart: Major Market Segmentation for the Computer Consultants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesPayments to subcontractorsRent, utilities and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Computer Consultants

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

  • Industry Globalization
    IBM United Kingdom Ltd,
  • Table: IBM United Kingdom Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Computer Consultants 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 Computer Consultants Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Data
  • A term that describes any large data set, usually bigger than a petabyte, which can be mined for information.
  • Cloud Computing
  • The practice of using a network of remote servers hosted on the internet to store, manage and process data rather than a local server.
  • Commoditisation
  • When a product or system is widely available and interchangeable with others in the market.
  • Offshoring
  • When a business operation or process is outsourced to a location overseas.
  • Outsourcing
  • When an operation is contracted out to a third party.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Computer Consultants market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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

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