New strategies: Demand has risen for advice on the UK's exit from the European Union

The Management Consultants industry covers a broad range of consulting services, including strategic and organisational planning, marketing, IT and human resource consulting, and business process management. Industry revenue is expected to grow at a compound annual rate of 1.7% over the five years through 2018-19. This growth is anticipated to be driven largely by rising demand for IT consulting services. Meanwhile, regulatory changes in the financial services sector, the industry's largest downstream market, have also benefited industry participants, as banks and other financial institutions have required assistance to reformulate business strategies and operations in order to comply with new policies.In 2018-19, revenue is forecast to dip by 0.2% to reach £50.2 more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Business confidence is forecast to fall in the current year, contributing to revenue decline
  • Firms have set up services specifically for advice on the UK’s exit from the European Union
  • Competition from computer consultants is likely to limit revenue generated by IT strategy
  • Industry Report - Industry Key Buyers Chapter

    The Management Consultants industry exhibits a high degree of fragmentation, despite the involvement of a number of global businesses in the market. The four largest firms in the industry are estimated to account for 5.9% of industry revenue in 2018-19. The majority of the industry consists of independent contractors and specialised boutique firms, resulting in a high degree of fragmentation. This is highlighted by the fact that 97% of industry operators employed fewer than 10 people in 2018, according to the ONS.One of the main reasons for the significant number of small firms is the ease with which new consultancies can be established. As ...purchase to read more.

    Additional Insights for the Management Consultants Industry

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

  • Provision of development programs for personnel
  • Willingness to outsource when appropriate
  • Possession of accurate information
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Number of businesses in the Management Consultants industry impact industry performance..

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    What's in this report

    What is the Management Consultants Industry?

    Management consultants provide advice, guidance and operational assistance to businesses and other organisations on management issues. Principal areas of consultation include strategic and organisational planning, marketing, human resources and operational management. The industry excludes the provision of consulting advice on legal, engineering and educational matters. Consulting relating to financial management is also excluded.

    Industry Products
  • IT strategy
  • Programme or project management
  • Process and operations management
  • Corporate strategy
  • Human capital
  • Risk management
  • Change management
  • Other services
  • Industry Activities
  • Strategic planning
  • Operational planning
  • Business research
  • Human resources consulting
  • Marketing consulting
  • IT consulting
  • General consultancy services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Number of businesses
  • Demand from banks
  • Demand from general insurance
  • Government capital expenditure
  • IT and telecommunications adoption

  • Current Performance
  • Going digital
  • Regulation changes
  • Confidence and demand
  • Enterprises and profitability
  • Strategic alliances
  • Chart: Revenue Growth

  • Industry Outlook
  • Potential for growth
  • Planning for change
  • Industry pressures
  • Table: Management Consultants Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Commercial Building Construction
  • Banks
  • General Insurance

  • Key Selling Industries
  • Employment Placement Agencies
  • Universities

  • Products & Services
  • IT strategy
  • Process and operations management
  • Programme or project management
  • Other services
  • Corporate strategy
  • Human capital
  • Risk management
  • Change management
  • Chart: Management Consultants Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Financial services sector
  • Government departments
  • Other
  • Manufacturing sector
  • Telecommunications and information sector
  • Retail and leisure sector
  • Energy and utilities sector
  • Chart: Major Market Segmentation for the Management Consultants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWages and subcontracting costsPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Management Consultants

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

  • Industry Globalization
    Accenture (UK) Ltd,
  • Table: Accenture (UK) Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Management 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 Management Consultants Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Change Management
  • Consultants overseeing structural changes to a company's operation.
  • Corporate Strategy
  • The formulation and implementation of the major initiatives taken by a company's top management on behalf of the owners.
  • Omnichannel Selling
  • An approach to sales where customers can buy a firm's goods in multiple ways, such as by telephone, online or in a store. These channels are interconnected to provide a seamless shopping experience.
  • What Our Customers Say

    Why buy this report?

    The Management Consultants market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Management 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 Management 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 Management Consultants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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