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Post-pandemic uncertainty to support demand in the near term
Cleveland, August 19, 2022 /PRNewswire/ — Revenues for management consulting services are forecast to grow 4.9 percent annually in nominal dollars through 2026. Management Consulting Services: United StatesA recent report by Freedonia Focus Reports. Management consulting service providers are expected to benefit from non-residential fixed investment gains, in turn driven by continued growth in consumer spending and increased after-tax business profitability. Companies will continue to use these profits to invest in new projects, which will stimulate the demand for consulting on those projects and improving market results. Due to ongoing challenges and opportunities such as cyber security, increased regulation, data privacy, the advent of Internet of Things (IoT) connected manufacturing machinery, big data, artificial intelligence and supply chain challenges, clients are encouraged to spend on consulting services. . However, rapid increases are limited by competition for internal corporate resources, as company officers are faced with hiring consultants or choosing among company employees.
Management consulting services revenue is expected to grow by 4.0% in 2022. Organizations trying to cope with and anticipate the ongoing consequences of the Covid-19 pandemic, such as changes in labor relations and government regulations, as well as ongoing global disruptions to supply chains and consumer markets, will exacerbate the need for consulting services.
These and other key insights are presented in Management Consulting Services: United States. This report forecasts 2022 and 2026 US management consulting services revenue in nominal US dollars. Total revenues are broken down by service:
- Strategy
- Marketing
- Information Technology (IT)
- operations and supply chain
- human resources
- Financial
- concrete
- Other consulting services such as design, sustainability and resource productivity
- Other sources of income, such as application services, are not connected to the consultant
Total revenues and various segments are provided annually from 2011 to 2021 to show historical trends. Employers, institutions and employment are provided in the annual series from 2009 to 2019.
This report represents employer and non-employer income. Apart from actual consulting services, special consulting units include the provision and implementation of advice. This report excludes industries such as private equity, portfolio management, investment advisory, professional and management development training, executive search and market research. Also excluded are environmental and other scientific and technical consultancy services (eg agricultural, economic and security consultancy).
More information about the report is available at:
https://www.freedoniafocusreports.com/Management-Consulting-Services-United-States-FF95037/?progid=91541
Reports on Freedonia focus
Each month, the Freedonia Group – a division of MarketResearch.com – publishes more than 20 new or updated Freedonia Focus Reports, providing fresh and unbiased analysis of a variety of markets and industries. Printed in 20-30 pages, the focus report coverage ranges from raw materials to manufactured goods and related services such as freight and construction. Additional services and industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through a quick series of topics:
- Total historical market size and industry production
- Division by products and markets
- Identify market drivers, restraints and key indicators
- A segment-by-segment view of five-year forecasts
- Survey of the supply base
- Suggested resources for further study
Press Contact:
Corinne Gangloff
+1 440.842.2400
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Source: Freedonia Group
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