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Rising Business Profits Fueling Demand for Management Consulting Services

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Post-pandemic uncertainty supports demand in the short term

cleveland, August 19, 2022 /PRNewswire/ — Management consulting services revenue is projected to grow 4.9% annually in nominal dollars through 2026. Management consulting services: America, a report recently released by Freedonia Focus Reports. Providers of management consulting services are expected to benefit from non-residential capital spending gains due to continued growth in consumer spending and increased after-tax business earnings. As companies continue to use these profits to invest in new projects, there will be an increased demand for consulting to advise on these projects and improve market outcomes. Our clients are also faced with ongoing challenges and opportunities such as cybersecurity, increased regulation, data privacy, the emergence of manufacturing machines connected to the Internet of Things (IoT), big data, artificial intelligence, and supply chain challenges. You will be incentivized to spend on consultancy services. But faster growth would be limited by competition for in-house resources, as company executives face a choice between hiring consultants or using company personnel.

Management consulting services revenue is expected to grow by 4.0% in 2022. Businesses are trying to manage and anticipate the ongoing impact of the COVID-19 pandemic, including changes in labor relations, government regulations, and the ongoing restructuring of international relations. Supply chains and consumer markets stimulate demand for consulting services.

These and other key insights are Management consulting services: AmericaThis report projects US management consulting services revenue in nominal US dollars for 2022 and 2026. Total revenue is broken down by service in terms of:

  • strategy
  • marketing
  • Information technology (IT)
  • Operations and supply chain
  • human resources
  • Finance
  • Actuarial
  • Other consulting services such as design, sustainability and resource productivity
  • Other sources of income such as implementation services not combined with consulting

Total revenue, and various segments are provided in annual series from 2011 to 2021 to illustrate historical trends. Employer companies, establishments, and employment are provided in annual series from 2009 to 2019.

This report represents the income of employers and non-employees. With the exception of Actuarial Consulting Services, our individual consulting segments include the provision and implementation of advice. This report does not include industries such as private equity, portfolio management, investment advice, professional and management development training, executive search and market research. Also excluded are environmental and other scientific and technical consulting services, such as agricultural, economic and security consulting.

For more information on the report, please visit:
https://www.freedoniafocusreports.com/Management-Consulting-Services-United-States-FF95037/?progid=91541

About the Freedonia Focus Report
Each month, The Freedonia Group, a division of MarketResearch.com, publishes more than 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis of various markets and industries. Issued on 20-30 pages, the focus report covers raw materials to finished goods and related services such as freight and construction. Additional Services & Industries reports are available for purchase at Freedonia Focus Reports or MarketResearch.com.

The analysis is intended to guide busy readers through a series of appropriate topics such as:

  • Historical total market size and industry output
  • Segmentation by product and market
  • Identifying market drivers, constraints and key indicators
  • Outlook by segment in the 5-year forecast
  • Investigation of supply base
  • Suggested resources for further research

Press contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

Source: Freedonia Group

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