$392.2bn
$XX.Xbn
3m
1m
$XXX.Xbn
Providing varied services to diverse downstream markets with unique needs allows management consultants to weather changing economic conditions. Extreme shocks like the pandemic led to revenue declines, but sometimes clients need consulting services in bad times, which buffers revenue declines and ensures low revenue volatility. Bouncing back from pandemic-era, industry-wide revenue grew at a CAGR of 3.6% to an estimated $392.2 billion over the past five years, including an estimated 1.8% growth rate in 2024 alone.
Industry revenue has grown at a CAGR of 3.6 % over the past five years, to reach an estimated $392.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Deloitte Touche Tohmatsu | 9,677.1 | 1,487.4 | 15.4 | |
DiscoverOrg LLC | 8,866.7 | 1,019.7 | 11.5 | |
Accenture Plc | 8,466.2 | 1,279.5 | 15.1 |
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Industry revenue is measured across several distinct product and services lines, including Corporate strategy, Marketing and sales and Organizational design. Corporate strategy is the largest segment of the Management Consulting in the US.
Corporate strategy and financial advisory are the bread and butter for consultants
Operators in the Management Consulting industry advise businesses, nonprofits, and public-sector agencies in areas such as organizational planning design, human resources policies, practices and planning, corporate strategy, information technology strategy, marketing and sales, financial planning and budgeting, and logistics.
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NAICS 54161 - Management Consulting in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Product and market diversity significantly boosts performance. Diverse downstream clients and a variety of services ensure steady revenue growth regardless of economic fluctu...
Learn about an industry's products and services, markets and trends in international trade.
Providing corporate strategy services is a strong option. These services face the highest demand among consulting offerings and could be a key driver of business growth and p...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Consulting establishments are located in population centers. As business activity clusters in these areas, consulting firms naturally follow to provide their services more ef...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition will tighten the overall profit margin. As technology impacts clients' businesses and boosts demand for consulting, firms will need more skilled workers, raising ...
Learn about the performance of the top companies in the industry.
Major companies provide various services beyond management consulting. They'll likely outcompete smaller firms, especially with larger clients, while small consultancies can ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Minimal barriers to entry spur competition for skilled employees in labor-intensive industries. With no significant obstacles to starting a business, the race for seasoned, h...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wage costs will continue to impact profit. While technology will enhance service quality, consulting remains labor-intensive, with wage expenses representing the most signifi...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Management Consulting in the US industry in United States is $392.2bn in 2024.
There are 1m businesses in the Management Consulting in the US industry in United States, which has grown at a CAGR of 9.3 % between 2019 and 2024.
The market size of the Management Consulting in the US industry in United States has been growing at a CAGR of 3.6 % between 2019 and 2024.
Over the next five years, the Management Consulting in the US industry in United States is expected to grow.
The biggest companies operating in the Management Consulting market in United States are Deloitte Touche Tohmatsu, DiscoverOrg LLC and Accenture Plc
Corporate strategy and Marketing and sales are part of the Management Consulting in the US industry.
The company holding the most market share in United States is Deloitte Touche Tohmatsu.
The level of competition is high and increasing in the Management Consulting in the US industry in United States.