Industry Analysis & Industry Trends
At the height of the recession, slowed business activity led to revenue declines for the IT Consulting industry, as the pool of potential clients was drastically reduced. As the global economy recovers, improving business sentiment and corporate profit will drive industry revenue growth. The increase in M&A activity in other industries over the next five years will help IT consultants; with more consolidations, companies will require assistance in integrating accounting, information storage and other systems related to information technology... purchase to read more
Industry Report - Industry Analysis Chapter
Businesses across all industries rely on IT support to operate more efficiently. IT consultants provide advice on a variety of technology solutions to their clients. Industry consultants implement and deploy systems that manage data on behalf of a business. Moreover, IT consultants design and modify supporting software to enhance online and telecommunications security systems.
Over the five years to 2015, the industry has experienced strong growth, as private investment has recovered from recessionary lows. The industry contracted 2.0% in 2010 due to falling corporate profit over the previous year, which caused anemic private investment in new computer systems and consulting services... purchase to read more