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 Key Buyers Chapter
The IT Consulting industry has a low level of market share concentration. In 2015, IBM is the only company with significant market share and the four largest players account for only 10.0% of industry revenue, collectively. The industry is highly fragmented as many small players exist that service narrow geographic markets or niche industries. Firms that operating in the financial services sector tend to be the largest as it is the biggest market for the industry.
Over the past five years, the industry experienced a period of consolidation due to merger and acquisition activity among major players... purchase to read more