Industry Analysis & Industry Trends
At the height of the recession, slowed business activity and an increase in bankruptcies led to a revenue decline in 2009, 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 IT... purchase to read more
Industry Report - Industry Investment Chapter
The IT Consulting industry involves a low level of capital intensity. Industry services are highly value added and require expertise in computer systems and other technologies. As a result, industry wages account for an estimated 43.2% of revenue in 2014, while depreciation costs are only 1.1% of revenue. Firms are required to hire highly educated software engineers, programmers and systems engineers to provide advisory services to other businesses. As a result, in 2014, the industry is expected to only invest $0.03 in capital for every one dollar spent on labour.
Over the past five years, the level of capital intensity has remained steady... purchase to read more