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 SWOT Analysis Chapter
The IT Consulting industry is in the growth stage of its economic life cycle. The industry is characterized by growth faster than that of the overall economy, a growing number of businesses, rapid technological change and increasingly rapid consumer acceptance of services. Over the past five years, the industry has grown despite difficult business conditions presented by the recession. Plunging corporate profitability in 2009 caused revenue to contract in 2010; however, continued product innovation and recovering private investment in computers and software resulted in overall industry revenue growth.
Industry value added (IVA), used to measure an industry's contribution to the overall economy, is projected to grow at an average annual rate of 4.3% over the 10 years through 2019... purchase to read more