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 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 past five years, the industry has experienced strong growth despite the onset of a recession. The industry contracted 2.1% in 2010 due to falling corporate profit in the previous year, which caused anemic private investment in new computer systems and consulting services... purchase to read more