Management Consulting in Illinois - Industry Market Research Report

Free Bit of Advice: New Opportunities in the Healthcare and Financial Sectors Will Buoy the Industry

Management Consulting in Illinois

The Management Consulting industry in Illinois is firmly entrenched in the state's economy, particularly in the Chicago region, where more than 80.0% of the industry's establishments are located. Many of the largest companies in the industry have large offices in the Midwestern commerce capital, and every major player in the industry has at least some presence in the city to remain close to high-value clientele also located there. This has given the industry outsized value in Illinois. However, the industry has experienced muted growth over the past five years because of general economic malaise and public sector discord. Over the next five years, the industry is expected to grow along with the general Illinois economy. Healthcare and financial services industries in particular will continue to provide new business opportunities. Consolidation from the largest industry players is forecast to continue; however, the overall industry structure will still be dominated by small, nonemploying operators.

Management consultants advise businesses, nonprofits and public-sector agencies in the following areas: organizational design, human resources, corporate strategy, information technology strategy, marketing and sales, finances and logistics. This industry excludes establishments providing day-to-day administrative services and establishments that are concentrated in recruitment, training, public relations, market research, engineering design, computer systems design and investment advice.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.