Management Consulting in New York - Industry Market Research Report

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Management Consulting in New York

Over the past five years, the Management Consulting industry in New York has been successful as stronger corporate profitability and increasing business expenditure resulted in higher demand for advisory services. In recent years, demand for this industry has come from a number of different sectors and services. Demand was strong from financial institutions and professional firms, in addition to healthcare companies. Additionally, the ongoing transition toward digital technology has provided new opportunities for operators. Over the next five years, the industry is expected to grow. Information technology will continue to be a key growth area for firms, while other sectors, such as healthcare, will also provide new business opportunities. Consolidation from the largest industry players is forecast to continue. Overall, industry revenue is forecast to increase in the five years to 2022.

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.