Research and Markets: Although a Few Firms in the US Such As IBM and Accenture Have Annual Consulting

(May 02, 10:24 AM)

Research and Markets (http://www.researchandmarkets.com/reports/c36385) has announced the addition of "Consulting Services - Industry Profile" to their offering.

Just over 100,000 consulting firms in the US generate combined annual revenue of about $125 billion. Although a few firms, such as IBM, Accenture, McKinsey, Booz Allen Hamilton, Deloitte, Mercer, and Capgemini (previously known as Cap Gemini Ernst & Young), have annual consulting revenue in excess of $1 billion, the average consulting firm has fewer than ten employees and annual revenue less than $1 million; 75 percent of consulting firms are one or two consultant operations.

Demand for consulting services is closely tied to the health of the US economy. The profitability of firms depends largely on the special expertise they provide to clients. Small firms can easily coexist with large ones if they have expertise in a highly specialized area or industry.

The 50 largest firms hold just less than 30 percent of the market; 90 firms have annual revenue over $100 million, and 1,200 firms have revenues of $10 to $100 million. There are economies of scale, even though people are the main cost of doing business. The average annual revenue per employee is about $125,000. Annual revenue per consultant at specialized firms can be as much as $500,000. Firms with multiple locations often have revenue of $10 million per location, suggesting that this is an optimal size.

These easy-to-use, quarterly industry profiles provide you with the industry analysis you need to better understand any particular business. They synthesize information from hundreds of sources into an easy to digest format, giving you invaluable information about your target market, highlighting critical industry statistics and issues, changes that have taken place since the last quarterly update and key concerns that can have negative or positive impacts on investments. Utilizing the financial and forecasting data while simultaneously learning from educational business overviews can help you and your customers plan more effectively and invest wisely.

These industry reports will educate your sales team on critical industry trends in target markets, empowering them to create more strategic proposals. These industry reports are also essential for professional organizations that want make savvy, educated business decisions.

Key topics covered:

-- Industry Overview

-- Quarterly Industry Update

-- Business Challenges

-- Trends and Opportunities

-- Call Preparation Questions

-- Financial Information

-- Industry Forecast

-- Website and Media Links

-- Glossary of Acronyms

Companies mentioned:

-- IBM

-- Accenture

-- McKinsey

-- Booz Allen Hamilton

-- Deloitte

-- Mercer

-- Capgemini (previously known as Cap Gemini Ernst Young)

For more information visit http://www.researchandmarkets.com/reports/c36385