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2024 U.S. Industry Statistics & Market Forecast - Specialized Management Consulting Services
Market Size & Industry Statistics
The total U.S. industry market size for Specialized Management Consulting Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Specialized Management Consulting Services industry include:- Rise of digital consulting services
- Increased demand for cybersecurity consulting
- Integration of AI and analytics tools
- Shift towards remote consulting services
- Growth in sustainability and ESG consulting
- Regulatory changes across global markets
- Demand for operational resilience services
- Expansion into emerging markets
- Consolidation and M&A activities
- Adoption of agile methodologies in project management
- Focus on healthcare and biotech sectors
- Increasing involvement in public sector transformation projects
- More personalized client service models
- Growth in risk and compliance consulting
- Advancements in blockchain for supply chain consulting
Product & Services Breakdown
Research products and services in the Specialized Management Consulting Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Information Technology (It) Technical Consulting Services |
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It Infrastructure And Network Management Services |
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Strategic Management Consulting And Implementation Services |
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Business Strategy And Planning Consulting And Implementation Services |
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Other Strategic Management Consulting And Implementation Services |
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Financial Management Consulting And Implementation Services |
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Other Financial Management Consulting And Implementation Services |
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Scientific/Technical Consulting Services, Excluding Environmental |
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All Other Consulting Services |
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Other Management Services |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Specialized Management Consulting Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Specialized Management Consulting Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Specialized Management Consulting Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 16% | Order at top of page |
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| Top Executives | 7% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 7% | |||
| General and Operations Managers | 7% | |||
| Business and Financial Operations Occupations | 34% | |||
| Business Operations Specialists | 30% | |||
| Management Analysts | 12% | |||
| Management Analysts | 12% | |||
| Market Research Analysts and Marketing Specialists | 5% | |||
| Market Research Analysts and Marketing Specialists | 5% | |||
| Computer and Mathematical Occupations | 10% | |||
| Computer Occupations | 9% | |||
| Sales and Related Occupations | 7% | |||
| Office and Administrative Support Occupations | 15% | |||
Specialized Management Consulting Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Specialized Management Consulting Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Specialized Management Consulting Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Specialized Management Consulting Services industry. |
Source:
Innovation News
- Feb 29, 2024: Icf International patents Methods For Dynamically Forecasting Engagement Programs
- Jan 29, 2024: Coxe Curry & Associates trademarks "COXE CURRY & ASSOCIATES" - Business consultation services to assist non-profit organizations in planning, managing, and conducting fundraising activities; Business services for fundraising programs
- Dec 28, 2023: Donyati patents Dynamic Application Builder For Multidimensional Database Environments
- Dec 06, 2023: Bottleless Water Solutions trademarks "BOTTLELESS NATION" - Rental of water treatment equipment
- Dec 06, 2023: Bottleless Water Solutions trademarks "BOTTLELESS NATION SOLUTIONS FOR YOUR BUSINESS" - Rental of water treatment equipment
- Nov 02, 2023: Early Charm Ventures patents Fully Printed Electrode Biological Interface
- Aug 24, 2023: Health Professionals Alliance raises $50 million in funding.
- Oct 03, 2022: Venly raises $13 million in funding.
- Jul 28, 2022: Ozmo Holdings raises $3 million in funding.
Recent Federal Contracts for Specialized Management Consulting Services
- Apr 02, 2024: HB HEALTHCARE SAFETY, SBC (Red Wing, MN) awarded $341,170
- Apr 02, 2024: THE MITRE CORPORATION (Mc Lean, VA) awarded $472,327
- Apr 02, 2024: GIESE CHARLOTTE I PHD (San Carlos, CA) awarded $79,500
- Apr 02, 2024: SEGAL GROUP, INC., THE (Washington, DC) awarded $234,557
- Apr 01, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $102,839
- Apr 01, 2024: KADIAK, LLC (Anchorage, AK) awarded $83,786,569
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