What is the market size of the Management Consulting industry in the US in 2022?
The market size, measured by revenue, of the Management Consulting industry is $263.5bn in 2022.
What is the growth rate of the Management Consulting industry in the US in 2022?
The market size of the Management Consulting industry is expected to increase 4.1% in 2022.
Has the Management Consulting industry in the US grown or declined over the past 5 years?
The market size of the Management Consulting industry in the US has grown 1.9% per year on average between 2017 and 2022.
Is the Management Consulting industry in the US expected to grow or decline over the next five years?
See our full analysis of the Management Consulting industry in the US to understand if the industry market size is expected to grow or decline over the next five years.
How has the Management Consulting industry performed compared with other US industries over the past five years?
The market size of the Management Consulting industry in the US increased faster than the economy overall.
How has the Management Consulting industry in the US performed compared with the Professional, Scientific and Technical Services sector in the US?
The market size of the Management Consulting industry in the US grew slower than the Professional, Scientific and Technical Services sector overall.
Where does the Management Consulting industry in the US rank in terms of market size in 2022?
The Management Consulting industry in the US is the 3rd ranked Professional, Scientific and Technical Services industry by market size and the 39th largest in the US.
What factors affect growth of the Management Consulting industry in the US?
The primary positive factors affecting this industry are number of businesses and government consumption and investment.
What is the biggest opportunity for growth in the Management Consulting industry in the US?
Corporate profit measures profit earned across all industries. A rise in corporate profit generally increases downstream businesses’ budgets for consulting services. Therefore, an increase in corporate profit tends to coincide with an increase in industry revenue. Corporate profit is expected to increase in 2021, representing a potential opportunity for the industry.