Management Consulting in the US - Industry Market Research Report

Providing varied services to diverse downstream markets with unique needs allows management consultants to weather changing economic conditions. Extreme shocks like the COVID-19 pandemic led to revenue declines, but sometimes clients need consulting services in bad times, which buffers revenue declines and ensures low revenue volatility. Bouncing back from the COVID-19 pandemic, industry-wide revenue grew at a CAGR of 1.1% to $329.9 billion over the past five years, growing 0.1% in 2023 alone.

Operators in the Management Consulting industry advise businesses, nonprofits and public-sector agencies in areas such as organizational design, human resources, corporate strategy, information technology strategy, marketing and sales, finances and logistics. This industry excludes operators providing day-to-day administrative services and those that are concentrated in recruitment, training, public relations, market research, engineering, 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.