The 2020 U.S. Management Consulting Services Industry-Second (2nd) Quarter-Coronavirus (Covid-19) Update-Industry & Market Report, published by Barnes Reports, contains timely and accurate industry statistics, forecasts and demographics.
The report features 2020 current and 2021 forecast estimates on the size of the industry (sales, establishments, employment) nationally and for all 50 U.S. States and over 900 metro areas. Other data include financial ratios, number of firms, payroll, industry definition, 5-year historical trends on industry sales, establishments and employment, a breakdown of establishments, sales and employment by employee size of establishment (9 categories), and estimates on up to 10 sub-industries, including pharmacies and proprietary stores.
Barnes Reports has responded to the impact of Coronavirus (Covid-19) by updating our annual Industry & Market reports. This updated report features quarterly data on industry establishments, industry sales and employment. This report provides a unique and accurate estimate on market sizing for this industry using a proprietary economic model that integrates historical trends (horizontal analysis) and longitudinal analysis of incorporated industries (vertical analysis). Horizontal and vertical analysis is essential for an accurate industry forecast because most industries increase at the expense of other industries or decrease by sacrificing market share to more successful industries. For example, brick-and-mortar retail stores lost market share in the retail sector to online retailers in the last decade. Or wired telecommunications carriers fell to wireless competitors in the broadcasting sector. Forecasters cannot accurately predict future sales for these industries without addressing change in sales in other competitive industries.
These reports include written analysis to describe the new methodology used to estimate annual and quarterly establishments, sales and employment data.
The written analysis in our reports includes Barnes Reports' unique predictions of the Coronavirus issues, U.S. economic forecasts, and impact of government stimulus and how they were used to influence the Barnes Reports forecasts starting with major U.S. sectors down to individual industries.
Generally, our estimates are more optimistic than other economic forecasters that have been featured in the business press. This optimism comes from 1) researching historical data on other viruses and economic crises such as September 11, 2001, and the 2008 housing crisis and 2) the proper direction and implementation of the Federal Reserve and federal government bills.
This report does not list key players/companies in the market but focuses on a top-down and outlook view of the indsutry despite the existing and entering of industry companies.
Barnes Reports' Industry & Market reports are an essential part of any GAP analysis, benchmarking project, SWOT analysis, business plan, risk analysis, or growth-share matrix.
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