IT Consulting in Illinois
The IT Consulting industry in Illinois is composed of companies that help businesses design, create and implement information technology (IT) systems. Due to the low level of capital intensity in the industry, the vast majority of operators are small nonemployers. As a result, the high number of small firms ensures that larger firms do not drastically raise prices too quickly. The industry has been growing over the past five years, albeit at a slower rate than the overall economy. The Illinois economy and job market have experienced some stagnation over the past five years, thus slowing this industry's growth. The state has contended with stagnating job growth in the manufacturing sector and above-the-national-average unemployment rates. Over the five years to 2017, industry revenue is expected to grow. Similar to the Illinois economy's outlook forecast, the IT Consulting industry's revenue in Illinois is projected to rise at a faster rate over the five years to 2022.
The IT Consulting industry includes firms that provide the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and managing on-site computer systems and data-processing facilities. This industry excludes packaged software publishers and off-site data-processing and hosting services.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook