Management Consulting in Canada
The Management Consulting industry in Canada comprises companies that provide consulting services to private businesses and the public sector. These advisory services are tailored to provide strategic, financial, marketing, operational and supply chain management consulting services. The five years to 2018 were characterized by significant economic upheaval, as the price of commodities collapsed multiple times. Management consultants were called upon to help guide businesses through difficult operating conditions. As commodity prices stabilized, businesses implemented the strategies and tips provided by consultants in 2015 and 2016 and adjusted to a new reality. A banner year for the economy was 2017, however, lifting all boats. Over the five years to 2023, industry revenue is expected to be affected by rising corporate profit and an increasing number of businesses, in addition to other broad macroeconomic trends. Additionally, the largest companies in the industry are forecast to proceed with aggressively acquiring businesses to increase their range of services and market share, thus potentially increasing demand for industry services.
Industry operators advise businesses, nonprofit organizations and public-sector agencies in several areas: organizational design, corporate strategy, marketing and sales, financial advisory and logistics. This industry excludes establishments that provide day-to-day administrative services and companies that concentrate on recruitment, training, public relations, market research, engineering design, computer systems design or 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.