IT Consulting - 2023 U.S. Market Research Report with Updated Recession Forecasts
The 78-page 2023 IT Consulting Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2014-2027.
This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The IT Consulting industry includes companies primarily engaged in planning and designing computer systems that integrate computer hardware, software, and communication technologies. The hardware and software components of the system may be provided by this establishment or company as part of integrated services or may be provided by third parties or vendors. These companies often install the system and train and support users of the system.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
In 2022, industry sales were $266.7 billion
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Over the past 3 years, the industry has grown at an annual rate of 8.6%
The report has historical, annual and forecasted growth rates
There are 45,448 companies in the industry
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SALES PER COMPANY
In 2022, the average sales per company was $5.9 million
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INFLATION & PRICING
2021 inflation was 2.5%
The report has historicals (2014-2022), 4 years of monthly figures, and 2023 & 5-year forecast
For unprofitable companies, the average net loss is -29.7%
The report has more on market and profitability dynamics
Employee productivity is $353,184
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3.4% of expenses is spent on health insurance
Benchmark against 24 other expense categories
In 2022, industry operating expenses grew 10.1%
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In 2022, payroll per employee was $93,245
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PAYROLL BY STATE
California averages $150,992 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
12.5% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $24.12
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The above stats represent a small fraction of what you will find in this report.
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