The global consulting industry revenues which includes HR, IT, strategy, operations, management and business advisory services, will reach approximately $491 billion in 2018, according to Plunkett Research. The research went on to state that corporate profits in general have grown dramatically in recent years, and as such, executives are reasonably willing to authorize new consulting projects as long as there will be potential for a good return on the cost.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation