All systems go: Recovering private investment will lead to increased use of industry services

The IT Consulting industry provides advice on a variety of technology solutions, develops custom applications to meet the specific needs of a client and implements computer systems that manage data on behalf of a business. Due to the influx of new technologies and the increasingly vital role that IT plays in today's digital economy, the industry has outperformed the broader economy. Over the next five years, improving conditions for businesses will spur growth for industry services. In particular, more businesses are expected to take advantage of cloud-computing technology, which is rapidly removing barriers between companies and users and enabling a more customized business experience...read more.

Industry Statistics & Market Size
Revenue
$55bn
Annual Growth 13-18
5.3%
Forecast Growth 18-23
Profit
Employment
234,499
Businesses
81,389
Market Share of Companies

Industry Threats & Opportunities

  • Strong demand for IT services and relatively low barriers to entry will continue to attract new entrants into the industry
  • The shift toward integrated computer systems benefits larger operators
  • Improving conditions for businesses will spur growth for industry services
  • Industry Report - Industry Key Buyers Chapter

    The IT Consulting industry in Canada is highly fragmented and displays low market share concentration. The industry includes IT companies such as CGI Group, global computer equipment companies such as Hewlett-Packard Enterprise (HPE) and a wide range of other companies. Although they offer some type of service related to information technology, these companies do not necessarily compete directly with one another. Accordingly, the industry’s sheer size and assortment of services prevent any one company from dominating the industry as a whole, despite the presence of numerous high-profile, global corporations. The largest of these companies is International Business Machines Corporation (IBM), which is expected to account for 7.3% of market share in 2018...purchase to read more.

    Additional Insights for the IT Consulting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Consulting Industry are

  • Adoption of a commercial focus
  • Access to the latest available and most efficient technology and techniques
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Private investment in computers and software and Number of fixed broadband connections in the IT Consulting industry impact industry performance..

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    What's in this report

    What is the IT Consulting Industry?

    This industry provides the following services to client companies: writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers, transaction processing software, off-site data processing and cloud hosting services.

    Industry Products
  • IT technical consulting services
  • Nonconsulting computer systems design services
  • Data processing, hosting and related services
  • Other services
  • Industry Activities
  • Providing information technology expertise for consumers
  • Writing, modifying, testing and supporting software
  • Planning and designing systems
  • On-site management and IT functions
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private investment in computers and software
  • Number of fixed broadband connections
  • Government expenditure and investment
  • Demand from finance and insurance

  • Current Performance
  • Product innovation
  • Spectrum of employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving business investment
  • Big data growth
  • Industry expansion
  • Table: IT Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Consulting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wholesale Trade In Canada
  • Information In Canada
  • Finance and Insurance In Canada
  • Healthcare and Social Assistance In Canada

  • Key Selling Industries
  • Communications Equipment Manufacturing in Canada
  • Computer Manufacturing in Canada
  • Computer Peripheral Manufacturing in Canada
  • Information In Canada
  • Software Publishing in Canada

  • Products & Services
  • IT technical consulting services
  • Nonconsulting computer systems design services
  • Other services
  • Data processing, hosting and related services
  • Chart: IT Consulting Industry Products and Services Segmentation

  • Demand Determinants
  • Business profit and confidence
  • New IT products
  • Inhouse IT support versus outside consultants

  • Major Markets
  • External market
  • Financial and capital market
  • Utilities, communication and media market
  • Other businesses
  • Government, nonprofits and other public institutions
  • Manufacturing, retail and distribution market
  • Households market
  • Chart: Major Market Segmentation for the IT Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs IT Consulting

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the IT Consulting Industry

  • Industry Globalization
    IBM Canada Limited,
  • Table: IBM Canada Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the IT Consulting Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Private investment in computers and software (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Data Analytics
  • The method by which a company combs through a large collection of unorganized data for potential trends and insights.
  • Cloud Computing
  • Computing model in which companies' computer applications are hosted in outside servers accessible via the internet and managed by third-party firms.
  • Commoditization
  • The trend toward uniformity in product offerings and price; commonly cited as a cause of declining prices and profitability in computer hardware manufacturing.
  • Information Technology (It)
  • The design, development, implementation, support or management of computer-based information systems.
  • Integrated System / Engineered System
  • A pre-integrated, optimized combination of software and hardware. Such a system increases ease in installing updates and improves performance, scalability and reliability.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Server
  • Any combination of hardware or software designed to provide services to clients; it generally refers to a centre of a network, where information can be shared via an online connection.
  • Software As A Service (Saas)
  • Software that is deployed over the internet and runs behind a firewall in a person's local area network or personal computer.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s IT Consulting market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on IT Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The IT Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on IT Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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