Industry revenue of “management consulting services“ in the U.S. 2011-2023

Revenue in the U.S. management consulting industry amounted to almost US$217bn in 2017. We see a continuous growth. However, the average growth rate in the industry was shrinking until 2017 and we expect this trend to continue. While from 2011 to 2014 the CAGR was at +7.8%, between 2014 and 2017 it dropped to an average of +3.9% per year. The Statista estimate is that this trend will result in a growth of +2.2% from 2017 to 2023. This leads to total revenues of about US$248bn of management consultancies in the U.S. in 2023.

Which companies are included?

The NAICS industry 54161 comprises companies such as Deloitte, PwC or KPMG which provide advice and assistance to businesses and other organizations on management issues, such as strategic and organizational planning; financial planning and budgeting; marketing objectives and policies; human resource policies, practices, and planning; production scheduling; and control planning.

A major source for data in the U.S. is the Census Bureau. One dataset on the structure and revenue within the service industry is the Service Annual Survey

Industry revenue of “management consulting services“ in the U.S. from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the Naics 2017 - system in the U.S.. The industry “management consulting services“ has the code “54161“.

Details on the methodology can be found here.

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Statistics on "Consulting services in the U.S."

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