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Consulting services industry in the U.S. - statistics & facts

The consulting industry provides professional advice to organizations in a variety of specialized fields. In 2020, the global consulting market was estimated to be worth approximately 132 billion U.S. dollars. After experiencing continuous growth between 2015 and 2019, due to the impact of the coronavirus (COVID-19) pandemic in 2020, the consulting sector is estimated to have suffered a significant revenue loss across all markets and segments. In the United States the consulting revenue decreased by approximately 12.5 percent.

North America, and in particular the United States, is the largest consulting services market worldwide. That is why the U.S. are home to the most prestigious and successful consulting companies worldwide. According to consultants themselves, the most prestigious consulting firm in the United States in 2020 was McKinsey & Company. Other consulting firms in the ranking included the so-called Big Four accountancy and auditing firms - Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG. Deloitte ranked the highest out of the four. Headquartered in New York, Deloitte is a professional services company specializing in auditing, tax, consulting, enterprise risk, and financial advisory. In 2020, the company’s revenue reached approximately 47.6 billion U.S. dollars – over a third of which came from consulting.

Some of these consulting firms operate in many countries worldwide. However, other markets are significantly smaller than the U.S.. Regardless of the market sizes, the consulting services industry is expected to grow steadily in the next years, with many companies already thinking about the future challenges, which include the need for new skills, a lack of top talent, and increased competition in the sector.

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Interesting statistics

In the following 3 chapters, you will quickly find the 23 most important statistics relating to "Consulting services industry in the U.S.".

Consulting services in the U.S.

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Consulting services industry in the U.S. - statistics & facts

The consulting industry provides professional advice to organizations in a variety of specialized fields. In 2020, the global consulting market was estimated to be worth approximately 132 billion U.S. dollars. After experiencing continuous growth between 2015 and 2019, due to the impact of the coronavirus (COVID-19) pandemic in 2020, the consulting sector is estimated to have suffered a significant revenue loss across all markets and segments. In the United States the consulting revenue decreased by approximately 12.5 percent.

North America, and in particular the United States, is the largest consulting services market worldwide. That is why the U.S. are home to the most prestigious and successful consulting companies worldwide. According to consultants themselves, the most prestigious consulting firm in the United States in 2020 was McKinsey & Company. Other consulting firms in the ranking included the so-called Big Four accountancy and auditing firms - Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG. Deloitte ranked the highest out of the four. Headquartered in New York, Deloitte is a professional services company specializing in auditing, tax, consulting, enterprise risk, and financial advisory. In 2020, the company’s revenue reached approximately 47.6 billion U.S. dollars – over a third of which came from consulting.

Some of these consulting firms operate in many countries worldwide. However, other markets are significantly smaller than the U.S.. Regardless of the market sizes, the consulting services industry is expected to grow steadily in the next years, with many companies already thinking about the future challenges, which include the need for new skills, a lack of top talent, and increased competition in the sector.

Interesting statistics

In the following 3 chapters, you will quickly find the 23 most important statistics relating to "Consulting services industry in the U.S.".

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