Consulting Industry Market Research

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Consulting OVERVIEW

     Global consulting industry revenues (including HR, IT, strategy, technical, operations, management and business advisory services) will be an estimated $502 billion in 2021, according to Plunkett Research estimates.
     In the U.S., consulting of all types, including management, scientific and technical, generated $295.9 billion during 2020, up from $284.5 billion the previous year.
     Accounting and related services (such as tax return preparation) generated an additional $174.1 billion in 2020, down from about $180.0 billion during 2019, according to the U.S.
    Bureau of the Census and Plunkett Research estimates. The Coronavirus pandemic dampened budgets and spending at many types of corporations, government agencies and other enterprises.
     Some consulting projects were postponed or reduced.
     At the same time, however, consultants who work in the areas of ecommerce, online systems, employee systems, HR, cybersecurity, strategy, supply chain and other areas may have seen booming business.
     Going forward, structural changes in business, industry, education and government will certain opportunities for many types consultancies that can deliver a true return on investment along with innovative ways to cope with rapid change. Positive factors for the consulting industry over the mid-term: 1) Continued growth in health care expenditures and significant changes in health care coverage are creating demand for consultants.
     This includes a focus on greater operating efficiencies and cost controls for care providers, creating a perfect environment for consulting.
     Also, consultancies that assist enterprises in data analysis in such areas as

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Transportation, Supply Chain & Logistics Industry Market Research

  Transportation is one of the world's largest industries.
     Its sectors range from taxis to trucks, airplanes, trains, courier services, ships, barges, warehouses and logistics/supply chain services.
     To a growing extent, it now includes the use of robotics and artificial intelligence in terms of self-driving cars and trucks, and eventually may include a significant level of robotic delivery vehicles.
     Robotics are already providing a high level of automation in ports and warehouses, while artificial intelligence is also being applied widely to the supply chain. The Coronavirus pandemic of 2020-21 had a significant effect on the entire transportation and supply chain sector worldwide.
     Among the hardest hit sectors was the airline industry, due to plummeting passenger ticket sales.
     Logistics, supply chain, shipping and railroads have been affected in varying ways, depending on which of their customers you are considering.
     Ecommerce has been booming, as online firms like Amazon became the preferred places for many consumers to shop.
     This means that local delivery services, ecommerce warehouses and many other types of transportation services that support ecommerce are booming. At about 6% of global economic activity (GDP), transportation's core sectors add up to a remarkably efficient industry, considering the fact that transportation is a vital service to nearly every other sector of the economy.
     In fact, thanks to increasing use of advanced information systems and such strategies as intermodal containers (sending freight via containers that are easily transferred from ship to rail car to truck as needed, without

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Transportation, Supply Chain & Logistics Industry Market Research

Computers, Hardware & Software Industry Market Research

  The technology breakthrough that enabled the modern computer occurred shortly after the end of World War II, when researchers at Bell Laboratories in New Jersey created the first working transistor on December 16, 1947.
    William Shockley, John Bardeen and Walter Brattain later received a well-deserved Nobel Prize in Physics for their groundbreaking work. What started with one transistor has grown at an astonishing rate.
    The Semiconductor Industry Association estimated that in 2008, a total of 6 quintillion transistors were manufactured (that’s a six followed by 18 zeros).
    That was only a minor down payment on the future.
    Consider the steady evolution of chips from Apple and Intel: In 1978, Intel’s wildly popular 8086 processor contained 29,000 transistors, an immense leap forward in desktop computing.
    The first Pentium processor was introduced by Intel in 1993, with 3.1 million transistors.
    In February 2010, Intel launched an Itanium chip with 2 billion transistors.
    By 2015, the Apple iPhone 6 contained an Apple “A8” microprocessor with 2 billion transistors, in a piece of equipment small enough to carry around in your pocket.
    By one estimate, Apple’s product sales alone were launching about 100 quintillion transistors into the market on a yearly basis as of early 2015.
    Worldwide sales of semiconductors hit $333.0 billion in 2014, according to the Semiconductor Industry Association, projected to rise to $344.5 billion in 2015.   Internet Research Tip: For

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Computers, Hardware & Software Industry Market Research

Outsourcing & Offshoring Industry Market Research


       Outsourcing will be an approximately $611.0 billion global industry in 2019, with significant emphasis on three broad areas:  1) logistics, sourcing and distribution services; 2) information technology services, including the creation of software and the management of computer centers; and 3) business process outsourcing (BPO) areas such as call centers, financial transaction processing and human resources management.
     Offshoring, as opposed to outsourcing, covers such a wide variety of nations, products and practices that it is difficult to put a number on the size of the market.
     A significant share of offshoring revenue is created by contract manufacturing of electronics, including laptop computers, tablet computers, cellular telephones and items such as iPods.
     Another major sector in offshoring is contract manufacturing of shoes, apparel and accessories.
     Contract electronics manufacturing was estimated at $461 billion for 2018 by Plunkett Research.
     This market has changed dramatically over the past few years, as the demand for personal desktop consumers is weak as consumers more and more tend to use their smartphones as multipurpose devices, such as cameras, game players and music players.
     However, the growing popularity of internet-connected personal assistants, such as Alexa and Google Home, will help boost manufacturing activity.
     Offshore cost savings have become less advantageous in many cases, as wages and operating costs have been rising rapidly in the business and manufacturing centers of China and India.
     Leading offshore services providers, such as IT consulting giant

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Outsourcing & Offshoring Industry Market Research