Accenture - Competitors

Accenture Competition

Now Viewing Accenture's competition in: Consulting Services (primary)

Recent Developments

Retirement Services for Small Businesses - While most large corporations have staff to help employees with retirement investing options, small businesses generally don't have access to such financial tools. Some consulting firms are helping small business employees better manage their investments. Services range from establishing websites for employees to check on fund performance and make calculations to retirement advisors who advise employees directly.

Some Consultants Advance by Moving to Smaller Firms - Some employees of large consulting firms feel constrained by bureaucratic structures and processes that may inhibit responding to client needs. Especially for publicly traded firms, bureaucracy can breed inertia and a tendency to become risk-adverse, which prevents consultants from moving quickly or daringly for clients. Some consultants are moving to smaller firms that are less concerned about quarterly profits and proficiency. Smaller firms generally are more technologically advanced and adept at making recommendations more rapidly and taking action more quickly.

Consulting Growing in Canada - Demand for consulting services in Canada is growing faster than global growth, according to Kennedy Information. Canada's more fragmented marketplace has been well-suited to the rise of mid-range firms that compete with well-known strategy consulting firms. Canada is also experiencing a rise in niche management consulting firms that support the increasing number of entrepreneurial companies.

Competitive Landscape

Demand is driven by corporate profitability and the overall health of the US economy. The profitability of individual companies depends largely on the special expertise the firm provides to clients. Large firms have advantages in the range of services offered, which often span across all three major consulting disciplines. Small firms can compete effectively by specializing in new technologies or niche industries. The industry is labor-intensive, particularly for payroll services. Average annual revenue per employee is around $100,000 ($40,000 in the payroll services industry).

Full Industry Overview For Consulting Services

Consulting Services Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US management, environmental, and other technical consulting services is forecast to grow at an annual compounded rate of 5.8 percent between 2008 and 2013.

Consulting Services Growth Levels

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.