High profit will attract new businesses to this growing industry
Los Angeles, CA (PRWEB) March 20, 2012
Demand for strategic management consulting services in China has been increasing rapidly ever since China's accession to the World Trade Organization. Over the five years through 2012, IBISWorld estimates that revenue for the Management Consulting industry in China has been growing at an annualized rate of 10.1% to total $14.7 billion.
Consulting firms in China enjoy high profit margins and very limited regulations. The industry is still in the growth stage of its life cycle, with low barriers to entry, a heavily unbalanced geographic distribution, and a low concentration level. The top four firms will account for a forecast 23.9% of industry revenue in 2012, according to IBISWorld research. For these reasons, the Management Consulting industry is set to experience significant expansion in China's medium-sized cities.
Most of the top consulting companies in the world have now entered the China market together with their global customers. In fact, most of the top domestic companies, which are battling increasing competition from foreign firms doing business in China, are clients of major consulting companies like McKinsey, Accenture, and BCG. Significant numbers of small- and medium-sized local consulting companies have also emerged, however, and larger domestic firms, such as Alliance PKU and Bexcel Management Consultants, have become the major providers of consulting services to medium-sized Chinese corporations.
For more information, visit IBISWorld’s Management Consulting in China industry report page.
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IBISWorld industry Report Key Topics
Firms in the Management Consulting industry in China provide the following services: business and management consulting; enterprise management consulting; social and economic consulting; public relations consulting; and planning and designing. Consulting activities based on market investigation and statistics are not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.