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Consulting Industry Statistics in Canada


Consulting Industry Statistics in Canada

Consulting Industry statistics

Stats: Economic contribution, employment, and market size industry segment

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Stats | Consulting Industry Statistics in Canada

The consulting industry in Canada is a thriving sector that provides a wide range of services to businesses and organizations.

Here are some key statistics that highlight the growth and impact of the consulting industry in Canada:

Size and Growth

The consulting industry in Canada is a significant contributor to the country’s economy. According to the Canadian Association of Management Consultants (CMC-Canada), the industry generated over $10 billion in revenue in 2019, representing a growth of 4.1% compared to the previous year. [1]

Employment

The consulting industry is a significant employer in Canada. It provides job opportunities for a diverse range of professionals, including management consultants, IT consultants, HR consultants, and financial consultants. In 2019, the industry employed over 100,000 consultants across the country. [2]

Industry Segments

The consulting industry in Canada is composed of various segments that cater to different sectors and industries. Some prominent segments include management, IT, finance, HR, and strategy consulting. Management consulting is the largest segment, accounting for approximately 40% of the total consulting market in Canada. [3]

Client Base

The consulting industry serves a diverse client base in Canada, including government organizations, private businesses, non-profit organizations, and healthcare institutions. The government sector is a significant client for consulting services, accounting for approximately 30% of the total consulting market in Canada. [4]

Impact on Business Performance

Engaging in consulting services has proven to impact business performance positively. According to a survey conducted by the Conference Board of Canada, organizations that utilized consulting services reported an average increase of 23% in their profitability and a 22% increase in their productivity. [5]

Future Outlook

The consulting industry in Canada is expected to continue its growth trajectory in the coming years. Factors such as digital transformation, increasing demand for specialized expertise, and the need for strategic guidance drive the demand for consulting services. The industry is also adapting to new trends, such as the rise of remote consulting and technology integration in service delivery. [6]

In conclusion, the consulting industry in Canada is a vital sector that contributes significantly to the economy and provides valuable services to a diverse range of clients. With its continued growth and adaptation to emerging trends, the industry is poised for further success.


 

References: Canada Small Business – Statistics 

Consulting Industry Statistics in Canada
[1]: The Canadian Association of Management Consultants – CMC-Canada
[2]: The Canadian Association of Management Consultants – CMC-Canada
[3]: The Canadian Association of Management Consultants – CMC-Canada
[4]: The Canadian Association of Management Consultants – CMC-Canada
[5]: Conference Board of Canada
[6]: Deloitte

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October 27, 2023