RealRate Inc.

2040 Martin Ave.
Santa Clara
California 95050
USA
www.realrate.ai
[email protected]
calendly.com/holger-bartel
+49 160 90 844

Press Release
U.S. Consulting Ranking 2024

The new Consulting industry rating for 2024 has just been released by RealRate.

These are the top three consulting companies in the U.S., measured by Economic Capital Ratio:

Pharma Bio Serv Inc. – 232%

Lightbridge Corp. – 231%

RMR Group Inc. – 231%

The complete rating of 26 Construction companies is published at https://realrate.ai/ranking-area/2024-us-consulting/

6 companies achieved the sought-after ‘Top-Rated’ seal.

PharmaBioServ was founded in 1993 in Puerto Rico, right in the middle of the pharmaceutical industry's modernization, and provides consulting services for compliance and validation. The Company provides microbiological testing services and chemical testing services through its laboratory testing facility in Puerto Rico. Pharma-Bio Serv generated approximately $9.5 million in revenue for the year ending October 31, 2024, and their current assets are $19 million.

Headquartered in Virginia, Lightbridge Corporation has been in business since 1999 and engages in the development and commercialization of next-generation nuclear fuel technology. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. As of September 30, 2024, the corporation has total assets of $27.6 million, and its current assets are $29 million.

Founded in 1986 and headquartered in Massachusetts, the RMR group is a leading U.S asset management company, unique for its focus on commercial real estate. RMR benefits from a scalable platform, a deep and experienced management team, and a diversity of real estate strategies across its clients. The group has over 3.2B in assets under management and manages a remarkably diverse portfolio of real estate properties in various locations in the U.S. They had a revenue of 49.56 million dollars in the year ending quarter December 31, 2024, and it has current assets of $582 million.



CEO Dr. Holger Bartel: “The U.S. consulting industry is a diverse and increasingly growing industry with strong contributions to economic growth. The industry runs on business by providing expert advice and problem-solving services to businesses, governments, and organizations across various industries. The focus lies on improving the client’s business performance, providing solutions for the business problems, and implementing strategies for growth.

In regards to the growth rate, the U.S. consulting market grew by 5.2%, and the market size was estimated to be around 362.5 billion in 2023. In 2024, the industry was experiencing a steady growth rate and transformation, driven by technology and evolving clients' expectations. The estimated market size for the year 2024 was approximately 374 billion. For the future growth, it is expected to continue growing at a moderate pace, influenced by macroeconomic conditions and corporate spending patterns.

In 2024, the industry employed approximately 2.25 million people. As of Quarter 3 2024, the industry contributed around 13.2% to the national GDP, highlighting its significant role in the U.S. economy. The long-term forecast for the average contribution of this sector is around 12.23%.

The U.S. consulting industry has been embracing a number of trends, including AI integration and a focus on sustainability. Consulting firms have integrated AI and automation into their business practices to help consultants analyze data, predict outcomes, and make data-driven decisions. The industry is also increasingly investing in innovative technology for future growth and sustainable practices.

In coming near future, consulting firms that embrace digital transformation and continuous innovation will be able to keep competitive advantage and deliver consistent value to their clients.

Superior financial strength is critical in the consulting industry, ensuring a smooth client/customer relationship.”



About RealRate:

RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable artificial intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate Top-Rated seal.