Global EC Strategies - Amazon Web Services · 2019. 5. 1. · 3.4 Global environmental consultancy market SWOT analysis..... 14 4. Market dynamics, drivers & disruptors ... 6.2 Financial

© Environment Analyst 2018 1

Global EC Strategies

This report was researched and edited by:

Liz Trew Editorial Director, Market Intelligence Service

Anya Hembrough Deputy Editor and Senior Analyst

Ross Griffiths Senior Analyst

Charlotte Edwards Researcher Writer

Stuart Foxon Director

Julian Rose Managing Director

Thanks to the environmental consulting firms that have assisted us by responding to our surveys, participating in email/phone/face-to-face interviews and verifying/commenting on their company profiles.

Great care has been taken to ensure the accuracy of the information in this edition of the report at the time of publishing; however, changes may have occurred since then. Environment Analyst cannot accept liability for errors or omissions of any kind. We are undertaking an ongoing process of verification of the content – if you do wish to pass on any updated company information or discuss any aspect of the report, please contact Environment Analyst (details above).

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© 2018 Environment Analyst Ltd. All rights reserved.

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While Environment Analyst takes every effort to ensure the accuracy of data, we cannot take responsibility for any adverse consequences arising from actions taken in response to our content and we recommend that readers take appropriate professional advice.

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Liz Trew

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Global Strategies

1. Contents

1. Contents ............................................................................................................................................. 2

2. List of figures ..................................................................................................................................... 4 2.1 Environment Analyst ............................................................................................................................................. 8 2.2 Report methodology and definitions ................................................................................................................... 8 2.3 Acknowledgements ................................................................................................................................................. 8 2.4 Accessing other reports and profiles in the series ............................................................................................. 8

3. Executive summary ........................................................................................................................... 9 3.1 Headline findings .................................................................................................................................................... 9 3.2 Introduction to the Global 22............................................................................................................................. 10 3.3 Global EC revenue breakdown by region, services & sectors, 2010 & 2017.............................................. 10 3.4 Global environmental consultancy market SWOT analysis ........................................................................... 14

4. Market dynamics, drivers & disruptors ........................................................................................... 18 4.1 Global 22 performance ........................................................................................................................................ 19 4.2 Regional factors ..................................................................................................................................................... 20 4.3 Service area trends ................................................................................................................................................ 23 4.4 Client sector trends ............................................................................................................................................... 23 4.5 Other drivers, dynamics & disruptors ............................................................................................................... 24

5. Market Structure, competitor performance analysis & business models ........................................ 26 5.1 Changing structure ................................................................................................................................................ 26 5.2 Business models .................................................................................................................................................... 27 5.3 The specialist few .................................................................................................................................................. 28 5.4 Multidisciplinaries – half-way house or best of both? .................................................................................... 33 5.5 Large-scale integrated firms revise formula for growth .................................................................................. 35

6. Global 22 rankings and KPIs ........................................................................................................... 39 6.1 Market leaders, movers & losers ........................................................................................................................ 39 6.2 Financial and resourcing benchmarks (inc. profitability, staffing & contract trends, revenue per

head) ........................................................................................................................................................................ 41 6.3 Global 22 - 2018 to date, and what’s in store for 2019 .................................................................................. 46

6.3.1. Interim financial updates ............................................................................................................................... 46 6.3.2. Full FY18 results (review to date) ................................................................................................................ 47 6.3.3. Expectations and priorities for 2019 ............................................................................................................ 47

7. Global 22 - strategic trends & M&A ................................................................................................ 48 7.1 Consolidation ......................................................................................................................................................... 49 7.2 Diversification ....................................................................................................................................................... 50 7.3 Globalisation and ‘offshoring’ ............................................................................................................................ 50 7.4 Retrenchment ........................................................................................................................................................ 52 7.5 Portfolio optimisation .......................................................................................................................................... 52 7.6 Private equity ......................................................................................................................................................... 53 7.7 ‘Digital’ the new ‘hot area’ ................................................................................................................................... 53 7.8 ‘Rivals to bedfellows’ – the trend for collaborative working ......................................................................... 53 7.9 Ones to watch outside the Global 22… ........................................................................................................... 54

8. Outlook & forecast model ............................................................................................................... 55

9. APPENDIX 1: Market development background ........................................................................... 59 9.1 Services evolution ................................................................................................................................................. 59 9.2 GFC and commodity super-cycle dip puts brakes on..................................................................................... 62 9.3 Underlying fundamentals ..................................................................................................................................... 64 9.4 Infrastructure - the global EC sector’s saviour? ............................................................................................... 65 9.5 International environmental policy and political scene .................................................................................. 65 9.6 Digital revolution and the EC space .................................................................................................................. 67



10. APPENDIX 2: Global 22 M&A TABLES ....................................................................................... 68 10.1 AECOM ................................................................................................................................................................. 68 10.2 Antea Group .......................................................................................................................................................... 68 10.3 Arcadis .................................................................................................................................................................... 69 10.4 Cardno .................................................................................................................................................................... 70 10.5 ERM ........................................................................................................................................................................ 71 10.6 GHD ....................................................................................................................................................................... 72 10.7 Golder ..................................................................................................................................................................... 72 10.8 HDR ........................................................................................................................................................................ 73 10.9 ICF .......................................................................................................................................................................... 73 10.10 Jacobs (inc. CH2M) .............................................................................................................................................. 73 10.11 Mott MacDonald................................................................................................................................................... 74 10.12 Ramboll .................................................................................................................................................................. 75 10.13 Royal HaskoningDHV ......................................................................................................................................... 76 10.14 RPS .......................................................................................................................................................................... 76 10.15 SLR .......................................................................................................................................................................... 77 10.16 SNC-Lavalin (inc. Atkins) .................................................................................................................................... 78 10.17 Stantec ..................................................................................................................................................................... 79 10.18 Sweco ...................................................................................................................................................................... 80 10.19 Tetra Tech .............................................................................................................................................................. 80 10.20 Wood E&IS (formerly Amec Foster Wheeler E&I) ....................................................................................... 81 10.21 WorleyParsons ....................................................................................................................................................... 82 10.22 WSP ......................................................................................................................................................................... 83

11. APPENDIX 3: Global 22 strengths & weaknesses overview .......................................................... 85

12. APPENDIX 4: Global 22 data tables ............................................................................................... 93 12.1 Financial overview of the Global 22 .................................................................................................................. 93

12.1.1. General financial ............................................................................................................................................. 94 12.1.2. Environmental consultancy revenue ............................................................................................................ 95 12.1.3. Group revenue ................................................................................................................................................. 98 12.1.4. Environmental services revenue, including consultancy ........................................................................ 100 12.1.5. Environmental service revenue, excluding consultancy ......................................................................... 102 12.1.6. Group profitability services revenue, including consultancy ................................................................. 104

12.2 Staff ....................................................................................................................................................................... 106 12.3 Contracts .............................................................................................................................................................. 110 12.4 Regional analysis ................................................................................................................................................. 112

12.4.1. West Europe .................................................................................................................................................. 112 12.4.2. East Europe ................................................................................................................................................... 115 12.4.3. Africa & Middle East .................................................................................................................................... 118 12.4.4. Asia Pacific ..................................................................................................................................................... 121 12.4.5. North America ............................................................................................................................................... 124 12.4.6. Latin America ................................................................................................................................................ 127 12.4.7. Office locations ............................................................................................................................................. 130

12.5 Service area analysis ............................................................................................................................................ 131 12.5.1. Climate change & energy ............................................................................................................................. 131 12.5.2. Contaminated land ........................................................................................................................................ 134 12.5.3. EIA & sustainable development ................................................................................................................. 137 12.5.4. Env. management, compliance & due diligence ...................................................................................... 140 12.5.5. Water and waste management..................................................................................................................... 143 12.5.6. Other services ................................................................................................................................................ 146

12.6 Client sector analysis........................................................................................................................................... 149 12.6.1. Government & regulators ............................................................................................................................ 149 12.6.2. Energy & utilities (inc. waste) ..................................................................................................................... 152 12.6.3. Mining, manuf. & process industries ......................................................................................................... 155 12.6.4. Construction, property & transportation .................................................................................................. 158 12.6.5. Financial, professional & service sector .................................................................................................... 161



12.6.6. Other sectors ................................................................................................................................................. 164

2. List of figures

Fig 1 Global environmental consultancy market share by region, 2010 & 2017 .................................................. 10 Fig 2 Global environmental consultancy market share by service area, 2010 & 2017 ......................................... 11 Fig 3 Global environmental consultancy market share by client sector, 2010 & 2017 ........................................ 11 Fig 4 Global EC market leaders and growth trends in each region ........................................................................ 12 Fig 5 Global 22 – EC market share and financial summary 2015-2017................................................................. 13 Fig 6 Global EC market growth vs. world economic growth trend 2010-2022e ................................................. 18 Fig 7 Total environmental consultancy market, 2010-2017 ..................................................................................... 19 Fig 8 Global 22 – regional acquisitive vs. organic growth (%), 2013-2017 ........................................................... 19 Fig 9 Global environmental consultancy market turnover by region, 2010/17 ................................................... 21 Fig 10 Global environmental consultancy market share by region, 2010/17 ......................................................... 21 Fig 11 Global environmental consultancy market growth by region, 2010/17 ...................................................... 21 Fig 12 Global EC market forces by region ................................................................................................................... 22 Fig 13 Global environmental consultancy market turnover by service area, 2012-2017 ....................................... 23 Fig 14 Global environmental consultancy market turnover by client sector, 2012-2017 ...................................... 23 Fig 15 Global 22 (aggregated) - eight-year EC revenue growth ................................................................................ 26 Fig 16 Global EC market structure and consolidation ............................................................................................... 27 Fig 17 Organic growth rate by business model, 2011-2017 ....................................................................................... 28 Fig 18 Global 22 – business models and market positioning .................................................................................... 30 Fig 19 Global 22 – business models and market positioning (continued) ............................................................... 31 Fig 20 Global 22 EC market share and change, 2014-2017 ....................................................................................... 40 Fig 21 EC market growth vs. world economic growth trend 2010-2019f ............................................................... 43 Fig 22 Global 22 - regional EC (organic) revenue growth trends, 2011-2017 ........................................................ 45 Fig 23 Global environmental consultancy market forecast, 2018-2022 ................................................................... 57 Fig 24 Global EC market forecasts and 5-yr CAGR by region ................................................................................. 58 Fig 25 Global EC market forecasts by region, 2017-2022 ......................................................................................... 58 Fig 26 Global EC market forecasts and CAGR by service area ................................................................................ 58 Fig 27 Global EC market forecasts and CAGR by client sector ............................................................................... 58 Fig 28 The evolution of environmental services .......................................................................................................... 60 Fig 29 Evolution of environmental services and global demand .............................................................................. 61 Fig 30 Global EC ‘market intensity’ (EC revenues as a proportion of GDP), 2010-2017 ................................... 62 Fig 31 EC market growth vs. commodity index and oil prices, 2011-2017 ........................................................... 63 Fig 32 Global 22 – financial reporting period representing 2017 in the tables in this report ............................... 92 Fig 33 Global 22 (aggregated) – ten-year revenue trends (group vs. environmental) ............................................ 93 Fig 34 Global 22 (aggregated) – ten-year revenue growth (group vs. environmental) .......................................... 93 Fig 35 Global 22 (aggregated) – ten-year trends in environmental share of group revenue ................................. 93 Fig 36 Global 22 – environmental consultancy revenue, 2008-17 ............................................................................ 94 Fig 37 Global 22 – environmental consultancy market share, 2010-17 ................................................................... 94 Fig 38 Global 22 – environmental consultancy revenue ranking, 2008-17.............................................................. 95 Fig 39 Global 22 – proportion of group revenue in environvmental consulting, 2008-17 ................................... 95 Fig 40 Global 22 – 3-year EC revenue growth, 2009-17 (%) .................................................................................... 96 Fig 41 Global 22 – 1-year EC revenue growth, 2008-17 (US$) ................................................................................. 96 Fig 42 Global 22 – 1-year EC revenue growth, 2008-17 (%) .................................................................................... 97 Fig 43 Global 22 – group revenue, 2008-17 ................................................................................................................. 97 Fig 44 Global 22 – group revenue ranking, 2008-17 ................................................................................................... 98 Fig 45 Global 22 – 1-year group revenue growth, 2009-17 (US$) ............................................................................ 98 Fig 46 Global 22 – 1-year group revenue growth, 2008-17 (%) ................................................................................ 99 Fig 47 Global 22 – environmental services revenue, 2008-17 ................................................................................... 99 Fig 48 Global 22 – environmental services revenue ranking, 2008-17 ................................................................... 100 Fig 49 Global 22 – 1-year environmental services revenue growth, 2008-17 (US$) ............................................ 100 Fig 50 Global 22 – 1-year environmental services revenue growth, 2008-17 (%) ................................................ 101



Fig 51 Global 22 – environmental services revenue excluding consultancy, 2008-17 ......................................... 101 Fig 52 Global 22 – environmental services revenue excluding consultancy ranking, 2008-17 .......................... 102 Fig 53 Global 22 – 1-year environmental services revenue excluding consultancy growth, 2008-17 (US$) .... 102 Fig 54 Global 22 – 1-year environmental services revenue excluding consultancy growth, 2008-17 (%) ........ 103 Fig 55 Global 22 – group operating profitability, 2009-17 (US$) ........................................................................... 103 Fig 56 Global 22 – group operating profitability ranking, 2009-17 ........................................................................ 104 Fig 57 Global 22 – group operating profitability margin, 2009-17 (%).................................................................. 104 Fig 58 Global 22 – environmental consultancy staff numbers, 2009-17 ............................................................... 105 Fig 59 Global 22– group staff numbers, 2009-17 ...................................................................................................... 105 Fig 60 Global 22 – environmental services staff numbers, 2009-17....................................................................... 106 Fig 61 Global 22 – revenue per head (environmental consulting), 2009-17 ......................................................... 106 Fig 62 Global 22 – revenue per head (environmental consulting) ranking, 2009-17 ........................................... 107 Fig 63 Global 22 – revenue per head (group), 2009-17 ............................................................................................ 107 Fig 64 Global 22 – revenue per head (environmental services), 2009-17 .............................................................. 108 Fig 65 Global 22 – contract numbers, 2009-17 and average value ......................................................................... 109 Fig 66 Global 22 – average contract value, 2009-17.................................................................................................. 109 Fig 67 Global 22 – average contract value ranking, 2009-17 ................................................................................... 110 Fig 68 Global 22 – EC revenue West Europe, 2010-17 ........................................................................................... 111 Fig 69 Global 22 – EC revenue ranking West Europe, 2010-17 ............................................................................. 111 Fig 70 Global 22 – EC revenue market share West Europe, 2010-17 ................................................................... 112 Fig 71 Global 22 – proportion of EC revenue in West Europe, 2010-17 ............................................................. 112 Fig 72 Global 22 – EC revenue growth West Europe, 2011-17 (US$m) ............................................................... 113 Fig 73 Global 22 – EC revenue growth West Europe, 2011-17 (%) ...................................................................... 113 Fig 74 Global 22 – EC revenue East Europe, 2010-17 ............................................................................................ 114 Fig 75 Global 22 – EC revenue ranking East Europe, 2010-17 .............................................................................. 114 Fig 76 Global 22 – EC revenue market share East Europe, 2010-17 .................................................................... 115 Fig 77 Global 22 – proportion of EC revenue in East Europe, 2010-17 .............................................................. 115 Fig 78 Global 22 – EC revenue growth East Europe, 2011-17 (US$m) ................................................................ 116 Fig 79 Global 22 – EC revenue growth East Europe, 2011-17 (%) ....................................................................... 116 Fig 80 Global 22 – EC revenue Africa & Middle East, 2010-17 ............................................................................. 117 Fig 81 Global 22 – EC revenue ranking Africa & Middle East, 2010-17 .............................................................. 117 Fig 82 Global 22 – EC revenue market share Africa & Middle East, 2010-17 ..................................................... 118 Fig 83 Global 22 – proportion of EC revenue in Africa & Middle East, 2010-17............................................... 118 Fig 84 Global 22 – EC revenue growth Africa & Middle East, 2011-17 (US$m) ................................................ 119 Fig 85 Global 22 – EC revenue growth Africa & Middle East, 2011-17 (%) ....................................................... 119 Fig 86 Global 22 – EC revenue Asia Pacific, 2010-17 .............................................................................................. 120 Fig 87 Global 22 – EC revenue ranking Asia Pacific, 2010-17 ............................................................................... 120 Fig 88 Global 22 – EC revenue market share Asia Pacific, 2010-17 ...................................................................... 121 Fig 89 Global 22 – proportion of EC revenue in Asia Pacific, 2010-17 ................................................................ 121 Fig 90 Global 22 – EC revenue growth Asia Pacific, 2011-17 (US$m) ................................................................. 122 Fig 91 Global 22 – EC revenue growth Asia Pacific, 2011-17 (%) ......................................................................... 122 Fig 92 Global 22 – EC revenue North America, 2010-17 ........................................................................................ 123 Fig 93 Global 22 – EC revenue ranking North America, 2010-17 ......................................................................... 123 Fig 94 Global 22 – EC revenue market share North America, 2010-17 ................................................................ 124 Fig 95 Global 22 – proportion of EC revenue in North America, 2010-17 ......................................................... 124 Fig 96 Global 22 – EC revenue growth North America, 2011-17 (US$m) ........................................................... 125 Fig 97 Global 22 – EC revenue growth North America, 2011-17 (%) .................................................................. 125 Fig 98 Global 22 – EC revenue Latin America, 2010-17 ......................................................................................... 126 Fig 99 Global 22 – EC revenue ranking Latin America, 2010-17 ........................................................................... 126 Fig 100 Global 22 – EC revenue market share Latin America, 2010-17 ................................................................. 127 Fig 101 Global 22 – proportion of EC revenue in Latin America, 2010-17 ........................................................... 127 Fig 102 Global 22 – EC revenue growth Latin America, 2011-17 (US$m) ............................................................. 128 Fig 103 Global 22 – EC revenue growth Latin America, 2011-17 (%) .................................................................... 128 Fig 104 Global 22 – number of offices by region, 2017 ............................................................................................. 129 Fig 105 Global 22 – proportion of offices by region, 2017 ....................................................................................... 129 Fig 106 Global 22 – EC revenue climate change & energy, 2010-17 ....................................................................... 130



Fig 107 Global 22 – EC revenue ranking climate change & energy, 2010-17 ......................................................... 130 Fig 108 Global 22 – EC revenue market share climate change & energy, 2010-17 ............................................... 131 Fig 109 Global 22 – proportion of EC revenue in climate change & energy, 2010-17 ......................................... 131 Fig 110 Global 22 – EC revenue growth climate change & energy, 2011-17 (US$m)........................................... 132 Fig 111 Global 22 – EC revenue growth climate change & energy, 2011-17 (%) .................................................. 132 Fig 112 Global 22 – EC revenue contaminated land, 2010-17 .................................................................................. 133 Fig 113 Global 22 – EC revenue ranking contaminated land, 2010-17 ................................................................... 133 Fig 114 Global 22 – EC revenue market share contaminated land, 2010-17 .......................................................... 134 Fig 115 Global 22 – proportion of EC revenue in contaminated land, 2010-17 .................................................... 134 Fig 116 Global 22 – EC revenue growth contaminated land, 2011-17 (US$m) ..................................................... 135 Fig 117 Global 22 – EC revenue growth contaminated land, 2011-17 (%)............................................................. 135 Fig 118 Global 22 – EC revenue EIA & sustainable development, 2010-17 .......................................................... 136 Fig 119 Global 22 – EC revenue ranking EIA & sustainable development, 2010-17 ........................................... 136 Fig 120 Global 22 – EC revenue market share EIA & sustainable development, 2010-17 .................................. 137 Fig 121 Global 22 – proportion of EC revenue in EIA & sustainable development, 2010-17 ............................ 137 Fig 122 Global 22 – EC revenue growth EIA & sustainable development, 2011-17 (US$m) ............................. 138 Fig 123 Global 22 – EC revenue growth EIA & sustainable development, 2011-17 (%) .................................... 138 Fig 124 Global 22 – EC revenue env. management, compliance & due diligence, 2010-17 ................................ 139 Fig 125 Global 22 – EC revenue ranking env. management, compliance & due diligence, 2010-17 .................. 139 Fig 126 Global 22 – EC revenue market share env. management, compliance & due diligence, 2010-17 ........ 140 Fig 127 Global 22 – proportion of EC revenue in env. management, compliance & due diligence, 2010-

17 ........................................................................................................................................................................... 140 Fig 128 Global 22 – EC revenue growth env. management, compliance & due diligence, 2011-17 (US$m) .... 141 Fig 129 Global 22 – EC revenue growth env. management, compliance & due diligence, 2011-17 (%) ........... 141 Fig 130 Global 22 – EC revenue water and waste management, 2010-17 .............................................................. 142 Fig 131 Global 22 – EC revenue ranking water and waste management, 2010-17 ................................................ 142 Fig 132 Global 22 – EC revenue market share water and waste management, 2010-17 ....................................... 143 Fig 133 Global 22 – proportion of EC revenue in water and waste management, 2010-17 ................................ 143 Fig 134 Global 22 – EC revenue growth water and waste management, 2011-17 (US$m) .................................. 144 Fig 135 Global 22 – EC revenue growth water and waste management, 2011-17 (%) ......................................... 144 Fig 136 Global 22 – EC revenue other services, 2010-17 .......................................................................................... 145 Fig 137 Global 22 – EC revenue ranking other services, 2010-17 ............................................................................ 145 Fig 138 Global 22 – EC revenue market share other services, 2010-17 .................................................................. 146 Fig 139 Global 22 – proportion of EC revenue in other services, 2010-17 ............................................................ 146 Fig 140 Global 22 – EC revenue growth other services, 2011-17 (US$m) .............................................................. 147 Fig 141 Global 22 – EC revenue growth other services, 2011-17 (%) ..................................................................... 147 Fig 142 Global 22 – EC revenue Government & regulators, 2010-17 ..................................................................... 148 Fig 143 Global 22 – EC revenue ranking Government & regulators, 2010-17 ...................................................... 148 Fig 144 Global 22 – EC revenue market share Government & regulators, 2010-17 ............................................. 149 Fig 145 Global 22 – proportion of EC revenue in Government & regulators, 2010-17 ...................................... 149 Fig 146 Global 22 – EC revenue growth Government & regulators, 2011-17 (US$m) ........................................ 150 Fig 147 Global 22 – EC revenue growth Government & regulators, 2011-17 (%) ............................................... 150 Fig 148 Global 22 – EC revenue energy & utilities (inc. waste), 2010-17 ................................................................ 151 Fig 149 Global 22 – EC revenue ranking energy & utilities (inc. waste), 2010-17 ................................................. 151 Fig 150 Global 22 – EC revenue market share energy & utilities (inc. waste), 2010-17 ........................................ 152 Fig 151 Global 22 – proportion of EC revenue in energy & utilities (inc. waste), 2010-17 ................................. 152 Fig 152 Global 22 – EC revenue growth energy & utilities (inc. waste), 2011-17 (US$m) ................................... 153 Fig 153 Global 22 – EC revenue growth energy & utilities (inc. waste), 2011-17 (%) .......................................... 153 Fig 154 Global 22 – EC revenue mining, manuf. & process industries, 2010-17 .................................................. 154 Fig 155 Global 22 – EC revenue ranking mining, manuf. & process industries, 2010-17 .................................... 154 Fig 156 Global 22 – EC revenue market share mining, manuf. & process industries, 2010-17 .......................... 155 Fig 157 Global 22 – proportion of EC revenue in mining, manuf. & process industries, 2010-17 .................... 155 Fig 158 Global 22 – EC revenue growth mining, manuf. & process industries, 2011-17 (US$m) ...................... 156 Fig 159 Global 22 – EC revenue growth mining, manuf. & process industries, 2011-17 (%) ............................. 156 Fig 160 Global 22 – EC revenue construction, property & transportation, 2010-17 ............................................ 157 Fig 161 Global 22 – EC revenue ranking construction, property & transportation, 2010-17 .............................. 157



Fig 162 Global 22 – EC revenue market share construction, property & transportation, 2010-17 .................... 158 Fig 163 Global 22 – proportion of EC revenue in construction, property & transportation, 2010-17 .............. 158 Fig 164 Global 22 – EC revenue growth construction, property & transportation, 2011-17 (US$m) ............... 159 Fig 165 Global 22 – EC revenue growth construction, property & transportation, 2011-17 (%) ....................... 159 Fig 166 Global 22 – EC revenue financial, professional & service sector, 2010-17 .............................................. 160 Fig 167 Global 22 – EC revenue ranking financial, professional & service sector, 2010-17 ................................ 160 Fig 168 Global 22 – EC revenue market share financial, professional & service sector, 2010-17 ...................... 161 Fig 169 Global 22 – proportion of EC revenue in financial, professional & service sector, 2010-17 ................ 161 Fig 170 Global 22 – EC revenue growth financial, professional & service sector, 2011-17 (US$m) .................. 162 Fig 171 Global 22 – EC revenue growth Financial, professional & service sector, 2011-17 (%) ........................ 162 Fig 172 Global 22 – EC revenue other sectors, 2010-17 ............................................................................................ 163 Fig 173 Global 22 – EC revenue ranking other sectors, 2010-17 ............................................................................. 163 Fig 174 Global 22 – EC revenue market share other sectors, 2010-17 .................................................................... 164 Fig 175 Global 22 – proportion of EC revenue in other sectors, 2010-17.............................................................. 164 Fig 176 Global 22 – EC revenue growth other sectors, 2011-17 (US$m) ............................................................... 165 Fig 177 Global 22 – EC revenue growth other sectors, 2011-17 (%) ...................................................................... 165

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Global EC Strategies - Amazon Web Services · 2019. 5. 1. · 3.4 Global environmental consultancy market SWOT analysis..... 14 4. Market dynamics, drivers & disruptors ... 6.2 Financial