Overview and Scope
Strategy advisory refers to services that advise organisations on high-level decisions in an unbiased fashion, using deep industry knowledge to deliver the best results. Strategy advisory services help businesses stay competitive by analyzing business practices and developing improvement strategies.
Sizing and Forecast
The strategy advisory market size has grown strongly in recent years. It will grow from $137.78 billion in 2023 to $146.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to globalization and market dynamics, mergers and acquisitions activity, competitive pressures and industry disruptions, regulatory changes and compliance challenges, economic uncertainty and market volatility.
The strategy advisory market size is expected to see strong growth in the next few years. It will grow to $198.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to digital transformation imperatives, sustainability and esg considerations, resilience planning and risk management, shifts in consumer behavior, global economic trends and geopolitical factors. Major trends in the forecast period include supply chain resilience strategies, human capital and talent management strategies, customer-centric business strategies, strategic partnerships and m&a advisory, data privacy and compliance strategies.
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Segmentation & Regional Insights
The strategy advisory market covered in this report is segmented –
1) By Services: Corporate Strategy, Business Model Transformation, Economic Policy, Mergers & Acquisitions, Organizational Strategy, Functional Strategy, Strategy & Operations, Digital Strategy
2) By Organization Size: Large Enterprise, Small and Medium Enterprise
3) By End-User: IT & Telecommunication, Healthcare, BFSI, Retail, Manufacturing, Other End-Users
North America was the largest region in the strategy advisory market in 2023. Western Europe was the second largest region in the global strategy advisory market share. The regions covered in the strategy advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
During the forecast period, the increased number of start-ups globally will support the strategy advisory market’s growth. According to Invest India, in August 2022, India was the third largest start-up ecosystem in the world with over 77,000 DPIIT-recognized start-ups across 656 districts. According to The State of Indian Start-up Ecosystem Report, 2022, by Inc42, the cumulative funding raised by Indian start-ups would reach $180 billion by 2023. Therefore, a growing number of star-tups across industrial and financial sectors is expected to fuel the demand for the strategy advisory market growth.
Key Industry Players
Major companies operating in the strategy advisory market report are Dell Technologies Inc., Deloitte Touche Tohmatsu Limited, Accenture plc, IBM Corporation, PricewaterhouseCoopers International Limited, Ernst & Young Ltd., KPMG International Limited, Fujitsu Ltd., Capgemini SE, Tata Consultancy Services Limited, Infosys Limited, The Boston Consulting Group, McKinsey & Company, Booz & Co., Grant Thornton International, Gartner Inc., Bain & Company, FTI Consulting, Oliver Wyman Group, Mercer LLC, ZS Associates, A.T. Kearney Inc., Huron Consulting Group, Roland Berger Group, Simon-Kucher & Partners, L.E.K. Consulting, AlixPartners, HCL Technologies Limited, The Bridgespan Group, Neo-concept (BVI) Limited
The strategy advisory market report table of contents includes:
1. Executive Summary
2. Strategy Advisory Market Characteristics
3. Strategy Advisory Market Trends And Strategies
4. Strategy Advisory Market – Macro Economic Scenario
5. Global Strategy Advisory Market Size and Growth
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32. Global Strategy Advisory Market Competitive Benchmarking
33. Global Strategy Advisory Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Strategy Advisory Market
35. Strategy Advisory Market Future Outlook and Potential Analysis
36. Appendix
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