The Management Consulting Services Global Market Report 2023 by The Business Research Company, provides management consulting services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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The global landscape of management consulting services has witnessed remarkable growth, surging from $976.34 billion in 2022 to an impressive $1,022.24 billion in 2023, marking a substantial compound annual growth rate (CAGR) of 4.7%. However, the specter of the Russia-Ukraine conflict casts a shadow on the global economic recovery from the COVID-19 pandemic, introducing short-term disruptions. The ensuing economic sanctions, escalating commodity prices, and supply chain tumult reverberate across diverse markets worldwide. Forecasts indicate a continued ascent, with the market size projected to reach $1,184.03 billion by 2027, propelled by a steady CAGR of 3.7%.
Many clients of the management consulting services market are expanding globally and thus require more sophisticated and internationally-oriented services. Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion, and multi-national companies setting up facilities in high-growth regions. Companies are increasingly forming joint ventures with firms in other countries to test the market. Similarly, some companies are looking to acquire an established company in a new market to minimise the risk. Furthermore, globalisation in the management consulting services industry is gaining momentum due to rapid growth in the internet, automation of consultancy processes, and developments in data security. In response to this, many domestic management consultancies have entered into new markets, collaborating with foreign groups to offer services in a wider range of countries.
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The management consulting services market is segmented:
1) By Type: Operations Advisory, Financial Advisory, Technology Advisory, Strategy Advisory, Other Consulting Services, HR Advisory
2) By End Use Industry: IT Services, Manufacturing, Financial Services, Mining And Oil & Gas, Construction, Other End Use Industries
3) By Service Provider: Large Enterprise, Small and Medium Enterprise
Top 5 Major Players:
In this dynamic landscape, the convergence of artificial intelligence (AI) and automation stands as a transformative force for management consultants. These technologies empower consultants to navigate vast datasets with unprecedented efficiency, outpacing human capabilities. JLL, a prominent American professional services and investment management firm specializing in real estate, exemplifies this paradigm shift by harnessing an AI analysis system to streamline complex workloads. Traditionally, analyzing portfolios ranging from 1 to 100,000 properties would consume weeks, yet AI expedites this process dramatically. Within the realm of consultancy, AI-driven insights into sales channels, customer journeys, and client behavior prove instrumental in identifying novel opportunities and crafting impactful strategies for advertising campaigns.
Euan Cameron, PwC’s UK AI Leader, contends that the infusion of AI into the traditionally conservative and human-driven management consulting sector holds immense potential for value addition. As AI and automation continue to redefine the landscape, management consultants find themselves at the forefront of a technological revolution, armed with tools that not only enhance efficiency but also unlock unprecedented strategic insights for their clientele.
The management consulting services market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Management Consulting Services Market Characteristics
4. Management Consulting Services Market Product Analysis
5. Management Consulting Services Market Supply Chain
…..
21. Key Mergers And Acquisitions In The Management Consulting Services Market
22. Market Background: Design, Research, Promotional And Consulting Services Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
List Of Tables:
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Management Consulting Services Market, 2022, By Region, Value ($ Billion)
Table 4: Global Management Consulting Services Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 5: Global Management Consulting Services Market, Growth And Market Share Comparison, By Region
….
Table 129: Global Design, Research, Promotional And Consulting Services Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 130: Global Design, Research, Promotional And Consulting Services Market, 2017-2022, 2022-2027F, 2032F, Segmentation By Type, Value ($ Billion)
Table 131: Global Management Consulting Services Market In 2027- Growth Countries
Table 132: Global Management Consulting Services Market In 2027- Growth Segments
Table 133: Global Management Consulting Services Market In 2027- Growth Strategies
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