According to a report by Allied Market Research, the global management consulting services market demonstrated strong growth, generating $316.5 billion in 2021. The market is projected to continue expanding and is expected to reach $811.3 billion by 2031, with a compound annual growth rate (CAGR) of 10.2% from 2022 to 2031. The report provides an in-depth analysis of various aspects, including winning strategies, emerging market trends, market size and estimations, value chain, key investment opportunities, drivers and opportunities, competitive landscape, and regional outlook.
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It serves as a valuable source of information for new entrants, shareholders, industry leaders, and stakeholders, offering insights to develop effective strategies, strengthen market position, and seize growth opportunities in the market.
The global management consulting services market is expected to witness growth propelled by the increasing adoption of these services for the purpose of reducing operational costs and optimizing business operations.
Additionally, the market is driven by factors such as the widespread availability of high-speed internet services and the growing demand for automation in consulting processes. These factors collectively contribute to the growth and expansion of the global management consulting services market, offering organizations opportunities to enhance their operational efficiency and achieve sustainable business outcomes.
The key players operating in the global management consulting services market include A.T. Kearney, Inc., Accenture, Aon Plc, Bain & Company, Inc., Booz Allen Hamilton Inc., Boston Consulting Group, CGI Inc., Cognizant Technology Solutions, CSC Consulting Services, Deloitte, Ernst & Young, KPMG International Limited, McKinsey & Company, Mercer LLC, PwC, Strategyn LLC, and Sia Partners. These players have adopted various strategies to increase their market penetration and strengthen their position in the management consulting services industry.
Based on type, the operations consulting segment held the dominating market share in 2021, holding more than one-fourth of the global market. On the other hand, the technology and consulting segment is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 13.5% during the forecast period.
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Based on organization size, the large enterprises segment held the dominating market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The small & medium-sized enterprises segment, on the other hand, is predicted to cite the fastest CAGR of 12.8% during the forecast period.
Based on industry vertical, the BFSI segment held the largest market share in 2021, garnering nearly one-fourth of the global market, and is expected to maintain its leadership status during the forecast period. The healthcare segment, on the other hand, is expected to cite the fastest CAGR of 14.6% during the forecast period.
Based on region, the market across North America held the largest market share in 2021, holding more than one-third of the global market. On the other hand, the Asia-Pacific region is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 13.4% during the forecast period
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the management consulting services market forecast from 2021 to 2031 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities of management consulting services market overview.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the management consulting services market segmentation assists in determining the prevailing management consulting services market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global management consulting services market trends, key players, market segments, application areas, and market growth strategies.
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Management Consulting Services Market Key Segments:
By Type:
- Strategy Consulting
- Operations Consulting
- Financial Advisory
- Financial Advisory
- Corporate Finance
- Accounting Advisory
- Tax Advisory
- Transaction Services
- Risk Management
- Others
- Financial Advisory
- Technology Consulting
- Human Resources Consulting
By Organization Size:
- Large Enterprises
- Small & Medium-Sized Enterprises
By Industry Vertical:
- BFSI
- IT and Telecom
- Manufacturing
- Retail and E-Commerce
- Public Sector
- Healthcare
- Others
By Region:
- North America (U.S., Canada, and Mexico)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, and Africa)
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