Strategy Consulting Market Size, Share, Trends, Investment Opportunities, Business Revenue, Sales Forecast and Impact of COVID-19

Strategy Consulting Market Research Report- Forecast till 2027

Market Highlights

According to Market Research Future (MRFR), the global strategy consulting market is expected to reach USD 43.98 billion at 5.24% CAGR from 2018 to 2025 (forecast period). The report offers a concise summary of the global situation, the economic situation, and the COVID-19 analysis of the overall market.

The necessity to sustain competitive advantage in several industry verticals is facing various supply-side challenges such as strong competition, speedily changing business models among other factors. As companies want high expertise advisory and consulting teams that offer unique capability solutions, the demand for the strategic consulting market is expected to escalate. The solutions, offered by consultants, comprise of a deep understanding of customer purchasing trends and offer a way for scalable, efficient, and sustainable operations. The onset of digital transformation has made an important impact on the strategic consulting services available globally.

The speedily changing business models in the market are driving the need to rely on solutions of the strategy consulting market in the impending period. The high level of expertise offered by firms specializing in strategy consulting is projected to change the market in the coming period.

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Detailed Regional Analysis

Regionally, the global strategy consulting market has been segmented into the Asia Pacific, North America, Europe, South America, and the Middle East & Africa.

North America is predicted to dominate the strategy consulting market and maintain its role throughout the forecast period. Early adoption of technology and increased investment in sustainable development programs by companies and the existence of a highly skilled workforce are driving the growth of this sector. In 2018, the US accounted for about 20 % of the global market share.

The Asia Pacific is estimated to be the fastest-growing region in the forecast period. Emerging economies like China, Japan, and India are rising faster, leading to market growth in the Asia Pacific. Furthermore, the accelerated adoption of customer-centric consulting services is also expected to accelerate the market’s growth in this area.

Competitive Analysis

The inducement of positive regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets is expected to aid each competitor in the mart with their growth goals

The critical contenders in the strategy consulting market are The Boston Consulting Group (US), Accenture (Europe), Roland Berger LLC (Germany), PwC (UK), McKinsey & Company (US), A.T. Kearney (US), Marsh & McLennan Companies Inc. (US), Deloitte Touche Tohmatsu Limited (UK), CGI Group Inc (Canada), Bain & Company (US), and Booz Allen Hamilton Inc. (US).

Segmentation:

The segmental assessment of the strategy consulting market is carried out on the basis of services, organization size, industry vertical, and region. Based on the regions, the strategy consulting market has been segmented into Europe, the Middle East, Asia-Pacific, North America, Africa, and South America. By the industry vertical, the strategy consulting market is segmented into healthcare, IT & telecommunication, BFSI, retail, manufacturing, and others. On the basis of services, the strategy consulting market is segmented into functional strategy, mergers & acquisitions, organizational, corporate, strategy & operations, economic policy, business model transformation, and digital strategy. By the organization size, the strategy consulting market is segmented into small & medium and large enterprises.

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Global Strategy Consulting Market Research Report: Information by Services ( Mergers & Acquisitions, Corporate Strategy, Business Model Transformation, Economic Policy, Organisational Strategy, Functional Strategy, Strategy & Operations and Digital Strategy), Organization Size (Large Enterprise and Small & Medium Enterprise), Industry Vertical (IT & telecommunication, Healthcare, BFSI, Retail, Manufacturing and others) and Region [North America (US, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, Singapore, South Korea, Rest of Asia-Pacific and India), the Middle East & Africa and South America] – Forecast till 2027