17-Aug-2022 | Facts and Factors
According to Facts and Factors, the global business management consulting services market was worth around USD 824.2 billion in 2021 and is estimated to grow to about USD 1,048.9 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.10% over the forecast period. The report analyzes the business management consulting services market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the business management consulting services market.
Through the efficient use of resources, business management consulting services help various commercial institutions improve their performance. The company's business strategies are investigated, evaluated critically, and solutions are suggested depending on the needs and goals of the company. Company management consulting services include, but are not limited to, strategic consulting, business planning, employee training, outsourcing, and other services.
Browse the full “Business Management Consulting Services Market Size, Share, Growth Analysis Report By Consulting Services (Strategy Consulting, Technology Consulting, Operations Consulting, Finance & Accounting Consulting and HR Consulting), By Organization Capital (Lesser than 300 Million, Between 300 and 2,000 Million, Between 2,000 Million and 5,000 Million and More than 5,000 Million), By Verticals(BFSI, Aviation, IT & Telecom, Healthcare, Retail & FMCG, Entertainment & Media, Manufacturing, Transportation & Logistics and Automotive), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/business-management-consulting-services-market
Business management consulting offers guidance to companies on how to manage and operate their enterprises. Management consulting organizations make local and international advice to assist businesses in creating workable strategies for beginning, growing, and reducing costs. Owing to the demand for business management consulting services, the global business management consulting services market is estimated to grow at a CAGR of 4.10% during the forecast period.
Automation and artificial intelligence (AI) transform management consultants' data analysis. Due to AI and automation, management consultants can undertake tasks like processing and analyzing enormous amounts of data more quickly and efficiently. Additionally, it can offer precise information about business aspects, including sales, operations, supply chains, and more. The increasing need for consulting services from various corporations, charitable organizations, and governmental organizations positively impacts the development of the market for business management consulting services. The market for business management consulting services is expanding due to factors including the new business models that have emerged and the fact that business management consultancies are still having trouble adjusting to digital technology. To encourage a positive attitude toward the market, consultancies will increasingly design thorough digital strategies and rework the current commercial and operational structures.
The global business management consulting services market is segregated based on consulting services, organization capital, verticals, and region. Based on consulting services, the market is segregated into strategy consulting, technology consulting, operations consulting, finance &accounting consulting, and HR consulting. Over the forecast period, the strategy consulting segment will dominate the market in 2021. Based on organizational capital, the market is divided into lesser than 300 million, between 300 and 2,000 million, between 2,000 million and 5,000 million and more than 5,000 million. Over the forecast period, the more than 5,000 million segments are expected to develop at the fastest rate in 2021. Based on the vertical, the market is divided into BFSI, aviation, IT &telecom, healthcare, retail & FMCG, entertainment &media, manufacturing, transportation &logistics and automotive. Over the forecast period, the retail & FMCG segment is expected to develop fastest in 2021.
The global business management consulting services market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Due to the presence of significant industry participants, North America held the greatest share of the market. The region's businesses are turning to management consulting firms for help with their financial operations due to the region's extremely volatile market, the United States overall economy, and the government's ongoing regulatory reforms. Due to the consistently changing regulatory environment and volatile market conditions throughout the US economy, businesses are increasingly turning to management consulting firms to help with their regional financial operations. Leading regional consulting firms like PricewaterhouseCoopers, IBM, Deloitte, and BCG are integrating digital transformation into their business models to serve a variety of end-user domains.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 824.2 Billion |
Projected Market Size in 2028 |
USD 1,048.9 Billion |
CAGR Growth Rate |
4.10% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Management Consultants, PwC, McKinsey & Company, Alibi Consulting Group AB, Influence, Mott MacDonald, Poyry PLC, Avanti, BAIN & COMPANY, SPConsulting AB, Booz Allen Hamilton, Boston Consulting Group, Capacent AB, Cognizant, EFESO Consulting, Capgemini, Deloitte, IntermindConsulting, Everis Group, Barkawi Management Consultants, Ramboll Group, Navigant Consulting Inc., Siemens, Ernst & Young Global Limited, Tata Consultancy Services Limited, IBM Corporation, Implement Consulting Group., and Others |
Key Segment |
By Consulting Services, Organization Capital, Verticals, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players functioning in the global business management consulting services market include management Consultants, PwC, McKinsey & Company, Alibi Consulting Group AB, Influence, Mott MacDonald, Poyry PLC, Avanti, BAIN & COMPANY, SPConsulting AB, Booz Allen Hamilton, Boston Consulting Group, Capacent AB, Cognizant, EFESO Consulting, Capgemini, Deloitte, IntermindConsulting, Everis Group, Barkawi Management Consultants, Ramboll Group, Navigant Consulting Inc., Siemens, Ernst & Young Global Limited, Tata Consultancy Services Limited, IBM Corporation, and Implement Consulting Group.
Recent Development-
- In June 2021, Accenture purchased umlaut, an engineering consultancy and services company based in Aachen, Germany. The change will allow businesses to use digital technologies like cloud, artificial intelligence, and 5G to transform how they design, engineer, and manufacture products while embedding sustainability. Accenture's deep engineering capabilities will be significantly expanded due to the change.
Global Business Management Consulting Services market is segmented as follows:
By Consulting Services
- Strategy Consulting
- Technology Consulting
- Operations Consulting
- Finance & Accounting Consulting
- HR Consulting
By Organization Capital
- Lesser than 300 Million
- Between 300 and 2,000 Million
- Between 2,000 Million and 5,000 Million
- More than 5,000 Million
By Verticals
- BFSI
- Aviation
- IT & Telecom
- Healthcare
- Retail & FMCG
- Entertainment & Media
- Manufacturing
- Transportation & Logistics
- Automotive
By Region
-
North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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