The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Globalization is expected to drive innovation in management consulting services manufacturing, driving the market during the forecast period.

The global management consulting services market is expected to grow from $976.34 billion in 2022 to $1,022.24 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The management consulting services market is expected to grow from $1,184.03 billion in 2027 at a CAGR of 3.7%.

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Global Management Consulting Services Market Segments Include:

• By Type: Operations Advisory, Financial Advisory, Technology Advisory, Strategy Advisory, Other Consulting Services, HR Advisory
• By End Use Industry: IT Services, Manufacturing, Financial Services, Mining And Oil & Gas, Construction, Other End Use Industries
• By Service Provider: Large Enterprise, Small and Medium Enterprise
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global management consulting services market in 2021.

Major Market Players in the management consulting services market include Accenture, Deloitte Touche Tohmatsu Limited, Total SA, PwC, Ernst & Young, KPMG, Aon P.L.C, Aon Hewitt, McKinsey & Company, and Boston Consulting Group Inc.

Management consultants’ data exploration is being transformed by artificial intelligence (AI) and automation. AI and automation assist management consultants in performing tasks such as processing and analysing massive amounts of data more efficiently and quickly than the average human. It can also provide accurate business insights in areas such as sales, operations, supply chain, and more. JLL, an American professional services and investment management firm specialising in real estate, for example, uses an AI analysis system to drastically reduce workloads. The real estate consultancy advises on client portfolios ranging from 1 to 100,000 properties, which used to take professionals weeks to analyse. According to Euan Cameron, PwC’s UK AI Leader, AI has the potential to add significant value to the management consulting industry, which has traditionally been conservative and human-driven.

The Management Consulting Services Global Market Report 2023  provides a management consulting services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The management consulting services market forecast analyzes management consulting services market size, management consulting services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Management consulting is defined as advising and/or implementing services to organisations’ management with the goal of improving the effectiveness of their business strategy, organisational performance, and operational processes.

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