Market Research Future (MRFR) has published a cooked research report on the “Global Strategy Consulting Market” that contains information from 2023 to 2030. The Strategy Consulting Market is estimated to register a CAGR of 5.70% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Strategy Consulting Market— T. Kearney Inc., Bain and Company, Accenture PLC, Delloite, The Boston Consulting Group, Booz Allen Hamilton Inc., Ernst & Young Ltd., and CGI Group Inc.
The Strategy Consulting Market is accounted to register a CAGR of 5.70% during the forecast period and is estimated to reach USD 67.6 Billion by 2030.
Strategy consulting refers to a specialized segment of the consulting industry that focuses on providing strategic advice and guidance to organizations, typically businesses, to help them make informed decisions, set goals, and formulate plans to achieve long-term success and competitive advantage. The strategy consulting market involves firms and professionals who offer their expertise in analyzing an organization's current state, market trends, competitive landscape, and other relevant factors, and then providing recommendations and actionable strategies to enhance performance and achieve specific objectives.
A crucial aspect of strategy consulting is analyzing the competitive landscape. Consultants assess competitors, market trends, and emerging disruptors to help clients make informed decisions and stay ahead in their industry.
The Strategy Consulting Market has been segmented based on service and end user.
On the basis of service, the market is segmented into Mergers & Acquisitions, Corporate Strategy, Business Model Transformation and Economic Policy. The corporate strategy segment contributes most of the Strategy Consulting market revenue. Strategic consultants are regularly engaged to support the design of the vision and mission statement, the development of the strategic plan, and the development of an implementation roadmap.
Based on end user, the market has been segmented into IT & telecommunication, Healthcare, BFSI and Retail. The IT & telecommunication segment is expected to contribute a higher market share. The demand for online sales across various verticals is creating challenges for companies to shift their sales channel models, which is also expected to impact the segment's growth over the review time frame.
The Strategy Consulting Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Strategy Consulting Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Strategy Consulting Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Strategy Consulting Market comprises of Middle East, Africa, and Latin America.
North America, particularly the United States, is a hub for strategy consulting firms. The region's robust economy, technological advancements, and diverse industries contribute to a thriving strategy consulting market.
Europe is another significant player in the strategy consulting market. Europe's mature industries, regulatory complexity, and emphasis on sustainability drive demand for strategic guidance. The European market also places importance on cultural and language differences, making localized expertise essential.
The Asia-Pacific region is experiencing rapid economic growth and industrial transformation. This growth fuels demand for strategy consulting services, as companies seek to navigate evolving markets, adopt new technologies, and expand their global presence.
Furthermore, the rest of the world's Strategy Consulting Market is divided into the Middle East, Africa, and Latin America. Latin America has a developing strategy consulting market, with countries like Brazil and Mexico exhibiting potential for growth. As businesses in the region look to modernize and compete on a global scale, there's an increasing need for strategic guidance in areas like infrastructure, energy, and consumer markets.
Key Findings of the Study