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Strategy Consulting Market

ID: MRFR/ICT/5515-CR
122 Pages
Shubham Munde
September 2022

Strategy Consulting Market Research Report Information By Services (Mergers & Acquisitions, Corporate Strategy, Business Model Transformation, Economic Policy, and Organisational Strategy), By Size (Large Enterprise and Small & Medium Enterprise), By Vertical (IT & telecommunication, Healthcare, BFSI, Retail, and Manufacturing), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035.

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Strategy Consulting Market Summary

As per Market Research Future analysis, the Strategy Consulting Market was estimated at 51.28 USD Billion in 2024. The Strategy Consulting industry is projected to grow from 54.2 USD Billion in 2025 to 94.38 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Strategy Consulting Market is currently experiencing a robust evolution driven by digital transformation and sustainability initiatives.

  • North America remains the largest market for strategy consulting, characterized by a strong demand for digital transformation services.
  • Asia-Pacific is emerging as the fastest-growing region, with increasing investments in business model transformation among small and medium enterprises.
  • Mergers and acquisitions continue to dominate the largest segment, reflecting a trend towards consolidation and strategic alignment.
  • Technological advancements and a focus on innovation are key drivers propelling growth in both large enterprises and small and medium enterprises.

Market Size & Forecast

2024 Market Size 51.28 (USD Billion)
2035 Market Size 94.38 (USD Billion)
CAGR (2025 - 2035) 5.7%

Major Players

McKinsey & Company (US), Boston Consulting Group (US), Bain & Company (US), Deloitte Consulting (US), Accenture (IE), PwC Advisory Services (GB), EY Advisory (GB), KPMG (NL), Oliver Wyman (US)

Strategy Consulting Market Trends

The Strategy Consulting Market is currently experiencing a dynamic evolution, driven by various factors that shape its landscape. Organizations are increasingly seeking strategic guidance to navigate complex business environments, which has led to a heightened demand for consulting services. This market appears to be characterized by a growing emphasis on digital transformation, sustainability, and data-driven decision-making. As firms strive to enhance their competitive edge, they are likely to invest in consulting solutions that offer innovative approaches to problem-solving and strategic planning. Furthermore, the integration of advanced technologies into consulting practices seems to be reshaping traditional methodologies, enabling consultants to deliver more tailored and effective solutions to their clients. In addition, the Strategy Consulting Market is witnessing a shift towards collaborative partnerships between consulting firms and their clients. This trend indicates a move away from conventional transactional relationships, fostering a more integrated approach to strategy development. Clients are increasingly valuing consultants who can provide not only expertise but also a deep understanding of their unique challenges and objectives. As the market continues to evolve, it is essential for consulting firms to adapt their offerings and methodologies to meet the changing needs of their clients, ensuring they remain relevant and competitive in this fast-paced environment.

Digital Transformation Focus

The Strategy Consulting Market is increasingly prioritizing digital transformation initiatives. Firms are recognizing the necessity of integrating technology into their operations to enhance efficiency and drive innovation. This trend suggests that consultants are expected to provide insights on leveraging digital tools and platforms to optimize business processes.

Sustainability Integration

There is a notable trend towards incorporating sustainability into strategic planning. Organizations are becoming more aware of their environmental impact and are seeking guidance on sustainable practices. This shift indicates that consultants are likely to play a crucial role in helping businesses align their strategies with sustainability goals.

Collaborative Client Relationships

The nature of client-consultant relationships is evolving towards collaboration. Clients are increasingly looking for partners who understand their specific challenges and can work alongside them to develop tailored strategies. This trend highlights the importance of building trust and fostering long-term partnerships in the Strategy Consulting Market.

Strategy Consulting Market Drivers

Focus on Innovation

Innovation is a pivotal driver in the Strategy Consulting Market, as organizations strive to differentiate themselves in competitive landscapes. In 2025, the emphasis on innovation consulting is projected to grow, with businesses seeking external expertise to foster creativity and develop new products or services. Strategy consultants play a crucial role in facilitating innovation processes, from ideation to implementation, helping firms to stay ahead of market trends. This focus on innovation not only enhances a company's competitive edge but also contributes to long-term sustainability and growth, making it a vital area of investment for many organizations.

Regulatory Compliance

Regulatory compliance remains a critical driver within the Strategy Consulting Market. As businesses face an increasingly complex regulatory environment, the need for expert guidance has intensified. In 2025, it is projected that compliance-related consulting services will account for a significant portion of the overall consulting market, reflecting the heightened focus on governance, risk management, and compliance. Organizations are turning to strategy consultants to help them understand and implement necessary changes to meet regulatory requirements, thereby mitigating risks and avoiding potential penalties. This trend underscores the importance of strategic advisory services in navigating the intricate web of regulations that impact various industries.

Client-Centric Approaches

The Strategy Consulting Market is increasingly characterized by a shift towards client-centric approaches. As clients demand more personalized and tailored solutions, strategy consultants are adapting their methodologies to meet these expectations. In 2025, it is anticipated that firms prioritizing client engagement and collaboration will outperform their competitors. This trend suggests that successful strategy consultants are those who can build strong relationships with clients, understand their unique challenges, and co-create solutions that drive value. By focusing on client needs, consultants not only enhance satisfaction but also foster long-term partnerships that are essential for sustained success in the consulting landscape.

Technological Advancements

The Strategy Consulting Market is currently experiencing a surge in demand driven by rapid technological advancements. Organizations are increasingly seeking consultants who can guide them through the complexities of digital transformation, artificial intelligence, and data analytics. In 2025, it is estimated that the global spending on digital transformation will reach approximately 2 trillion USD, indicating a robust growth trajectory. This trend suggests that firms are prioritizing technology integration to enhance operational efficiency and customer engagement. As a result, strategy consultants are positioned as key players in helping businesses navigate these technological shifts, ensuring they remain competitive in an evolving landscape.

Market Expansion Strategies

The Strategy Consulting Market is witnessing a growing emphasis on market expansion strategies as companies seek to capitalize on new opportunities. In 2025, the demand for consulting services related to market entry and expansion is expected to rise significantly, driven by globalization and the pursuit of new revenue streams. Firms are increasingly relying on strategy consultants to conduct Market Research Future, assess competitive landscapes, and develop tailored strategies for entering new markets. This trend indicates a shift towards more strategic decision-making, where organizations leverage expert insights to navigate the complexities of international business and enhance their market presence.

Market Segment Insights

Strategy Consulting Market Services Insights

Based on Services, the Strategy Consulting Market segmentation includes Mergers & Acquisitions, Corporate Strategy, Business Model Transformation, Economic Policy, and Organisational Strategy. The corporate strategy segment held the majority share in 2022, contributing most of the Strategy Consulting Market revenue. Corporate strategy, also known as strategic management, involves developing enterprise-wide and business-unit strategies and objectives. 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 (outlining the activities and resources required to implement the plan).

Common examples of strategic consulting projects include evaluating strategic options and supporting business planning processes and development agendas such as market entry strategies (when a company wants to enter a new region or launch a new product).

Strategy Consulting Market Size Insights

Size has bifurcated the Strategy Consulting Market data into Large Enterprises and Small & Medium enterprises. Small & medium enterprises have a considerable share of the market. The growth of this segment is mainly attributable to the need to understand the shortage of funds for expansion. A growing focus on management and productivity training will also benefit the strategy consulting market.

Figure 2: Strategy Consulting Market by Vertical, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Strategy Consulting Market Vertical Insights

Based on Vertical, the Strategy Consulting industry has been segmented into IT & telecommunication, Healthcare, BFSI, Retail, and Manufacturing. The IT & telecommunication segment is expected to contribute a higher market share. The core aspects supporting the sector's growth are customer competition and the convergence of mobile and fixed services. Moreover, 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.

This has encouraged the adoption of strategy consulting across various markets and facilitated the segment's growth in the coming years.

Get more detailed insights about Strategy Consulting Market

Regional Insights

North America : Consulting Powerhouse

North America remains the largest market for strategy consulting, holding approximately 45% of the global market share. The region's growth is driven by a robust economy, increasing demand for digital transformation, and regulatory support for innovation. The U.S. leads this market, followed closely by Canada, which contributes around 10% to the overall share. The regulatory environment encourages investment in consulting services, fostering a competitive landscape. The competitive landscape in North America is characterized by the presence of major players such as McKinsey & Company, Boston Consulting Group, and Bain & Company. These firms dominate the market, leveraging their extensive expertise and resources. Additionally, firms like Deloitte and Accenture are expanding their consulting services, focusing on technology and digital solutions. This competitive environment ensures continuous innovation and high-quality service delivery.

Europe : Emerging Consulting Hub

Europe is witnessing a significant rise in the strategy consulting market, accounting for approximately 30% of the global share. The growth is fueled by increasing demand for sustainability consulting and digital transformation initiatives. Germany and the UK are the largest markets, holding around 12% and 10% respectively. Regulatory frameworks in the EU promote innovation and sustainability, creating a conducive environment for consulting services to thrive. Leading countries in Europe, such as Germany, the UK, and France, are home to key players like PwC Advisory Services, EY Advisory, and KPMG. The competitive landscape is evolving, with firms focusing on niche areas like sustainability and digital strategy. The presence of established firms alongside emerging consultancies fosters a dynamic market, driving innovation and enhancing service offerings.

Asia-Pacific : Rapidly Growing Market

Asia-Pacific is rapidly emerging as a significant player in the strategy consulting market, holding about 20% of the global share. The region's growth is driven by economic expansion, increasing foreign investments, and a rising demand for digital transformation. China and India are the largest markets, contributing approximately 10% and 5% respectively. Regulatory support for foreign investments and business reforms further catalyzes market growth, making it an attractive destination for consulting services. The competitive landscape in Asia-Pacific features a mix of global and local players, with firms like McKinsey, Bain, and local consultancies gaining traction. Countries like Japan and Australia are also witnessing growth in consulting services, focusing on technology and innovation. The presence of diverse consulting firms enhances competition, driving quality and innovation in service delivery.

Middle East and Africa : Emerging Market Potential

The Middle East and Africa region is gradually emerging in the strategy consulting market, holding around 5% of the global share. The growth is primarily driven by economic diversification efforts, particularly in Gulf Cooperation Council (GCC) countries, and increasing investments in infrastructure and technology. The UAE and South Africa are the largest markets, contributing approximately 3% and 1% respectively. Regulatory initiatives aimed at enhancing business environments are fostering growth in consulting services across the region. In this region, key players include global firms like Deloitte and local consultancies that are expanding their services. The competitive landscape is characterized by a mix of established firms and new entrants focusing on sectors like energy, technology, and public services. This diversity in the market presents numerous opportunities for growth and innovation in consulting services.

Strategy Consulting Market Regional Image

Key Players and Competitive Insights

The Strategy Consulting Market is characterized by a dynamic competitive landscape, driven by the increasing demand for strategic guidance in navigating complex business environments. Key players such as McKinsey & Company (US), Boston Consulting Group (US), and Deloitte Consulting (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. McKinsey & Company (US) emphasizes innovation and digital transformation, focusing on integrating advanced analytics into their consulting practices. Meanwhile, Boston Consulting Group (US) has been actively pursuing partnerships with technology firms to bolster its capabilities in data-driven decision-making. Deloitte Consulting (US) appears to be leveraging its extensive global network to expand its service offerings, particularly in sustainability consulting, which is becoming increasingly relevant in today’s market. Collectively, these strategies not only enhance individual company profiles but also intensify competition within the market, as firms vie for leadership in emerging areas of consulting.

The business tactics employed by these firms reflect a nuanced understanding of the market's structure, which is moderately fragmented yet dominated by a few key players. Localizing services to meet regional demands and optimizing supply chains are prevalent tactics that enhance operational efficiency. The collective influence of these major players shapes the competitive environment, as they set benchmarks for service quality and innovation that smaller firms strive to meet.

In August 2025, McKinsey & Company (US) announced a strategic partnership with a leading AI technology firm to develop advanced predictive analytics tools tailored for the healthcare sector. This move is significant as it positions McKinsey at the intersection of healthcare and technology, allowing them to offer clients cutting-edge solutions that address pressing industry challenges. The integration of AI into their consulting framework is likely to enhance their value proposition and attract new clients seeking innovative solutions.

In September 2025, Boston Consulting Group (US) launched a new initiative aimed at helping organizations transition to sustainable business models. This initiative underscores BCG's commitment to sustainability, reflecting a broader trend within the consulting industry towards environmental responsibility. By positioning itself as a leader in sustainability consulting, BCG not only differentiates itself from competitors but also aligns with the growing demand for corporate social responsibility among clients.

In July 2025, Deloitte Consulting (US) expanded its global footprint by acquiring a boutique consulting firm specializing in digital transformation. This acquisition is indicative of Deloitte's strategy to enhance its digital capabilities and provide comprehensive solutions to clients navigating the complexities of digital change. The move is expected to strengthen Deloitte's market position and enable it to offer a more integrated suite of services, thereby enhancing client retention and attracting new business.

As of October 2025, the Strategy Consulting Market is witnessing a pronounced shift towards digitalization, sustainability, and AI integration. These trends are reshaping competitive dynamics, as firms increasingly form strategic alliances to enhance their service offerings and technological capabilities. The competitive landscape is evolving from a focus on price-based competition to one centered on innovation, technology, and supply chain reliability. As firms adapt to these changes, the ability to differentiate through advanced solutions and strategic partnerships will likely define future success in the market.

Key Companies in the Strategy Consulting Market market include

Industry Developments

Fincog recently finished two engagements with clients in the banking industry in 2022. a summary of the initiatives and their effects. Fincog was hired by a major bank in Western Europe to assist in the creation of a plan for a fresh environment. Partner at Fincog Jeroen de Bel said, "We were requested to evaluate strategic choices, the business case, and the impact on the current business.

EY announced the launch of its business transformation platform, EY Nexus, in 2022. This platform is optimised for financial services and built for quick deployment of new products and solutions. With the EY organisation recently announcing combined global revenues of US$45.4 billion for the financial year, the introduction of EY Nexus represents an important milestone.

In 2021, GBS is a Hong Kong-based business that offers diabetic patients diagnostic tests. The enormous Chinese market is being targeted by the company as part of its expansion strategy for the Asia Pacific region. It is predicted that by 2025, China will have 70 million diabetics who are actively managing their diabetes. With its so-called Saliva-Glucose Diabetes Test (SGBT), GBS thinks it is in a good position to capture a sizeable portion of the market. This test measures glucose levels in saliva and is non-invasive for managing diabetes.

May 2023- Leading human resources solutions provider Humareso is excited to announce the introduction of its cutting-edge Talent Strategy Consulting Market service. This innovative service, which is intended to revolutionize how companies approach people management, offers organizations all over the United States strategic advice and know-how to streamline their personnel acquisition, development, & retention procedures.

In the cutthroat business environment of today, organizations struggle to find and keep top talent for a variety of reasons. Humareso is aware of how crucial it is to develop a solid staff which is in line with a business's vision, beliefs, and objectives. This talent strategy consulting service is designed to help organizations succeed by executing complete human resources strategies which promote an excellent work environment.

Experienced HR consultants from Humareso bring a plethora of knowledge and insight to the table. They work closely with customers to establish tailored talent strategies that address their particular needs since they have a thorough awareness of market trends, regulatory compliance, and industry best practices. Humareso assists companies in aligning their talent acquisition initiatives with their enduring goals in order to provide them a competitive edge in the market.

They are thrilled to introduce their Talent Strategy Consulting Market offering to businesses across the United States, said Humareso President John Baldino, MSHRD SPHR SHRM-SCP. At Humareso, they are adamant that an organization's performance is directly related to the caliber of its talent and its capacity to successfully manage and grow that talent. Their seasoned consultants are enthusiastic about working with businesses to help them reach their maximum potential, and they are eager to assist their customers in creating high-performing teams that promote long-term success and growth.

Providing a range of services aimed at empowering organizations in areas of employee engagement, leadership development, talent management, and more, Humareso is a top provider of human resources solutions.

Future Outlook

Strategy Consulting Market Future Outlook

The Strategy Consulting Market is projected to grow at a 5.7% CAGR from 2024 to 2035, driven by digital transformation, globalization, and evolving client needs.

New opportunities lie in:

  • Expansion into emerging markets through localized consulting services.
  • Development of AI-driven analytics tools for strategic decision-making.
  • Partnerships with technology firms to enhance service offerings and innovation.

By 2035, the Strategy Consulting Market is expected to be robust, reflecting sustained growth and innovation.

Market Segmentation

Strategy Consulting Market Size Outlook

  • Large Enterprises
  • Small & Medium Enterprises

Strategy Consulting Market Services Outlook

  • Mergers & Acquisitions
  • Corporate Strategy
  • Business Model Transformation
  • Economic Policy
  • Organizational Strategy

Strategy Consulting Market Vertical Outlook

  • IT & Telecommunication
  • Healthcare
  • BFSI
  • Retail
  • Manufacturing

Report Scope

MARKET SIZE 2024 51.28(USD Billion)
MARKET SIZE 2025 54.2(USD Billion)
MARKET SIZE 2035 94.38(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.7% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled McKinsey & Company (US), Boston Consulting Group (US), Bain & Company (US), Deloitte Consulting (US), Accenture (IE), PwC Advisory Services (GB), EY Advisory (GB), KPMG (NL), Oliver Wyman (US)
Segments Covered Services, Size, Vertical, Region
Key Market Opportunities Integration of artificial intelligence in strategic decision-making processes enhances competitive advantage in the Strategy Consulting Market.
Key Market Dynamics Rising demand for digital transformation consulting services drives competitive dynamics and innovation in the Strategy Consulting Market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Shubham Munde
Research Analyst Level II

With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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FAQs

What is the current valuation of the Strategy Consulting Market in 2025?

The Strategy Consulting Market is valued at approximately 51.28 USD Billion in 2024.

What is the projected market size for the Strategy Consulting Market by 2035?

The market is expected to reach a valuation of 94.38 USD Billion by 2035.

What is the expected CAGR for the Strategy Consulting Market during the forecast period 2025 - 2035?

The expected CAGR for the Strategy Consulting Market during the forecast period 2025 - 2035 is 5.7%.

Which segments are driving growth in the Strategy Consulting Market?

Key segments driving growth include Organizational Strategy, Corporate Strategy, and Mergers & Acquisitions.

What are the projected valuations for the Organizational Strategy segment by 2035?

The Organizational Strategy segment is projected to grow from 21.28 USD Billion to 40.38 USD Billion by 2035.

How do large enterprises compare to small and medium enterprises in the Strategy Consulting Market?

Large enterprises are projected to grow from 30.0 USD Billion to 55.0 USD Billion, while small and medium enterprises are expected to increase from 21.28 USD Billion to 39.38 USD Billion.

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