Management Consulting Market Expected to Grow at a CAGR of 10.6% to nearly $1,460.2 billion by 2022 | Deloitte Touche Tohmatsu, Accenture, International Business Machines

The global management consulting market reached a value of nearly $977.3 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.6% since 2014, and is expected to grow at a CAGR of 10.6% to nearly $1,460.2 billion by 2022.

Growth in the historic period resulted from the strong economic growth in emerging markets, regulatory reforms in the financial sector, outsourcing of back-end operations to low-cost economies, and public investments. Factors that negatively affected growth in the historic period were shortages of skilled workers, and political and social instability. Going forward, faster economic growth, the emergence of digital consulting, and the rise of globalization will drive growth. Factors that could hinder the growth of this market in the future include rising costs and decreasing margins, advances of artificial intelligence with a potential to replace management consultants and in-house management consulting teams in big technological companies.

Top Companies Covered in this Report:
Deloitte Touche Tohmatsu Limited, Accenture Plc, International Business Machines Corporation, Ernst & Young Global Limited, PricewaterhouseCoopers (PwC), KPMG International

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The management consulting market in this report is segmented by type of service into operations advisory, financial advisory, technology advisory, strategy advisory, HR advisory and other consulting services. The financial advisory market was the largest segment of the management consulting market in 2018 at 28.8%. The financial advisory market is also expected to be the fastest-growing segment going forward at a CAGR of 12.1%.

By end-use industry, the management consulting market is segmented into IT services, manufacturing, financial services, mining and oil & gas, construction, other services, and others. The financial services industry was the largest segment by end-use industry of the management consulting market in 2018 at 28.6%. The IT services segment is expected to be the fastest-growing segment going forward at a CAGR of 14.4%.

Western Europe is the largest market for management consulting, accounting for 33.8% of the global market. It was followed by North America and Asia-Pacific and then the other regions. Going forward, South America and Africa will be the fastest growing regions in this market, where growth will be at CAGRs of 18.3% and 14.2% respectively. These will be followed by the Middle East and Eastern Europe, where the markets are expected to grow at CAGRs of 13.7% and 13.0% respectively.

The global management consulting market is highly fragmented. The top ten competitors in the global management consulting market made up 14.0% of the total market in 2018. High fragmentation in the market can be attributed to the presence of large numbers of independent contractors and specialized boutique firms in the industry. Players in the market include Deloitte Touche Tohmatsu Limited, Accenture Plc, International Business Machines Corporation, Ernst & Young Global Limited, PricewaterhouseCoopers (PwC), KPMG International and others.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Management Consulting Market Size
2.2 Management Consulting Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Management Consulting Market Size by Manufacturers
3.2 Management Consulting Key Players Head office and Area Served
3.3 Key Players Management Consulting Product/Solution/Service
3.4 Date of Enter into Management Consulting Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Management Consulting Sales by Product
4.2 Global Management Consulting Revenue by Product
4.3 Management Consulting Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Management Consulting Breakdown Data by End User

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