Strategy Consulting Market Size Report & Growth Rate by 2025

Strategy Consulting Market Forecast to 2025 – Global Analysis – by Services (Corporate Strategy, Business Model Transformation, Economic Policy, Mergers & Acquisitions, Organizational Strategy, Functional Strategy, Strategy & Operations, and Digital Strategy) and Industry Vertical (IT & Telecommunication, Healthcare, BFSI, Retail, and Manufacturing)

Publication Month : Nov 2018

  • Report Code : TIPTE100000764
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 146
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[Research Report] The strategy consulting market analysis estimated the market size of around US$ 43.07 billion in 2017 and is expected to witness a market growth of 9.9% CAGR during the market forecast period (2018–2025) to reach an estimated value of around US$ 91.38 billion by 2025.

Strategy consulting is a type of service that is provided by a third-party expert to the business owners for making business-related decisions to overcome the strategic challenges the organization faces. Strategy consulting is also termed boardroom consulting or strategic advisory. This type of consulting is carried out to advise organizations on high-level decisions in a manner that is impartial and uses in-depth knowledge of the specific industry to deliver the best results. Several consultants consider strategic counseling one of the most prominent consultancy services within the professional services industry—this type of counseling emphasizes the growth of organizational functional or corporate strategies.

Some of the factors aiding the market growth of the strategy consulting market include an increasing number of new businesses worldwide, demand for overcoming cyber security challenges, increasing business digital transformation among the enterprises, and demand for business model transformation across different industry verticals. Moreover, the factors such as the increasing number of organizational in-house consulting divisions and the rising number of independent or freelancing consultants are expected to be some of the major restraining factors hindering the strategy consulting market growth.

Several threats to the business such as risk and uncertainty can highly affect the business operations. Conventional and traditional business practices always face the risk factor from disruptive technologies or new entrants in the global strategy consulting market. Strategy consulting plays a very important role in managing business operations and effectively running the organization’s operations. Hence, the rising number of SMEs worldwide and increasing demand for the digital transformation of business is generating awareness among the enterprises to outsource strategy consulting worldwide. Moreover, most of the SMEs do not have their own consulting divisions which are leading to the adoption of strategy consulting globally.

The global strategy consulting market has been segmented on the basis of services and industry verticals. There is a myriad of services present to be catered by the consulting services players. For the strategy consulting market, some of the widely used services have been broadly segmented into business model transformation, corporate strategy, economic policy, organizational strategy, mergers & acquisitions, functional strategy, strategy & operations, and digital strategy. Further, the strategy consulting market has been segmented on the basis of industry verticals into IT & telecommunication, healthcare, BFSI, retail, manufacturing, and others. The market analysis is conducted with respect to five major regions; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM) which is also provided in the strategy consulting market report. According to the strategy consulting market study, North America accounted for the largest market share in 2017.

 

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Strategy Consulting Market: Strategic Insights

strategy-consulting-market
Market Size Value inUS$ 43.07 billion in 2017
Market Size Value byUS$ 91.38 billion by 2025.
Growth rateCAGR of 9.9% from 2018 to 2025
Forecast Period2018-2025
Base Year2018
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Strategy Consulting Market Insights

Economic Growth to Drive Market Demand

According to the strategy consulting market forecast, the rise in economic growth enabled by the introduction of eCommerce enterprises, as well as an increase in customer spending, may fuel demand for strategy consulting during the near future. The fierce competition between Amazon, Alibaba, and Flipkart, as well as quick changes in customer purchasing patterns, may result in a market demand for specialists. PwC, for example, has teamed up with Amazon Web Services to offer novel methods to customer relationship management, retail interface design, and technology innovation.

Industry Vertical-Based Market Insights

Manufacturing, IT & telecommunications, retail, healthcare, BFSI, and others are the industry verticals that the global strategy consulting market is divided into. In 2018, the IT & telecommunications segment held the biggest market share. The competition for clients and the convergence of mobile and fixed services may lead to an increase in consulting services demand. Moreover, the demand for online sales across different industry verticals is generating a lot of challenges for companies to transform their sales channel model. This is leading to the adoption of strategy consulting across different markets and boosting the growth of the global strategy consulting market.

Services-Based Market Insights

The global strategy consulting market is divided into mergers and acquisitions, strategy & operations, organizational strategy, corporate strategy, economic policy, business model transformation, functional strategy, and digital strategy, based on services. Due to the use of digital and traditional ways to cut operational costs and boost productivity, the strategy & operational services can provide a boost to organizational businesses. Furthermore, the rising number of mergers and acquisitions across different industries is also demanding more focused business operations and different ways to incorporate or implement the business strategies among the enterprises. This is also expected to boost the strategy consulting market growth during the forecast period.

 

  • To keep rising prices of these services in check, many corporations in the hospitality, IT, telecom, and healthcare sectors are forming in-house consulting teams. Furthermore, the time spent on research and the fierce rivalry among IT firms have resulted in an increase in fees, which can encourage the trend. Finally, a scarcity of qualified experts may limit market expansion.
  • Several organizations are majorly focusing on acquiring smaller vendors in order to acquire a higher market share in the highly competitive strategy consulting market.

Company Profiles

  • A.T. Kearney, Inc.
  • Accenture PLC
  • Delloite
  • Bain & Company
  • Ernst & Young Ltd.
  • KPMG
  • McKinsey & Company
  • Mercer LLC
  • The Boston Consulting Group
  • PwC
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Services and Industry Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Strategy Consulting Market

1. A.T. Kearney, Inc.
2. Accenture PLC
3. Bain & Company, Inc.
4. The Boston Consulting Group
5. Deloitte Touche Tohmatsu Limited
6. Ernst & Young Ltd.
7. KPMG International
8. McKinsey & Company
9. Mercer, LLC
10. PricewaterhouseCoopers

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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