Strategy consulting market in North America is expected to grow from US$ 22.44 Bn in 2017 to US$ 38.65 Bn by the year 2025. This represents a CAGR of 7.1% from the year 2018 to 2027.
Growing expertise across business sectors and boost in the regional business diversities demand for skilled driven consultations and operations is fueling the North America strategy consulting market. Business diversity is one of the major concerns hovering around the globalization of any organization. For any company to tap larger international markets, understanding the local needs and requirements of the consumer becomes highly crucial. An internal team of experts from the company might not be well acquainted by the demographics of the particular region that the company aims to tap for future business. High regional diversities with respect to various facts such as demands of the customer, disposable incomes of the consumer, Governmental legislations in the region, the percentage of the youth population, percentage of literacy in the region, and some cultural deviations. Altogether, these factors require deep and focused study before nay strategy formulation for tapping, thereby driving the strategy consulting market in North America. This factor has created a potential market space for North America strategy consulting market.
The executions of multi-sourcing and automation into consulting is anticipated to fuel the North America strategy consulting market growth. Since the advent of machine learning, analytics, and Artificial Intelligence (AI), businesses have transformed in a big way. These upcoming technologies have had positive impact on the business sectors implementing them and thus, have found huge prominence in the market. The consulting industry has been heavily dependent on the skill set of the individual or the team performing the consulting activity. Further, a consulting industry caters to almost all other business sectors. Businesses are highly characterized by the regulatory changes, weather conditions, disposable incomes of the consumer in the region, and the economy of the region. Considering a larger sample, most of these factors follow a particular pattern that would be automated and enable the consultants to deliver results efficiently. These initiative by the market player are enhancing the growth of North America strategy consulting market.
US is anticipated to leads the strategy consulting market across the North America region through the forecast period. US is one of the leading market for strategy consulting in North America. US is an economically advanced country and therefore hosts a continuous improvement in various technologies and infrastructure. Various initiatives being taken regarding the use of Strategy Consulting tools in the healthcare sector, recruitment & training sector in the different regions of the country. IT sector in the US is the largest in the world, and the most advanced. This bolster the North America strategy consulting market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America strategy consulting market in the forecast period:
Mexico Strategy consulting Market Revenue and Forecasts to 2027 (US$ Bn)
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NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR – MARKET SEGMENTATION
By Services
- Corporate Strategy
- Business Model Transformation
- Economic Policy
- Mergers & Acquisitions
- Organizational Strategy
- Functional Strategy
- Strategy & Operations
- Digital Strategy
By Industry Vertical
- IT & Telecommunication
- Healthcare
- BFSI
- Retail
- Manufacturing
By Country
- US
- Canada
- Mexico
Companies Mentioned
- A.T. Kearney, Inc.
- Accenture PLC
- Deloitte Touche Tohmatsu Limited
- Bain & Company
- Ernst & Young Ltd.
- KPMG
- McKinsey & Company
- Mercer LLC
- The Boston Consulting Group
- PwC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Services, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
PART 1. iNTRODUCTION
1.1 The Insight Partners Research Report Guidance
PART 2. North America strategy consulting market - Key takeaways
PART 3. North America Strategy Consulting market Landscape
3.1 market overview
3.2 Market segmentation
3.2.1 North America Strategy Consulting Market – By Services
3.2.2 North America Strategy Consulting Market – By Industry Vertical
3.2.3 North America Strategy Consulting Market – By Country
3.3 North America PEST Analysis
PART 4. North America Strategy Consulting market – key industry dynamics
4.1 key market drivers
4.1.1 Growing Expertise Across Business Sectors
4.1.2 Boost in the Regional Business Diversities Demand for Skilled Driven Consultations and Operations
4.2 Key market restraints
4.2.1 Rising Dependency on the Skills and Expertise
4.3 key market opportunities
4.3.1 Increasing Acceptance of the Performance Based Billing Business Model
4.4 Future trends
4.4.1 Executions of Multi-Sourcing and Automation into Consulting
4.5 impact analysis of Drivers and restraints
PART 5. Strategy Consulting – north america market analysis
5.1 north america Strategy Consulting Market Overview
5.2 North America Strategy Consulting Market Forecast and Analysis
PART 6. North America Strategy Consulting market revenue and forecast to 2025 – Services
6.1 Overview
6.2 North America Strategy Consulting Market Breakdown, By Services, 2017 & 2025
6.3 Corporate Strategy market
6.3.1 Overview
6.3.2 North America Strategy Consulting Market Breakdown, By Corporate Strategy Market Forecast and Analysis
6.4 business Model Transformation market
6.4.1 Overview
6.4.2 North America Strategy Consulting Market Breakdown, By Business Model Transformation Market Forecast and Analysis
6.5 Economic Policy market
6.5.1 Overview
6.5.2 North America Strategy Consulting Market Breakdown, By Economic Policy Market Forecast and Analysis
6.6 Mergers & Acquisitions market
6.6.1 Overview
6.6.2 North America Strategy Consulting Market Breakdown, By Mergers & Acquisitions Market Forecast and Analysis
6.7 Organizational Strategy market
6.7.1 Overview
6.7.2 North America Strategy Consulting Market Breakdown, By Organizational Strategy Market Forecast and Analysis
6.8 Functional Strategy market
6.8.1 Overview
6.8.2 North America Strategy Consulting Market Breakdown, By Functional Strategy Market Forecast and Analysis
6.9 Strategy & operations market
6.9.1 Overview
6.9.2 North America Strategy Consulting Market Breakdown, By Operational Strategy Market Forecast and Analysis
6.10 Digital Strategy market
6.10.1 Overview
6.10.2 North America Strategy Consulting Market Breakdown, By Digital Strategy Market Forecast and Analysis
PART 7. north america Strategy Consulting market revenue and forecast to 2025 – Industry Vertical
7.1 Overview
7.2 north america Strategy Consulting Market Breakdown, By Industry Vertical, 2017 & 2025
7.3 IT & Telecommunication market
7.3.1 Overview
7.3.2 North America Strategy Consulting Market Breakdown, By IT & Telecommunication Market Forecast and Analysis
7.4 Healthcare market
7.4.1 Overview
7.4.2 North America Strategy Consulting Market Breakdown, By Healthcare Market Forecast and Analysis
7.5 BFSI market
7.5.1 Overview
7.5.2 North America Strategy Consulting Market Breakdown, By BFSI Market Forecast and Analysis
7.6 Retail market
7.6.1 Overview
7.6.2 North America Strategy Consulting Market Breakdown, By Retail Market Forecast and Analysis
7.7 Manufacturing market
7.7.1 Overview
7.7.2 North America Strategy Consulting Market Breakdown, By Manufacturing Market Forecast and Analysis
7.8 OTHERS market
7.8.1 Overview
7.8.2 North America Strategy Consulting Market Breakdown, By Others Market Forecast and Analysis
PART 8. north america Strategy Consulting market – country Analysis
8.1 Overview
8.1.1 North America Strategy Consulting Market Breakdown by Key Countries
8.1.1.1 U.S. Strategy Consulting Market Revenue and Forecasts to 2025 (US$ Mn)
8.1.1.2 Canada Strategy Consulting Market Revenue and Forecasts to 2025 (US$ Mn)
8.1.1.3 Mexico Strategy Consulting Market Revenue and Forecasts to 2025 (US$ Mn)
PART 9. Industry Landscape
9.1 Overview
9.2 Market Initiative
9.3 Merger and Acquisition
PART 10. Competitive Landscape
10.1 Competitive Product Mapping
PART 11. north america Strategy Consulting market– company profiles
11.1 A.T. Kearney, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 accenture plc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 Bain & Company, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 The Boston Consulting Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 Deloitte Touche Tohmatsu Limited
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 Ernst & Young Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 KPMG International
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.7.5 Key Developments
11.8 McKinsey & Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 Mercer, LLC
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 SWOT Analysis
11.9.5 Key Developments
11.10 PricewaterhouseCoopers
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments
PART 12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
list of tables
TABLE 1. North America Strategy Consulting Market Revenue and Forecasts to 2025 (US$ Bn)
TABLE 2. North America Strategy Consulting Market Breakdown, By Services 2017 & 2025 (US$ Mn)
TABLE 3. North America Strategy Consulting Market Breakdown, By industry vertical 2017 & 2025 (US$ Mn)
TABLE 4. North America Strategy Consulting Market Breakdown, By country 2017 & 2025 (US$ Mn)
TABLE 5. Glossary of Term: Strategy Consultings Market4
list of figures
FIGURE 1. North America Strategy Consulting Market for digital strategy Sub-segment, 2017 & 2025(US$ MN)
FIGURE 2. north america Strategy Consulting market segmentation
FIGURE 3. north america Strategy Consulting market segmentation – by country
FIGURE 4. north america – pest analysis
FIGURE 5. North America Strategy Consulting Market Impact Analysis of Driver and Restraints
FIGURE 6. North America Strategy Consulting Market Forecast and Analysis
FIGURE 7. North America Strategy Consulting Market Breakdown, By Services, 2017 & 2025 (%)
FIGURE 8. North America Strategy Consulting Market Breakdown, By Corporate Strategy Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 9. North America Strategy Consulting Market Breakdown, By business Model Transformation Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 10. North America Strategy Consulting Market Breakdown, By Economic Policy Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 11. North America Strategy Consulting Market Breakdown, By Mergers & Acquisitions Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 12. North America Strategy Consulting Market Breakdown, By Organizational Strategy Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 13. North America Strategy Consulting Market Breakdown, By Functional Strategy Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 14. North America Strategy Consulting Market Breakdown, By Operational Strategy Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 15. North America Strategy Consulting Market Breakdown, By Digital Strategy Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 16. north america Strategy Consulting Market Breakdown, By Industry Vertical, 2017 & 2025 (%)
FIGURE 17. north america Strategy Consulting Market Breakdown, By IT & Telecommunication Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 18. north america Strategy Consulting Market Breakdown, By Healthcare Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 19. north america Strategy Consulting Market Breakdown, By BFSI Market Revenue and Forecast to 2025
(US$ Mn)
FIGURE 20. north america Strategy Consulting Market Breakdown, By Retail Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 21. north america Strategy Consulting Market Breakdown, By Manufacturing Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 22. north america Strategy Consulting Market Breakdown, By OTHERS Market Revenue and Forecast to 2025 (US$ Mn)
FIGURE 23. North America Strategy Consulting Market Breakdown by Key Countries, 2017 & 2025(%)
FIGURE 24. U.S. Strategy Consulting Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 25. Canada Strategy Consulting Market Revenue and Forecasts to 2025 (US$ MN)
FIGURE 26. Mexico Strategy Consulting Market Revenue and Forecasts to 2025 (US$ Mn)
FIGURE 27. north america Startegy Consulting Market, Industry Landscape (2015-2018) %
The List of Companies
- A.T. Kearney, Inc.
- Accenture PLC
- Deloitte Touche Tohmatsu Limited
- Bain & Company
- Ernst & Young Ltd.
- KPMG
- McKinsey & Company
- Mercer LLC
- The Boston Consulting Group
- PwC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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