The strategy consulting market is expected to grow at a remarkable rate as a result of mergers and acquisitions in the projected period. Consolidation of various specialty companies and the necessity to keep product costs under control may necessitate the aid of these firms. Furthermore, restructuring techniques used by businesses and others aiming to expand their operations in the Middle East can have a significant impact on market growth.
The rise in economic growth enabled by the introduction of e-commerce enterprises, as well as an increase in customer spending, may boost demand for strategy consulting. Furthermore, the rise of sectors such as IT and BFSI, as well as increased spending on consultant services, can boost the strategy consulting market. Market opportunities are anticipated to arise as a result of a focus on customer experience and quick delivery of goods.
To keep the 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 competition among IT firms has resulted in an increase in fees, which can encourage the trend. Finally, a scarcity of qualified experts may limit the global Strategy Consulting market expansion.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Services, Organization Size, Industry Vertical, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Accenture, A.T. Kearney, McKinsey & Company, The Boston Consulting Group, Bain & Company, Deloitte Touche Tohmatsu Limited, PwC, Marsh & McLennan Companies Inc., Roland Berger LLC. |
Covid-19 Impact on Strategy Consulting Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Strategy Consulting Market Segment Overview
According to Services, Strategy & Operations is one of the largest segments in the global Strategy Consulting market. The strategy & operations service can perform very well, due to the use of digital and traditional ways to cut operational costs and boost productivity. By Organization Size, the SMEs segment is projected to account for the higher CAGR during the forecast period. This is primarily due to the necessity to comprehend the capital shortage for expansion. The strategy consulting market may benefit from a focus on productivity and managerial training. Based on Industry Vertical, Industry Vertical is a most prominent segment in the market. The competition for customers and the convergence of mobile and fixed services may lead to an increase in consulting services demand.
Strategy Consulting Market, By Services
· Mergers & Acquisitions
· Strategy & Operations
· Organizational Strategy
· Corporate Strategy
· Economic Policy
· Business Model Transformation
· Functional Strategy
· Digital Strategy
Strategy Consulting Market, By Organization Size
· Small and Medium Enterprises (SMEs)
· Large Enterprises
Strategy Consulting Market, By Industry Vertical
· Manufacturing
· IT & Telecommunication
· Retail
· Healthcare
· BFSI
· Others
Strategy Consulting Regional Overview
Geographically, North America is anticipated to dominate the global Strategy Consulting market. This is due to the increased demand for consulting firms and the tightening of cybersecurity regulations. In addition, adherence to digital laws and an emphasis on client privacy can help the regional market growth. Additionally, the market will benefit from the emergence of new businesses and the acceptance of alternative delivery models to meet customer needs.
Strategy Consulting Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Strategy Consulting Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Strategy Consulting are highlighted below.
· In December 2021, Executive search firm ZRG announced it acquired Brimstone Consulting Group LLC, a boutique strategy consulting firm.
· In December 2021, Growth Acceleration Partners (GAP), a strategic technology solutions partner, launches Modernization Advisory Services and Architectural Consulting under its Transformation Services offerings. This launch elevates the company's strategy in offering higher value strategic services. GAP offers actionable recommendations to clients seeking digital transformation, with the capability to deliver these solutions via GAP’s software and data engineering teams.
Strategy Consulting Market, Key Players
· Accenture
· A.T. Kearney
· McKinsey & Company
· The Boston Consulting Group
· Bain & Company
· Deloitte Touche Tohmatsu Limited
· PwC
· Marsh & McLennan Companies Inc.
· Roland Berger LLC
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Strategy Consulting market?
Q2. What are the restraining factors for the Strategy Consulting market?
Q3. Which segment is projected to hold the largest share in the Strategy Consulting Market?
Q4. Which region holds the largest share in the Strategy Consulting market?
Q5. Which are the prominent players in the Strategy Consulting Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Strategy Consulting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Services
- 5.2.1. Mergers & Acquisitions
- 5.2.2. Strategy & Operations
- 5.2.3. Organizational Strategy
- 5.2.4. Corporate Strategy
- 5.2.5. Economic Policy
- 5.2.6. Business Model Transformation
- 5.2.7. Functional Strategy
- 5.2.8. Digital Strategy
- 5.3. Market Analysis, Insights and Forecast – By Organization Size
- 5.3.1. Small and Medium Enterprises (SMEs)
- 5.3.2. Large Enterprises
- 5.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 5.4.1. Manufacturing
- 5.4.2. IT & Telecommunication
- 5.4.3. Retail
- 5.4.4. Healthcare
- 5.4.5. BFSI
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Strategy Consulting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Services
- 6.2.1. Mergers & Acquisitions
- 6.2.2. Strategy & Operations
- 6.2.3. Organizational Strategy
- 6.2.4. Corporate Strategy
- 6.2.5. Economic Policy
- 6.2.6. Business Model Transformation
- 6.2.7. Functional Strategy
- 6.2.8. Digital Strategy
- 6.3. Market Analysis, Insights and Forecast – By Organization Size
- 6.3.1. Small and Medium Enterprises (SMEs)
- 6.3.2. Large Enterprises
- 6.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 6.4.1. Manufacturing
- 6.4.2. IT & Telecommunication
- 6.4.3. Retail
- 6.4.4. Healthcare
- 6.4.5. BFSI
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Strategy Consulting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Services
- 7.2.1. Mergers & Acquisitions
- 7.2.2. Strategy & Operations
- 7.2.3. Organizational Strategy
- 7.2.4. Corporate Strategy
- 7.2.5. Economic Policy
- 7.2.6. Business Model Transformation
- 7.2.7. Functional Strategy
- 7.2.8. Digital Strategy
- 7.3. Market Analysis, Insights and Forecast – By Organization Size
- 7.3.1. Small and Medium Enterprises (SMEs)
- 7.3.2. Large Enterprises
- 7.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 7.4.1. Manufacturing
- 7.4.2. IT & Telecommunication
- 7.4.3. Retail
- 7.4.4. Healthcare
- 7.4.5. BFSI
- 7.4.6. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Strategy Consulting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Services
- 8.2.1. Mergers & Acquisitions
- 8.2.2. Strategy & Operations
- 8.2.3. Organizational Strategy
- 8.2.4. Corporate Strategy
- 8.2.5. Economic Policy
- 8.2.6. Business Model Transformation
- 8.2.7. Functional Strategy
- 8.2.8. Digital Strategy
- 8.3. Market Analysis, Insights and Forecast – By Organization Size
- 8.3.1. Small and Medium Enterprises (SMEs)
- 8.3.2. Large Enterprises
- 8.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 8.4.1. Manufacturing
- 8.4.2. IT & Telecommunication
- 8.4.3. Retail
- 8.4.4. Healthcare
- 8.4.5. BFSI
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Strategy Consulting Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Services
- 9.2.1. Mergers & Acquisitions
- 9.2.2. Strategy & Operations
- 9.2.3. Organizational Strategy
- 9.2.4. Corporate Strategy
- 9.2.5. Economic Policy
- 9.2.6. Business Model Transformation
- 9.2.7. Functional Strategy
- 9.2.8. Digital Strategy
- 9.3. Market Analysis, Insights and Forecast – By Organization Size
- 9.3.1. Small and Medium Enterprises (SMEs)
- 9.3.2. Large Enterprises
- 9.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 9.4.1. Manufacturing
- 9.4.2. IT & Telecommunication
- 9.4.3. Retail
- 9.4.4. Healthcare
- 9.4.5. BFSI
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Accenture
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. A.T. Kearney
- 10.6. McKinsey & Company
- 10.7. The Boston Consulting Group
- 10.8. Bain & Company
- 10.9. Deloitte Touche Tohmatsu Limited
- 10.10. PwC
- 10.11. Marsh & McLennan Companies Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
