Strategy Consulting Market
Strategy Consulting Market Forecasts to 2030 - Global Analysis By Service Type (Corporate Strategy, Business Strategy, Operational Strategy, Digital Strategy, Financial Strategy and Other Service Types), Engagement Type, Client Type, End User and By Geography
According to Stratistics MRC, the Global Strategy Consulting Market is accounted for $49.4 billion in 2024 and is expected to reach $92.0 billion by 2030 growing at a CAGR of 10.9% during the forecast period. Strategy consulting is a type of management consulting that focuses on advising companies on high-level strategic decisions to improve their competitiveness and profitability in the long term. Strategy consultants work with C-suite executives to understand a company's goals and objectives, research and analyze issues, identify challenges and opportunities, and make recommendations on what the company should do. They provide an unbiased perspective, introduce frameworks and best practices, and help validate a company's strategy before significant resources are invested.
Market Dynamics:
Driver:
Intensifying demand for niche advisory services
The market is witnessing an intensifying demand for niche advisory services, driven by the need for specialized expertise across various industries. This trend is particularly evident in sectors like healthcare and technology, where rapid changes necessitate agile and innovative strategies. Established firms and emerging boutique consultancies are responding by offering customized services that cater to the unique needs of clients, thereby enhancing their competitive edge in a dynamic marketplace.
Restraint:
Security concerns and data privacy issues
Security concerns and data privacy issues significantly hinder the market by eroding client trust and increasing compliance costs. As firms handle sensitive information, the risk of data breaches and misuse can deter organizations from engaging external consultants, fearing potential legal repercussions and reputational damage. Consequently, these challenges can limit market growth and deter innovation within the consulting sector, as firms prioritize security over strategic initiatives.
Opportunity:
Increasing globalization in consulting projects
Increasing globalization in consulting projects significantly shapes the strategy consulting market by expanding the scope and complexity of client needs. As businesses operate across borders, they encounter diverse regulatory environments, cultural differences, and market dynamics, necessitating specialized advice for successful international expansion. This trend not only drives demand for strategic services but also fosters collaboration among firms worldwide, enhancing their ability to deliver tailored solutions to a broader clientele.
Threat:
Significant involvement of strategy consultants
The significant involvement of strategy consultants in corporate operations can lead to several negative effects within the market. As consultants become deeply integrated into client organizations, they may inadvertently blur the lines between advisory and operational roles, leading to conflicts of interest. Furthermore, such close engagement may raise concerns about confidentiality and data security, as sensitive information is shared, potentially exposing firms to legal and reputational risks if mishandled.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market by accelerating digital transformation and altering business priorities. As companies faced unprecedented disruptions, demand for strategic guidance surged, particularly in areas like crisis management, remote work, and digitalization. The market also saw a shift toward shorter, more flexible engagements, as businesses sought to adapt quickly to the rapidly changing environment, emphasizing resilience and agility.
The corporate strategy segment is expected to be the largest during the forecast period
The corporate strategy is expected to be the largest during the forecast period. Consultants assist companies in formulating strategies to enhance competitive advantage, optimize operations, and navigate complex market dynamics. This involves analyzing market trends, assessing internal capabilities, and advising on mergers, acquisitions, and restructuring. Corporate strategy consulting is crucial for aligning a company's vision with actionable plans, enabling businesses to achieve sustainable growth and adapt to changing market conditions.
The financial services segment is expected to have the highest CAGR during the forecast period
The financial services segment is expected to have the highest CAGR during the forecast period. Financial Services in the Market involve advising banks, insurers, and investment firms on optimizing performance, managing risks, and navigating regulatory changes. Consultants help financial institutions develop strategies for growth, digital transformation, and customer engagement. They also provide expertise in areas such as capital management, mergers and acquisitions, and cost reduction.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by a strong demand for expertise in digital transformation, innovation, and market entry strategies. Major industries like technology, healthcare, and financial services seek consulting services to navigate complex regulatory environments and competitive landscapes. The region's mature market is characterized by a high concentration of global consulting firms, catering to large corporations and government entities.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Businesses are investing in digital technologies and requiring consulting services to navigate digital transformation. Companies expanding into new markets or regions need strategic advice to understand local conditions and regulations. Shifts in regulatory environments drive the need for compliance and strategic adjustments. Ongoing economic shifts and technological advancements continue to fuel the demand for strategic insights, ensuring market growth.
Key players in the market
Some of the key players in Strategy Consulting market include McKinsey & Company, The Boston Consulting Group (BCG), Bain & Company, Deloitte Consulting, Infosys Consulting, KPMG Advisory, Accenture, Berkeley Research Group, Celerant Consulting, Cognizant Technology Solutions, IBM Global Business Services, Tata Consultancy Services, Ernst & Young Advisory, Capgemini Consulting and Mars & Co.
Key Developments:
In August 2024, Infosys announced an expanded strategic collaboration with ServiceNow to provide end-to-end managed services, leveraging AI capabilities of the Now Platform and the Infosys Enterprise Service Management Café (ESM Café) for enterprise business transformation.
In June 2024, McKinsey has announced the launch of a new capability with SAP: Value Finder. Informed by the digital transformation roadmap and approach described in Rewired: The McKinsey guide to outcompeting in the age of digital and AI, Value Finder rapidly analyzes and prioritizes thousands of potential process-optimization opportunities for clients.
Service Types Covered:
• Corporate Strategy
• Business Strategy
• Operational Strategy
• Digital Strategy
• Financial Strategy
• Other Service Types
Engagement Types Covered:
• Project-Based
• Retainer-Based
• Time and Materials
Client Types Covered:
• Large Enterprises
• Small and Medium Enterprises (SMEs)
• Public Sector
End Users Covered:
• Healthcare
• Financial Services
• Technology
• Manufacturing
• Retail
• Energy
• Government
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Strategy Consulting Market, By Service Type
5.1 Introduction
5.2 Corporate Strategy
5.3 Business Strategy
5.4 Operational Strategy
5.5 Digital Strategy
5.6 Financial Strategy
5.7 Other Service Types
6 Global Strategy Consulting Market, By Engagement Type
6.1 Introduction
6.2 Project-Based
6.3 Retainer-Based
6.4 Time and Materials
7 Global Strategy Consulting Market, By Client Type
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium Enterprises (SMEs)
7.4 Public Sector
8 Global Strategy Consulting Market, By End User
8.1 Introduction
8.2 Healthcare
8.3 Financial Services
8.4 Technology
8.5 Manufacturing
8.6 Retail
8.7 Energy
8.8 Government
8.9 Other End Users
9 Global Strategy Consulting Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 McKinsey & Company
11.2 The Boston Consulting Group (BCG)
11.3 Bain & Company
11.4 Deloitte Consulting
11.5 Infosys Consulting
11.6 KPMG Advisory
11.7 Accenture
11.8 Berkeley Research Group
11.9 Celerant Consulting
11.10 Cognizant Technology Solutions
11.11 IBM Global Business Services
11.12 Tata Consultancy Services
11.13 Ernst & Young Advisory
11.14 Capgemini Consulting
11.15 Mars & Co.
List of Tables
1 Global Strategy Consulting Market Outlook, By Region (2022-2030) ($MN)
2 Global Strategy Consulting Market Outlook, By Service Type (2022-2030) ($MN)
3 Global Strategy Consulting Market Outlook, By Corporate Strategy (2022-2030) ($MN)
4 Global Strategy Consulting Market Outlook, By Business Strategy (2022-2030) ($MN)
5 Global Strategy Consulting Market Outlook, By Operational Strategy (2022-2030) ($MN)
6 Global Strategy Consulting Market Outlook, By Digital Strategy (2022-2030) ($MN)
7 Global Strategy Consulting Market Outlook, By Financial Strategy (2022-2030) ($MN)
8 Global Strategy Consulting Market Outlook, By Other Service Types (2022-2030) ($MN)
9 Global Strategy Consulting Market Outlook, By Engagement Type (2022-2030) ($MN)
10 Global Strategy Consulting Market Outlook, By Project-Based (2022-2030) ($MN)
11 Global Strategy Consulting Market Outlook, By Retainer-Based (2022-2030) ($MN)
12 Global Strategy Consulting Market Outlook, By Time and Materials (2022-2030) ($MN)
13 Global Strategy Consulting Market Outlook, By Client Type (2022-2030) ($MN)
14 Global Strategy Consulting Market Outlook, By Large Enterprises (2022-2030) ($MN)
15 Global Strategy Consulting Market Outlook, By Small and Medium Enterprises (SMEs) (2022-2030) ($MN)
16 Global Strategy Consulting Market Outlook, By Public Sector (2022-2030) ($MN)
17 Global Strategy Consulting Market Outlook, By End User (2022-2030) ($MN)
18 Global Strategy Consulting Market Outlook, By Healthcare (2022-2030) ($MN)
19 Global Strategy Consulting Market Outlook, By Financial Services (2022-2030) ($MN)
20 Global Strategy Consulting Market Outlook, By Technology (2022-2030) ($MN)
21 Global Strategy Consulting Market Outlook, By Manufacturing (2022-2030) ($MN)
22 Global Strategy Consulting Market Outlook, By Retail (2022-2030) ($MN)
23 Global Strategy Consulting Market Outlook, By Energy (2022-2030) ($MN)
24 Global Strategy Consulting Market Outlook, By Government (2022-2030) ($MN)
25 Global Strategy Consulting Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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