Press release
Strategy Consulting Market Outlook to 2025 - Ernst & Young Ltd, A.T. Kearney, Accenture, Deloitte Touche Tohmatsu Limited, Bain & Company, KPMG, McKinsey & Company, Mercer, The Boston Consulting Group, PwC
Strategy Consulting Market Growth Potentially Worth USD 91.38 Billion by 2025
Rise in the Business Diversities is influencing the Growth of Strategy Consulting Market, which is expected to grow at a CAGR of 9.9%
The key industry players operating in strategy consulting market globally include A.T. Kearney, Inc., Accenture PLC, Delloite, Bain & Company, Ernst & Young Ltd., KPMG, McKinsey & Company, Mercer LLC, The Boston Consulting Group, and PwC among others. Several other participants are also operational in global strategy consulting market that offers its customers with robust software and solutions, thereby catalyzing the demand of strategy consulting market.
Driving factors such as rising competence across business sectors driving the needs for consulting and gain competitive edge, and increasing regional business diversities demand for skilled driven consultations and implementations are anticipated to have a huge impact on the development of strategy consulting market in the coming years.
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. Geographies around the globe are characterized by 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.
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Altogether, these factors require deep and focused study before nay strategy formulation for tapping. Hence, hiring a strategy consultant firm for performing the activity of studying the market has become a necessity for small and large organizations. It also, gives the organizations leverage to employ their own resources at different tasks other than researching. The research work coupled with strategy formulation part is outsourced to the consulting firm which can be cost effective for the client in the longer term post successful implementation of the business.
The global strategy consulting market is experiencing an exponential growth with regards to the innovations, business models, investments, and deployment models in the current scenario and is anticipated to rise in the coming years. The market for strategy consulting consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced product to the customers. These well-established players in the strategy consulting market along with a plethora of new entrants in the market comprise of myriad tools, and techniques for strategy consulting and present different solutions for the customers to solve the complex situations and put in-line the business operations strategies.
Businesses today are characterized by a highly volatile and uncertain environment, where the need to consult an expert in the field for strategies best practices in the business and gauge the challenges put forth by the regulatory frameworks and competitors has become mandatory. This need has led to the proliferation of the consulting business throughout the globe.
APAC is expected to be the fastest growing region in the strategy consulting market. The major reason for this is the presence of a huge number of companies coupled with some favorable Government policies encouraging the setup of businesses in the region. Also, the availability of abundant human resource at inexpensive rates has lured business across different sectors to explore the APAC region and reap maximum benefits. Geographically, North America will have the largest share in the strategy consulting market by 2025, owing to rapid technological developments, numerous investments and supportive Government policies.
The report segments the global strategy consulting market as follows:
Global Strategy Consulting Market - By Services
Corporate Strategy
Business Model Transformation
Economic Policy
Mergers & Acquisitions
Organizational Strategy
Functional Strategy
Strategy & Operations
Digital Strategy
Global Strategy Consulting Market - By Industry Vertical
IT & Telecommunication
Healthcare
BFSI
Retail
Manufacturing
Others
Global Strategy Consulting Market - By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
Australia
China
India
Japan
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
Qatar
Oman
Bahrain
UAE
Kuwait
South America (SAM)
Brazil
Rest of SAM
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