2020 Management Consulting Market Industry Trends And Top Key Players Analysis Report | TBRC

Management Consulting Market - By Type (Operations Advisory, Financial Advisory, Technology Advisory, Strategy And Hr Advisory), By Country, And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global management consulting market expected to reach a value of nearly $977.3 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.6% since 2014, and is expected to grow at a CAGR of 10.6% to nearly $1,460.2 billion by 2022.

The key driver of the management consulting market includes:
Digital Consulting To Drive Growth – Integration of analytics, cloud, media and social media with business models is expected to drive the management consulting market during the forecast period. Digital consulting services are the fastest growing segment within the consulting industry, and are forecast to increase by more than 60% from 2015 to 2020. This will increase the market for cyber security, IT transformation and social media marketing, and boost the digital consulting services market in the forecast period.

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Management Consulting Market Segmentation:
The management consulting market is segmented by type of service, by end-use industry and by geography.
By Service Type- The management consulting market can be segmented by type of service into
a) Operations Advisory
b) HR Advisory
c) Strategy
d) Financial Advisory
e) Technology Advisory
Financial advisory had the highest growth rate of nearly 10.1% during the historic period. The fastest growth in the historic period can be attributed to reemergence of ‘mega mergers’, along with a low interest environment creating the opportunity for ambitious financial planning.

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By Geography - The management consulting (MC) market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in management consulting (MC) market are
• Deloitte Touche Tohmatsu Limited
• Accenture Plc
• International Business Machines Corporation
• Ernst & Young Global Limited
• PricewaterhouseCoopers (PwC)

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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