Strategy Advisory Market Provides In-Depth Analysis of the Industry, With Current Trends and Future Estimations (2020-2023)
The global strategy advisory market is expected to increase from $155.23 billion in 2019 to $163.43 billion in 2020 at a compound annual growth rate (CAGR) of 5.29%. The slowed growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The market is then expected to recover and reach $226.91 billion in 2023 at a CAGR of 11.56%.
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The strategy advisory market consists of the sales of strategic advisory services by entities (organizations, sole traders and partnerships) the provide consulting services that aim to increase client’s revenues, profit margins, market share and competitive advantage. Clients consult strategy advisors to seek advice on developing new markets, market entry and expansion strategies and reimagining their business models.
The high cost associated with strategic advisory services is expected to limit the growth of the strategy advisory market. Different types of services and functions are offered by strategic advisory firms as an expensive package. For instance, a typical strategy case costs between $500,000 and $1.2 million. The high-cost variances occur because of the premium that the brand commands, the length of the case, and the number of consultants required to do the work. Thus, the higher cost of hiring a strategic advisor will negatively impact the market.
Strategy Advisory Market Segmentation:
1. Corporate Strategy
2. Business Model Transformation
3. Economic Policy
4. Mergers & Acquisitions
5. Organizational Strategy
6. Functional Strategy
7. Strategy & Operations
8. Digital Strategy
By End Use
1. IT & Telecommunication
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Few Points From Table Of Content
1. Executive Summary
2. Strategy Advisory Market Characteristics
3. Strategy Advisory Market Size And Growth
4. Strategy Advisory Market Segmentation
5. Strategy Advisory Market Regional And Country Analysis
25. Strategy Advisory Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Strategy Advisory Market
27. Strategy Advisory Market Trends And Strategies
28. Strategy Advisory Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the strategy advisory market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the strategy advisory market are A.T. Kearney Inc., Accenture PLC, Deloitte, Bain & Company, Ernst & Young Ltd., KPMG, McKinsey & Company, The Boston Consulting Group, McKinsey & Company, Mercer, PwC, Capgemini, Grant Thornton, IBM, L.E.K., Oliver Wyman Group.
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