Press release
Global Organization And Change Management Consulting Market to Reach $2.26 Billion by 2029, Growing at 8.2% CAGR
Organization And Change Management Consulting Market
The rising emphasis on sustainability is anticipated to fuel the expansion of the organization and the change management consulting market. The term sustainability corresponds to addressing the requirements of the current generation without inhibiting future generations' capacity to fulfill their needs. The surging demand for sustainability is backed by various critical factors like escalating consciousness amongst consumers, investors, and stakeholders regarding the environmental and social effects of commercial undertakings, and the enduring economic advantages of sustainability. Sustainability provides myriad opportunities for organization and change management consulting to impart value to firms through strategic counsel, inducing organizational transformation, enabling performance enhancement, and improving stakeholder participation. For instance, in February 2024, as per the statistics revealed by the TravelPerk Report, a Spain-based travel-management firm and innovator in the future of corporate travel, it was estimated that about 98% of corporations on the S&P 500 index issued sustainability reports in 2022, witnessing a rise from 96% in 2021, indicating a growing attention towards sustainability within businesses. Hence, the rising focus on sustainability is steering the growth of the organization and change management consulting market.
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What is the projected compound annual growth rate (CAGR) of the organization and change management consulting market from 2025 to 2034, and what factors influence it?
There has been robust growth in the organization and change management consulting market size in the past few years. It is projected to swell from $1.52 billion in 2024 to $1.65 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.6%. This significant expansion in the historic period can be ascribed to a surge in demand for inulin supplements, burgeoning needs for organization and change management consulting services, the advent of remote work requirements in organizations, and enhanced employee engagement and dedication towards organizational objectives.
The market for organizational and change management consultancy is projected to witness robust growth in the coming years. The market valuation is expected to reach $2.26 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth during the forecast period include the rising emphasis on corporate social responsibility and sustainability, an increase in global illness rates, stricter AS9100 quality standards, as well as growing adoption of homecare and personal care products, and increase in technology-related expenditure. The forecast period is likely to see key trends such as technological advancements, adoption of cloud-based solutions, application of new change management strategies, improvement in overall technological infrastructures, and the shift towards agile frameworks.
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How are the latest trends influencing the growth of the organization and change management consulting market?
Leading corporations in the organizational and change management consulting market are introducing innovative, high-tech solutions, such as a new suite of services that employ generative AI to enhance strategic planning and operational efficiency. The services provided under artificial intelligence (AI) encompass a broad array of solutions, methodologies, and technologies empowering machines to mimic human cognitive abilities like learning, problem-solving, and decision-making. For example, accenture* plc, a US-based firm specializing in IT services, rolled out a comprehensive suite of new services in November 2023. It is aimed at aiding businesses in modifying and leveraging the potential of generative AI. Inclusively, these services offer a unique generative AI model switchboard, enabling users to pick models based on varied parameters such as cost, accuracy, or business context. In addition, the services provide customization of substantial language models (LLMs) for special use cases and data sources, coupled with managed services for ongoing fine-tuning and timely engineering.
What are the major segments of the organization and change management consulting market and their role in driving growth?
The organization and change management consulting market covered in this report is segmented -
1) By Service Type: Strategy Development, Organizational Change, Technology Adoption, Process Improvement, Leadership Development
2) By Consulting Approach: Agile Change Management, Traditional Change Management, Others
3) By Emerging Trends: Sustainability, Remote Work, Diversity, Inclusion
4) By Industry Vertical: Healthcare, Financial Services, Manufacturing
Subsegments:
1) By Strategy Development: Business Strategy, Digital Transformation Strategy, market Entry And Expansion Strategy, Mergers And Acquisitions Strategy, Competitive Strategy
2) By Organizational Change: Change Management Planning And Implementation, Organizational Design & Restructuring, Employee Engagement And Communication, Culture Transformation, Workforce Transition And Reskilling
3) By Technology Adoption: IT System Integration, Cloud Migration, Enterprise Resource Planning (ERP) Implementation, AI And Automation Adoption, Cybersecurity Solutions
4) By Process Improvement: Lean Six Sigma Implementation, Operational Efficiency Optimization, Business Process Reengineering (BPR), Quality Management Systems, Continuous Improvement Programs
5) By Leadership Development: Executive Coaching And Mentoring, Leadership Training And Workshops, Succession Planning, High-Potential Leadership Programs, Team Leadership And Collaboration Development
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Which regions are key players in the growth of the organization and change management consulting market?
North America was the largest region in the organization and change management consulting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the organization and change management consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the organization and change management consulting market?
Major companies operating in the organization and change management consulting market are Hitachi Consulting Corporation, Deloitte Touche Tohmatsu Limited, accenture* plc, International Business Machines Corporation (IBM), PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited (EY), KPMG International Cooperative, Tata Consultancy Services Ltd., Capgemini SE, Cognizant Technology Solutions Corporation, Aon Hewitt LLC, Atos Consulting, The Boston Consulting Group Inc., McKinsey & Company Inc., CGI Inc., Willis Towers Watson plc, Booz Allen Hamilton Holding Corporation, Bain & Company Inc., Genpact Ltd., Oliver Wyman Group, Mercer LLC, Arthur D. Little Inc., Simon-Kucher & Partners Strategy & Marketing Consultants GmbH, Buck Global LLC, PA Consulting Group Ltd., Intellecap Advisory Services Pvt. Ltd., Kapronasia Limited, SINICA CONSULTING, PricewaterhouseCoopers (PwC), A.T. Kearney Inc
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What Is Covered In The Organization And Change Management Consulting Global Market Report?
•Market Size Forecast: Examine the organization and change management consulting market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the organization and change management consulting market for a structured understanding.
•Key Players Overview: Analyze major players in the organization and change management consulting market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the organization and change management consulting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the organization and change management consulting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the organization and change management consulting market.
•Industry Challenges: Identify potential risks and obstacles affecting the organization and change management consulting market.
•Competitive Landscape: Review strategic developments in the organization and change management consulting market, including expansions, agreements, and new product launches.
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