The Business Research Company’s global management consulting services market analysis covers the year-on-year growth of the global management consulting services market historic and forecast growth. It also includes chapters on the management consulting services market trends, geographical analysis, and competitive landscape.
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The global management consulting services market is forecast to grow at a CAGR (compound annual growth rate) of around 5.77% to 2020.
Management Consulting Services Market Segmentation
According to TBRC’s global management consulting services market research, the market is split by segments into operations advisory, financial advisory, strategy advisory, Hr advisory and technical advisory.
Financial advisory services was the largest segment in the global management consulting services market accounting for 28.4% of the global management consulting services market. Financial advisory segment provides advises on money issues such as investments, mortgages and insurances to help individuals with their finances. These advises are given by professional advisors in the finance department.
Operations advisory was the second largest segment in the management consulting services market accounting for 28.1% of the global management consulting services market. Operations advisory segment improves an organization’s value chain through their implementation services.
Strategy advisory segment guides the organizations on what to do to achieve its end goals rather than doing it.
Hr advisory segment involves advising customers and clients on hiring new staff and managing the existing ones.
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Financial advisory is expected to grow at a CAGR of 7.39%; the reemergence of ‘mega mergers’ during this period has helped drive growth in the demand for financial advisory, along with a low interest environment creating the opportunity for ambitious financial planning.
Operations advisory had the second highest CAGR of 6.44% .This is mainly due to the growing demand for outsourcing, increasing supply chain productivity, changing cost structures and integrating consultancy on advanced technologies such as big data analytics and automation.
The global management consulting services market report covers the following regions under the geographical analysis section: Asia pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global management consulting services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Deloitte LLP, IBM Global Business Services, PwC LLP, Ernst & Young LLP and KPMG LLP.
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