Strategy Consulting Market size to grow by USD 70.08 billion from 2022 to 2027, North America is estimated to account for 36% of the market growth - Technavio

NEW YORK, April 6, 2023 /PRNewswire/ -- The strategy consulting market is estimated to grow by USD 70.08 billion from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 17.63% during the forecast period. North America is estimated to account for 36% of the global strategy consulting market growth. As a result of the expansion of new research firms and the accessibility of various databases, several business analysis tools have emerged. These tools enable businesses to gather useful data for a fraction of the price charged by strategy consultants. This may result in the local strategy consulting market experiencing significant disruption. However, strategy consultancies continue to have a market niche, as most Fortune 500 companies still choose to work with a strategy consultancy firm rather than a market research firm. This is due to the former's credibility and the latter's ability to serve as a one-stop shop for all of their consulting requirements, ranging from marketing consulting to legal consulting. The simplicity of virtualization, dynamic scaling, and administrative task automation facilitates the widespread use of Software as a service (SaaS) provided by strategy consulting firms. The adoption of SaaS in a number of North American industries is boosted by its advantages. SaaS is used in various industries, including BFSI, manufacturing, retail, and government, as a one-stop shop for numerous businesses. Several businesses and organizations in North America adopt SaaS solutions suggested by strategy consulting firms as a result of digitalization. Hence, such factors are expected to further drive the market during the forecast period. For comprehensive details on the market size of historic period (2017 to 2021) and forecast period (2023-2027) - View a Sample report

Strategy Consulting Market - Vendor Landscape
The strategy consulting market is fragmented. The vendors compete with each other to gain a larger market share. The market is growing, and there are opportunities new entrants. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Request a Sample Report!

Market Dynamics

Major Drivers & Challenges- The market is driven by factors such as the rising need for improved customer digital experience, maintaining sustainable competitive advantage, and the use of multi-sourcing models and custom-made solutions by strategy consulting firms. However, challenges such as the increased risks related to data security and privacy hinder market growth.

• The rising need for improved customer digital experience drives market growth significantly. Strategy consulting companies experience constant pressure to provide services that meet changing client demands while remaining competitively priced. This prompts businesses to boost the effectiveness of their marketing campaigns and operations by educating the target audience. Marketing automation software analyzes company-wide marketing data using facts and provides statistical alerts in order for businesses to make informed decisions about marketing investments. To offer complete visibility of marketing initiatives, period effectiveness, and associated costs, additional resources are incorporated by the software. Hence, factors such as marketing automation and effective management of customers will fuel the global market's expansion during the forecast period. 
• The growing risks related to data security and privacy are major challenges impeding the strategy consulting market growth. Cloud-based marketing automation software is an easy and affordable way to manage marketing consulting. Organizations upload data or information to the cloud only if the services are dependable and secure. As a result, strategy consulting firms depend more on cloud computing service providers. Data misuse or manipulation is a possibility due to the high risk of information leakage and may give rise to a number of security and legal issues involving the infrastructure of the organization, access control, risk management, auditing and logging, and regulatory and legal compliance. Hence, factors such as data security and privacy issues may hinder the market growth during the forecast period.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Key Trends- AI and automation in strategy consulting are emerging trends that fuel market growth. AI-powered data helps organizations make quick decisions and stay ahead of the competition in a market that is constantly changing. The growing number of emerging AI businesses to meet the rising demand for strategic advice is likely to fuel the growth of the strategy consulting market. AI and automation are two disruptive technologies crucial to informatization, streamlining administrative procedures, and increasing productivity. This makes it easier to collect a lot of unstructured data from different business departments such as marketing, sales, and finance. Hence, such advantages of AI and automation will drive the market growth of the strategy consulting market.

Technavio has identified key trends, drivers, and challenges in the market, which will
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Report

Company Profiles

The strategy consulting market report includes information on the product launches, sustainability, and prospects of leading vendors, including A.T. Kearney Inc., Accenture Plc, Bain and Co. Inc., Booz Allen Hamilton Holding Corp., Boston Consulting Group Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Infosys Ltd., International Business Machines Corp., KPMG International Ltd., Marsh and McLennan Companies Inc., McKinsey and Co., Oracle Corp., Roland Berger Holding GmbH, Tata Consultancy Services Ltd., The Hackett Group Inc., Ernst and Young Global Ltd., and PricewaterhouseCoopers LLP.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Strategy Consulting Market - Market Segmentation

This report extensively covers the strategy consulting market segmentation by end-user (large enterprises and SMEs), type (business strategy consulting, operations consulting, investment consulting, and technology consulting), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

What are the key data covered in this Strategy Consulting Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the strategy consulting market between 2022 and 2026
• Precise estimation of the size of the strategy consulting market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the strategy consulting market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of strategy consulting market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global strategy consulting market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global strategy consulting market 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Large enterprises - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 6.4 SMEs - Market size and forecast 2022-2027 
• Exhibit 38: Chart on SMEs - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on SMEs - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ billion)
• Exhibit 43: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Business strategy consulting - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Business strategy consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Business strategy consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Business strategy consulting - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Business strategy consulting - Year-over-year growth 2022-2027 (%)

• 7.4 Operations consulting - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Operations consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Operations consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Operations consulting - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Operations consulting - Year-over-year growth 2022-2027 (%)

• 7.5 Investment consulting - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Investment consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Investment consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Investment consulting - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Investment consulting - Year-over-year growth 2022-2027 (%)

• 7.6 Technology consulting - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Technology consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Technology consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Technology consulting - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Technology consulting - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ billion)
• Exhibit 65: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 A.T. Kearney Inc.
• Exhibit 119: A.T. Kearney Inc. - Overview
• Exhibit 120: A.T. Kearney Inc. - Product / Service
• Exhibit 121: A.T. Kearney Inc. - Key offerings

• 12.4 Accenture Plc
• Exhibit 122: Accenture Plc - Overview
• Exhibit 123: Accenture Plc - Business segments
• Exhibit 124: Accenture Plc - Key offerings
• Exhibit 125: Accenture Plc - Segment focus

• 12.5 Bain and Co. Inc.
• Exhibit 126: Bain and Co. Inc. - Overview
• Exhibit 127: Bain and Co. Inc. - Product / Service
• Exhibit 128: Bain and Co. Inc. - Key offerings

• 12.6 Boston Consulting Group Inc. 
• Exhibit 129: Boston Consulting Group Inc. - Overview
• Exhibit 130: Boston Consulting Group Inc. - Product / Service
• Exhibit 131: Boston Consulting Group Inc. - Key offerings

• 12.7 Capgemini Service SAS 
• Exhibit 132: Capgemini Service SAS - Overview
• Exhibit 133: Capgemini Service SAS - Business segments
• Exhibit 134: Capgemini Service SAS - Key news
• Exhibit 135: Capgemini Service SAS - Key offerings
• Exhibit 136: Capgemini Service SAS - Segment focus

• 12.8 Deloitte Touche Tohmatsu Ltd. 
• Exhibit 137: Deloitte Touche Tohmatsu Ltd. - Overview
• Exhibit 138: Deloitte Touche Tohmatsu Ltd. - Business segments
• Exhibit 139: Deloitte Touche Tohmatsu Ltd. - Key offerings
• Exhibit 140: Deloitte Touche Tohmatsu Ltd. - Segment focus

• 12.9 Ernst and Young Global Ltd. 
• Exhibit 141: Ernst and Young Global Ltd. - Overview
• Exhibit 142: Ernst and Young Global Ltd. - Product / Service
• Exhibit 143: Ernst and Young Global Ltd. - Key offerings

• 12.10 International Business Machines Corp. 
• Exhibit 144: International Business Machines Corp. - Overview
• Exhibit 145: International Business Machines Corp. - Business segments
• Exhibit 146: International Business Machines Corp. - Key offerings
• Exhibit 147: International Business Machines Corp. - Segment focus

• 12.11 KPMG International Ltd. 
• Exhibit 148: KPMG International Ltd. - Overview
• Exhibit 149: KPMG International Ltd. - Business segments
• Exhibit 150: KPMG International Ltd. - Key news
• Exhibit 151: KPMG International Ltd. - Key offerings
• Exhibit 152: KPMG International Ltd. - Segment focus

• 12.12 Marsh and McLennan Companies Inc. 
• Exhibit 153: Marsh and McLennan Companies Inc. - Overview
• Exhibit 154: Marsh and McLennan Companies Inc. - Business segments
• Exhibit 155: Marsh and McLennan Companies Inc. - Key offerings
• Exhibit 156: Marsh and McLennan Companies Inc. - Segment focus

• 12.13 McKinsey and Co.
• Exhibit 157: McKinsey and Co. - Overview
• Exhibit 158: McKinsey and Co. - Product / Service
• Exhibit 159: McKinsey and Co. - Key offerings

• 12.14 Oracle Corp.
• Exhibit 160: Oracle Corp. - Overview
• Exhibit 161: Oracle Corp. - Business segments
• Exhibit 162: Oracle Corp. - Key news
• Exhibit 163: Oracle Corp. - Key offerings
• Exhibit 164: Oracle Corp. - Segment focus

• 12.15 PricewaterhouseCoopers LLP 
• Exhibit 165: PricewaterhouseCoopers LLP - Overview
• Exhibit 166: PricewaterhouseCoopers LLP - Product / Service
• Exhibit 167: PricewaterhouseCoopers LLP - Key offerings

• 12.16 Roland Berger Holding GmbH 
• Exhibit 168: Roland Berger Holding GmbH - Overview
• Exhibit 169: Roland Berger Holding GmbH - Product / Service
• Exhibit 170: Roland Berger Holding GmbH - Key offerings

• 12.17 Tata Consultancy Services Ltd. 
• Exhibit 171: Tata Consultancy Services Ltd. - Overview
• Exhibit 172: Tata Consultancy Services Ltd. - Business segments
• Exhibit 173: Tata Consultancy Services Ltd. - Key news
• Exhibit 174: Tata Consultancy Services Ltd. - Key offerings
• Exhibit 175: Tata Consultancy Services Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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