The Business Research Company’s management consulting global market opportunities and strategies to 2022, covers the year-on-year growth of the global management consulting market historic and forecast growth. It also includes chapters on the management consulting market trends, geographical analysis, and competitive landscape.
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The global management consulting market is forecast to grow at a CAGR (compound annual growth rate) of around 5.9% to 2022.
Management Consulting Market Trends
Management consulting services provide advice and assistance on organization planning, financial budgeting, marketing strategies, human resource practices, administration policies and production and logistics scheduling. Such services include solutions for administrative management issues, strategic and organizational planning, business process improvement, human resource and personnel policies, marketing planning and strategy development, productivity improvement, quality assurance and quality control.
Services are now being split into several individual components and sold separately rather than bundled together. There has been a growing trend from clients to pick and choose service elements that can be executed in house and allocate the rest to specific service providers. This approach is called modularization of services and is a response to clients that a single firm would not be able to handle the complexity of a large project and hence wanting four to five firms to collaborate. Alternatively, the client may want to break down the project into various small components that can be allocated to specialized professional firms. Management consulting service providers are collaborating with specialized consulting companies to increase their market share and expertize.
The global management consulting market is primarily driven by regulatory reforms in the financial sector, outsourcing back end operations to low cost economies and positive economic trends.
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The global management consulting 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.
With public private investments, digital consulting to drive growth, emerging economies and globalization, the global management consulting market is expected to increase in potential and scope. TBRC’s report also covers the management consulting drivers and restraints in the market.
The global management consulting 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 global management consulting market report are Deloitte, Accenture, PwC, Ernst & Young Global Limited, and KPMG International Cooperative.
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