Operations Consulting Market Report 2024 (Global Edition)

Global Operations Consulting Market Report 2024 Market Size Split by Organization Size (Large Enterprises, Small & Medium-Sized Enterprises), by Industry Vertical (BFSI, IT & Telecom, Manufacturing, R...

Operations Consulting Market Report Description

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Operations Consulting Market Insights Video

Competitive Landscape of the Operations Consulting Market

In the operations consulting market's competitive landscape, numerous key competitors are driving innovation and growth. Market rivalry is encouraging technological and design innovations to create operations consulting that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In January 2024, Bain & Company, which was also recognized as a leader, continues to prioritize operations optimization services. Bain has focused on incorporating sustainability into its operations consulting, assisting businesses in optimizing their supply chains while placing a heavy emphasis on environmental effects. (Source: https://www.bain.com/about/media-center/press-releases/2024/bain--company-named-as-a-leader-in-idc-marketscape--worldwide-operations-improvement--consulting-services-2023-2024-vendor-assessment/) In 2024, KPMG was noted for taking a patient and realistic approach to operations consulting. KPMG has announced its "Connected. Powered. Trusted." suite, which uses digital tools to help firms improve fundamental processes such as finance and procurement. (Source: https://kpmg.com/us/en/articles/2024/recognized-worldwide-leader-operations.html)

Top Companies Market Share in Operations Consulting Industry: (In no particular order of Rank)

• Deloitte
• PricewaterhouseCoopers
• KPMG International
• IBM Global Services
• McKinsey and Company
• Tata Consultancy Services
• Ernst & Young Global Limited
• AT. Kearney Inc.
• The Hackett Group
• Cognizant Technology Solutions
• Infosys Consulting
• Bain & Company
• Boston Consulting Group
• Accenture
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Operations Consulting Market

Which Region Dominates the Operations Consulting Market in 2024?

According to cognitive market research, North America currently dominates the operations consulting market, and the region is expected to have significant growth during the projected period. One of the key causes is the prevalence of businesses such as healthcare, banking, and technology in the United States and Canada, which rely extensively on consulting services to simplify processes, decrease costs, and increase efficiencies. Furthermore, North American businesses are eager to adopt modern technologies like automation, artificial intelligence, and data analytics, creating a demand for expert assistance in integrating these technologies into corporate operations.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's tremendous economic growth, particularly in China, India, and Southeast Asia, has raised the demand for operational efficiency across all industries. Many firms are implementing digital transformation plans to remain competitive, necessitating consultancy experience in process optimization, supply chain management, and technological integration.

The current report Scope analyzes Operations Consulting Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Operations Consulting

According to cognitive market research, the global operations consulting market size was estimated at USD 330254.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 132101.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to cognitive market research, the US had a major share in the operations consulting market with a market size of USD 104228.23 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The U.S. market's stringent governmental regulations.
• The Canada operations consulting market had a market share of USD 15852.20 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico operations consulting market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 12021.25 million in 2024.

Europe Operations Consulting

According to cognitive market research, the global operations consulting market size was estimated at USD 330254.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 99076.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom operations consulting market had a market share of USD 16644.81 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, operations consulting sales witness an upswing due to the increasing awareness among people.
• The France operations consulting market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 9115.02 million in 2024.
• According to cognitive market research, the German operations consulting market size was valued at USD 19617.10 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, operations consulting surged due to the Increased focus of the major market players.
• The Italy operations consulting market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 8520.56 million in 2024.
• The Russia operations consulting market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 15356.82 million in 2024.
• The Spain operations consulting market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 8124.25 million in 2024
• The Luxembourg operations consulting market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 3071.36 million in 2024.
• The Portugal operations consulting market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 2080.60 million in 2024.
• The Greece operations consulting market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 1188.92 million in 2024.
• The Rest of Europe's operations consulting market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 15356.82 million in 2024.

Asia Pacific Operations Consulting

According to cognitive market research, the global operations consulting market size was estimated at USD 330254.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 75958.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to cognitive market research, the China operations consulting market size was valued at USD 34181.31 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Operations consulting surged in China due to the increased focus of the major market players.
• The Japan operations consulting market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 10482.27 million in 2024.
• The India operations consulting market had a market share of USD 9115.02 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's rising awareness among the populations .
• The South Korean operations consulting market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 7595.85 million in 2024.
• The Australian operations consulting market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 3949.84 million in 2024.
• The South East Asia operations consulting market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 5241.13 million in 2024.
• The Rest of Asia Pacific operations consulting market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 5393.05 million in 2024.

South America Operations Consulting

According to cognitive market research, the global operations consulting market size was estimated at USD 330254.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 16512.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to cognitive market research, the Brazil operations consulting market size was valued at USD 7067.44 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Operations consulting flourished in Brazil due to increasing demand among the people.
• Argentina's operations consulting market had a market share of USD 2774.14 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's rising awareness among the population.
• Colombia's operations consulting market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 1469.63 million in 2024.
• Peru's operations consulting market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 1354.04 million in 2024.
• Chile's operations consulting market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 1188.92 million in 2024.
• The Rest of Latin America's operations consulting market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 2658.55 million in 2024.

Middle East and Africa Operations Consulting

According to cognitive market research, the global operations consulting market size was estimated at USD 330254.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 6605.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..

• The GCC Countries operations consulting market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 2826.98 million in 2024. Operations consulting sales flourish due to the presence of major market players.
• The Egypt operations consulting market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 693.53 million in 2024.
• The South Africa operations consulting market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 1043.60 million in 2024. Operations consulting sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey operations consulting market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 568.04 million in 2024.
• The Nigeria operations consulting market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 693.53 million in 2024.
• The Rest of the MEA operations consulting market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 779.40 million in 2024.

Operations Consulting Market Analysis

Operations Consulting Market Organization Size Segment Analysis

According to cognitive market research, large enterprises' operations consulting is likely to dominate the operations consulting market over the forecast period; this is because they have the financial resources, vast operational complexities, and larger-scale projects that necessitate in-depth consulting services to improve operations, decrease costs, and increase efficiency. Large businesses frequently seek operations consulting to manage supply chains, simplify operations, and integrate modern technology, driving demand for these services.

Small & medium-sized enterprises are the fastest-growing segment in the operations consulting market. Their involvement is increasing, particularly with the advent of digital transformation and the need for more agile and cost-effective solutions, although huge corporations continue to hold the majority.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Operations Consulting Industry. Request a Free Sample PDF!

Operations Consulting Market Industry Vertical Segment Analysis

According to cognitive market research, the BFSI segment holds the largest share of the market. The BFSI sector, in particular, has experienced a high demand for consulting services to optimize operations, manage risks, and adapt to quickly changing technology such as blockchain and AI. There is a high demand for operational efficiency, digital transformation, and regulatory compliance.

In the operations consulting market, healthcare has been expanding at a rapid pace. Growth is being driven by rising demand for efficiency in patient care, the adoption of new technology, regulatory constraints, and the need to limit costs, particularly in the aftermath of the epidemic. The push for digitization, AI integration, and operational optimization in healthcare institutions all contribute to this rapid rise.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Operations Consulting Application Segment Analysis

Operations Consulting Market Application Segment Analysis

According to cognitive market research, the supply chain segment holds the largest market share. This expansion is being driven by an increased demand for strategic solutions to optimize supply chains, improve efficiency, and reduce costs, particularly in the aftermath of the COVID-19 pandemic.

In the operations consulting market, the rapidly growing sector is the financial operations category. Especially in industries that emphasize financial management and cash flow optimization. This area is experiencing increased demand due to the necessity of financial stability and efficiency in today's company environment.

• Supply Chain
• Financial operations
• Human Resource Operations
• Project Management
• Process Management
• Manufacturing Operations
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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