Strategy Consulting Market Report 2024 (Global Edition)

Global Strategy Consulting Market Report 2024 Market Size Split by Service Type (Corporate Strategy, Business Model Transformation, Economic Policy, Mergers and Acquisitions, Organizational Strategy, ...

Strategy Consulting Market Report Description

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Strategy Consulting Market Insights Video

Competitive Landscape of the Strategy Consulting Market

The strategy consulting marketplace is rather aggressive, featuring a mixture of set-up companies and niche players. Major worldwide companies like McKinsey, Bain, and BCG dominate, supplying complete services across numerous industries. Additionally, smaller consultancies and boutique firms provide specialized expertise, frequently specializing in precise sectors or revolutionary solutions. The upward push of virtual consulting companies and era-pushed techniques has further intensified competition, compelling all gamers to distinguish through particular fee propositions and superior purchaser relationships.

In October 2022, With the opening of its sixth office in the German-speaking DACH region, Bain & Company now has six locations in Vienna. This is influencing the user experience in Europe and enabling the firm to provide strategic and transformative advisory services to its corporate and private equity clients in various industries. Source: https://www.forcepoint.com/cyber-edu/data-security In October 2022, Capgemini acquired two European consultancies: Quorsus, a British consultancy that specializes in capital markets Corporate Strategy for UK financial institutions, and Quantmetry, a privately held French consulting firm that specializes in data science. By supporting customers in the manufacturing, retail, consumer goods, energy, and insurance industries, the purchase will strengthen Capgemini's position in artificial intelligence and data consulting. Source: https://www.capgemini.com/news/press-releases/capgemini-signs-agreement-to-acquire-quantmetry-to-enrich-its-ai-and-data-consulting-capabilities-in-france/

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

• Accenture Plc
• Bain and Co. Inc.
• Booz Allen Hamilton Holding Corp.
• Boston Consulting Group Inc.
• Capgemini Service SAS
• CGI Inc.
• Cognizant Technology Corporate Strategy Corp.
• Deloitte Touche Tohmatsu Ltd.
• Ernst and Young Global Ltd.
• Infosys Ltd.
• International Business Machines Corp.
• KPMG International Ltd.
• Marsh and McLennan Companies Inc.
• McKinsey and Co.
• Oracle Corp.
• PricewaterhouseCoopers LLP
• Roland Berger Holding GmbH
• Tata Consultancy Services Ltd.
• The Hackett Group Inc.
• Confidential Data
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*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 Strategy Consulting Market

Which Region Dominates the Strategy Consulting Market in 2024?

According to Cognitive Market Research, North America currently dominates the Strategy Consultings market, and the region is expected to have significant growth during the projected period. The strategy consulting marketplace in North America is experiencing a considerable increase, driven by increasing demand for virtual transformation, statistics analytics, and progressive commercial enterprise solutions. Companies are looking for professional steerage to navigate complex challenges, decorate operational performance, and increase sustainable strategies due to heightened opposition and investment in consulting offerings across the location.

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 strategy consulting marketplace in the Asia-Pacific region is unexpectedly expanding, fueled by financial growth, digital innovation, and globalization. Businesses are increasingly seeking professional guidance to adapt to marketplace dynamics, enhance operational performance, and pursue sustainable growth strategies, resulting in a surge of demand for consulting offerings throughout numerous industries.

The current report Scope analyzes Strategy 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 Strategy Consulting

According to Cognitive Market Research, the global Strategy Consulting market size was estimated at USD 39541.5 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 15816.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Strategy Consulting market with a market size of USD 12479.30 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. The U.S. market's economic growth.
• The Canada Strategy Consulting market had a market share of USD 1897.99 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Canada’s digital transformation.
• The Mexico Strategy Consulting market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 1439.31 million in 2024.

Europe Strategy Consulting

According to Cognitive Market Research, the global Strategy Consulting market size was estimated at USD 39541.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 11862.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.

• The United Kingdom Strategy Consulting market had a market share of USD 1992.89 million in 2024 and is projected to grow at a CAGR of 11.1% during the forecast period. In the UK, Strategy Consulting sales witness an upswing due to the regulatory changes.
• The France Strategy Consulting market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 1091.35 million in 2024.
• According to Cognitive Market Research, the German Strategy Consulting market size was valued at USD 2348.77 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. In Germany, Strategy Consulting surged due to the globalization trends.
• The Italy Strategy Consulting market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 1020.17 million in 2024.
• The Russia Strategy Consulting market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 1838.68 million in 2024.
• The Spain Strategy Consulting market is projected to witness growth at a CAGR of 9.4% during the forecast period with a market size of USD 972.72 million in 2024
• The Luxembourg Strategy Consulting market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 367.74 million in 2024.
• The Portugal Strategy Consulting market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 249.11 million in 2024.
• The Greece Strategy Consulting market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 142.35 million in 2024.
• The Rest of Europe's Strategy Consulting market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 1838.68 million in 2024.

Asia Pacific Strategy Consulting

According to Cognitive Market Research, the global Strategy Consulting market size was estimated at USD 39541.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 9094.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Strategy Consulting market size was valued at USD 4092.55 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Strategy Consulting surged in China due to mergers and acquisitions.
• The Japan Strategy Consulting market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 1255.05 million in 2024.
• The India Strategy Consulting market had a market share of USD 1091.35 million in 2024 and is projected to grow at a CAGR of 15.6% during the forecast period. India's market competition.
• The South Korean Strategy Consulting market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 909.456 million in 2024.
• The Australian Strategy Consulting market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 472.92 million in 2024.
• The South East Asia Strategy Consulting market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 627.52 million in 2024.
• The Rest of Asia Pacific Strategy Consulting market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 645.71 million in 2024.

South America Strategy Consulting

According to Cognitive Market Research, the global Strategy Consulting market size was estimated at USD 39541.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1977.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Strategy Consulting market size was valued at USD 846.19 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Strategy Consultings flourished in Brazil due to innovation demands.
• Argentina's Strategy Consulting market had a market share of USD 332.15 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Argentina's sustainability initiatives.
• Colombia Strategy Consulting market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 175.96 million in 2024.
• Peru Strategy Consulting market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 162.12 million in 2024.
• Chile Strategy Consulting market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 142.35 million in 2024.
• The Rest of Latin America's Strategy Consulting market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 318.31 million in 2024.

Middle East and Africa Strategy Consulting

According to Cognitive Market Research, the global Strategy Consulting market size was estimated at USD 39541.5 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 790.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031..

• The GCC Countries Strategy Consulting market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 338.48 million in 2024. Strategy Consulting sales flourish due to the talent management.
• The Egypt Strategy Consulting market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 83.04 million in 2024.
• The South Africa Strategy Consulting market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 124.95 million in 2024. Strategy Consulting sales flourished in South Africa due to risk management strategies.
• The Turkey Strategy Consulting market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 68.01 million in 2024.
• The Nigeria Strategy Consulting market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 83.04 million in 2024.
• The Rest of the MEA Strategy Consulting market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 93.32 million in 2024.

Strategy Consulting Market Analysis

Strategy Consulting Market Service Type Segment Analysis

According to Cognitive Market Research, Corporate Strategy are likely to dominate the Strategy Consulting Market over the forecast period. The corporate approach is riding to increase in the strategy consulting marketplace as companies prioritize long-term plans and aggressive positioning. Companies are looking for consultants to align their desires with market traits, optimize aid allocation, and beautify innovation. This recognition of strategic alignment fosters an extended call for consulting offerings, making sure of sustainable increase and flexibility.

The Business Model Transformation is the fastest-growing segment in the Strategy Consulting Market. Business model transformation is propelling growth inside the strategy consulting market as groups adapt to evolving market needs and technological advancements. Consultant help corporations redefine their price propositions, optimize operations, and integrate digital solutions. This emphasis on innovation and flexibility fosters increased demand for expert guidance in navigating complicated transitions.

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 Strategy Consulting Industry. Request a Free Sample PDF!

Strategy Consulting Market Organization Size Segment Analysis

According to Cognitive Market Research, the Large Enterprises segment holds the largest share of the market. Large organizations are riding a boom within the strategy consulting market as they seek to enhance operational efficiency, innovate, and navigate complicated, demanding situations. With vast resources and a focal point on strategic alignment, these groups increasingly depend on specialists to implement transformative projects, optimize overall performance, and maintain a competitive edge in dynamic markets.

In the Strategy Consulting Market, the Small and Medium-sized Enterprises has been expanding at a rapid pace. Small and medium-sized enterprises (SMEs) are increasingly contributing to the growth of the strategy consulting marketplace as they apprehend the need for expert guidance in scaling operations and enhancing competitiveness. Consultants offer tailor-made techniques to assist SMEs in navigating challenges, implementing digital solutions, and capitalizing on new possibilities, fostering sustainable growth.

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

Strategy Consulting Industry Vertical Segment Analysis

Strategy Consulting Market Industry Vertical Segment Analysis

According to Cognitive Market Research, IT and Telecom segment holds the largest market share. The IT and telecom sectors are driving the boom within the strategy consulting market as corporations seek to leverage rising technologies and optimize operations. Consultants offer an understanding of digital transformation, cybersecurity, and community performance, helping companies adapt to fast changes, enhance service delivery, and beautify client experiences in a competitive panorama.

In the Strategy Consulting market, the rapidly growing sector is BFSI. The Banking, Financial Services, and Insurance (BFSI) zone is propelling an increase inside the strategy consulting marketplace as companies are seeking to navigate regulatory adjustments, decorate danger management, and adopt virtual improvements. Consultants provide specialized insights to optimize operations, improve consumer engagement, and increase robust techniques for sustainable growth in an aggressive environment.

• IT and Telecom
• BFSI
• Energy and Utilities
• Healthcare and Pharma
• Manufacturing
• Government and Public Sector
• Retail and Ecommerce
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion