Global Consulting Services Market by Type (Data Consultancy, Content and Conference for Banking, Business Valuations and Exit Planning, Others), By Applications (Large Enterprise, Small and Medium Enterprises), By Geography, Global Forecast 2020-2026

January 2020
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global consulting services market bwc19386

Global Consulting Services Market: An Overview

Consulting Services generally support services provided for better and informed decisions. The term consultancy broadly undertakes valuations, data accumulation, advisory, and reporting to support the other person in making an informed choice. The scale of consultancy can vary, ranging from an individual client to large corporations and also undertake various industrial segments such as financials, management, and IT. The global consulting services market has values worth USD 250 billion and is expected to show robust growth over the forecasted period. The growth of the global consultancy services market is parallel to the growth of the economy. In flourishing and developed economies, the organizations with higher revenue and budgets support larger consultancies in return setting the growth of the market. In 2019, the global consulting market showed growth due to the high demand for strategic services and operational management services. The global consultancy market projected a CAGR of 4.1 percent in 2019.

Global Consulting Services Market: Market Dynamics

The global consultancy services market showed tremendous growth in the operations industry, accounting for nearly 30 percent of the market, followed by the financial advisory market. The strategy services market accounted for a 15 percent share. The rest of the percentage was occupied by HR consulting, technology consulting, and IT consulting. The growth of the market can be attributed to factors such as globalization, consolidation, developments in laws, and legalizations and technological development. Digital and business model disruption has also been a significant factor contributing to the growth of the market. Consultancy services support the organizations and help improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Organizations seek for support from consultancies in order to gain external advice and access the specialized consultants.

Operational Efficiency and innovation in the consultancy sector along with the changes in government and legal regulations have been propelling the expansion of the global consulting services market in 2019 and is expected to grow over the forecasted period. Another key growth driver has been the acquisition of midsize strategy companies by leading players to provide for growth of the consultancy sector. The need for rising consultancy services can be credited to the increasing market ecosystem, the need for developing business capabilities for meeting and exceeding the evolving requirements are surging the growth of strategy consulting market wherein evolving new business models at high pace than traditional companies structure has been one major driving force for the global consulting services market.

Global Consulting Services Market: Market Segmentation

On the basis of type, the global consulting services market can be classified as Data Consultancy, Content and Conference for Banking, Business Valuations and Exit Planning, and Others. On the basis of Applications, the global consulting services market can be segregated as Large Enterprise, Small, and Medium Enterprises. In 2019, the data consultancy market segment accounted for the largest share in the global consultancy services market. Business Valuations and banking consultancy are expected to emerge as two key segments in the global consulting services market for the forecasted period.

Global Consulting Services Market: Regional Landscape

North America, Europe, and Asia-Pacific are the key regions where the presence of the global consulting services market can be witnessed. North America consulting services market contributed the highest share to the global consulting services market and was valued worth 604 million in 2019 and is expected to reach USD 870 million in 2026. The growth of the region can be attributed to factors such as the presence of major consultancy service organizations in the region and government support. Europe is expected to emerge as another key region in the global consulting services market in the forecasted period owing to factors such as globalization, consolidation, developments in laws and legalizations, and technological development.

Global Consulting Services Market: Key Market Players

Broadridge Financial Solutions, GFT, FinTech Network, Actualize consulting, Fospha, SkySparc, Valley Valuations and TABB Group are some of the key market players in the global consulting services market.

Business Questions Answer by the Report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with a detailed classification?

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players.

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis

·         Additional country analysis

·         Detailed segment analysis


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