The global strategy consulting market worth USD 140 billion in 2017 and is anticipated is to showcase 11.6% CAGR during forth coming years. The market is project to be USD 336 billion by 2026. The worldwide strategy consulting market is majorly driven by surge in demand for strategic advisory particularly for the large organizations.
Demand for strategic consulting and planning in extremely competitive environs and to grow business capabilities to encounter & surpass the developing requirements are the key drivers which assist in increasing the growth market while speedily evolving innovative business modal at fastest speed than out-dated companies structure act as a foremost limiting factor for global strategy consulting market. Partnership with companies outside consulting is expected to add new growth opportunities for global strategy consulting market during forthcoming years.
The global strategy consulting industry is segregated into organization size, services, industry verticals, and region. Based on the organization size the global strategy market is segmented into small & medium sized organization and large sized enterprises. Based on the industry vertical the global strategy consulting market is segmented into BFSI, It & telecommunication, healthcare, manufacturing, retail, and others. Based on the service, the global strategy consulting market is segmented into digital strategy, operational strategy, corporate strategy, economic policy, business model transformation, functional strategy, mergers & acquisitions, and organizational strategy. In terms of the region, the market is segregated into Europe, Latin America, North America, and Asia Pacific.
North America holds the significant share of the overall strategy consultant industry due to the presence of the Silicon Valley, wherein Asia Pacific region is relied upon to observe quickest development rate attributable to fast mechanical happening the specific area. Pursued by North America, Europe is foreseen to catch second biggest share of the global strategy consulting market owing to rapid industrialization in developing European economies.
The major players operating in the global strategy consulting market PwC., Booz Allen Hamilton, Accenture PLC, Bain & Company, McKinsey & Company, CGI Group Inc., KPMG,BCG, Deloitte and CSC.