Hyderabad, Aug. 08, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Middle East & Africa Management Consulting Services Market Report (2023-2028)," the market is estimated at USD 9.75 billion in 2023. It is expected to register a CAGR of 4.20% during the forecast period.
The main purpose of a management consultancy firm is to boost the overall efficiency of an organization. A consultancy examines the functioning and process of an organization to detect existing organizational inefficiencies. These inefficiencies can include high raw material expenses and HR policies.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 9.75 billion |
| Market Size (2028) | USD 11.98 billion |
| CAGR (2023-2028) | 4.20% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape, and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | Strong development in the economy. |
| Regulatory changes in the financial sector. |
Who are the Top Companies in the Middle East & Africa Management Consulting Services Market?
The market is moderately fragmented, with the presence of both local and international players. Notable players in the Middle East & African management consulting services market are,
- Ernst & Young Global Limited
- Deloitte Touche Tohmatsu Limited
- Mckinsey & Company
- Arif Kitchlew Management Consultancy (AKMC)
- Decision Management Consultants LLC
- Proclipse Consulting
- Alpha Equity Management Consultancy
- Vrri Consultancy
- Kaizen Consulting Group DMCC
- A&Z Management Consultants
- Affility Consulting
- NH Management
- PricewaterhouseCoopers LLP
- KPMG
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Key Highlights from the Middle East & Africa Management Consulting Services Market Report:
Healthcare and Life Sciences Sector Expected to Dominate the Market
- A healthcare consulting firm provides its services to organizations belonging exclusively to the healthcare industry.
- The healthcare and life sciences industries benefit from a wide range of services offered by consulting firms, which may include healthcare transformation, patient safety, and digital IT.
A Significant Market Share is Held by Saudi Arabia
- Pertaining to the strategies implemented by the government and organizations, the management consulting services market in Saudi Arabia has grown significantly in recent years.
- The main driver of the market in Saudi Arabia is Saudi Vision 2030, which is a comprehensive strategy aimed at reducing the country’s dependency on oil and setting up new organizations.
What are the Latest Developments in the Middle East & Africa Management Consulting Services Market?
- In April 2023, a partnership was announced between Clausematch and Varri Consultancy. The purpose of the partnership was to combine expertise with technology to offer clients top-notch advisory services.
- In January 2023, a dedicated legal practice was established by EY as an expansion of its MENA law offering.
Mordor Intelligence has Segmented the Middle East & Africa Management Consulting Services Market Based on Service Type, End-User Industry, and Country:
- By Service Type (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Operations Consulting
- Strategy Consulting
- Financial Advisory
- Technology Advisory
- Other Service Types
- By End-User Industry (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Financial Services
- Life Sciences and Healthcare
- IT and Telecommunications
- Government
- Energy
- Other End-User Industries
- By Country (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Saudi Arabia
- United Arab Emirates
- Qatar
- South Africa
- Rest of Middle East & Africa
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Middle East & Africa Management Consulting Services Market Report (2023-2028).
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About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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