Dallas, Texas, April 15, 2019 (GLOBE NEWSWIRE) -- The highly volatile economy in the developed and developing countries is likely to boost the demand for management consulting providers for acquiring assistance in their financial operations.
The global management consulting services market size is likely to reach at USD 343.52 Billion by 2025. The market is experiencing strong growth due to internationalization and the growth of new segments (e.g. design thinking, digital and cybersecurity). At the same time competition among players is reaching to newer heights despite of client ever-changing demands.
The market research report on management consulting services market assess the market demand and scenario for the period ranging from 2015 to 2025. The report highlights the historic trends from 2015 to 2017 and market forecast from 2019 to 2025. The report studies the current status and future prospects of the market at global as well as country level. The global management consulting services market is segmented on the basis of product type, application and geography.
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The report also throws light on various aspects of the management consulting services industry by assessing the market using value chain analysis, PESTEL analysis and Porter’s five forces analysis. The report covers several qualitative aspects of the optical coatings industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local manufacturers.
Primary driving factor for global management consulting market is increasing need for the compliance to regulations, operational efficiency, and technological advancements. Acquisition of midsize strategy companies by leading players has become threat to midsize companies who can’t provide full suite of services. For instance, French corporation Capgemini recently merged its consulting brand with digital and creative businesses. Furthermore, major consultancies have acquired digital marketing agencies to boost their offerings. Accenture spent USD 1 billion to purchase Karmarama. The result is a boost in the implementation of end-to-end customer experiences through customer-focused data analytics and user experience design, among others. Big players such as PricewaterhouseCoopers, IBM, Deloitte, and BCG also incorporated digital design.
The global management consulting market based on service line was dominated by strategy/operation segment, generating a revenue of USD 140.20 billion in 2017. The market segmented on the basis of industry was dominated by others segment which constituted nearly 25% market share. The segment was valued at USD 66.66 billion in 2017 and is likely to attain a healthy growth during the forecast period. The highly volatile economy in the developed and developing economies, the sustained reforms in government regulations are some of the factors that is driving companies to turn to management consulting providers for acquiring assistance in their financial operations. Based on solutions, the IT management consulting segmented generated the highest revenue in 2017.
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The “Global Management Consulting Services Market Size 2017 by Service Line (Strategy/Operations, Transactions, General Business Consulting), by Industry [Financial Services, Healthcare & Life Sciences, Energy, Public Sector, Technology, Media, Communications, Others (Industries (Construction, Real Estate, Hospitality, Private Equity, Consumerial Industry Products, Non-Profit)], by Solution (Digital Management Consulting, IT Management Consulting, Artificial Intelligence, Robotic Process Automation, Block Chain Management Consulting, Others), By Region (US, Canada, Germany, UK, Italy, France, Russia, Spain, Rest of Europe, China, India, Japan, Singapore, Australia, South East Asia and Rest APAC, Latin America, Brazil, Mexico, Egypt, South Africa, Israel, Turkey, GCC, and Rest MEA ) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Business models such as network-based consulting and crowdsourcing are now evolving in management consulting, and are being adopted by emerging players. North America and Europe are highly mature markets and contribute to about three-fourths of the entire consulting revenue. In addition to this, the supplier capabilities to serve complex client requirements in these regions are also high. North America dominated the market generating revenues of USD 107.76 billion in 2017, followed by Europe with USD 93.23 billion. The APAC market, on the other hand, has a relatively lesser market share. The demand for consulting services is being driven by factors such as a need for operational efficiency, compliance with regulations, and technological advancements.
Some of the prominent players in the global management consulting services market include PricewaterhouseCoopers, Ernst & Young, KPMG Consulting, Accenture, IBM Services, McKinsey & Company, Booz Allen Hamilton, Aon Consulting, Affiliated Computer Services (ACS), Bain & Company, Buck Consultants, CA Technologies, Computer Sciences Corporation (CSC), Deloitte Consulting, Gartner, Grant Thornton LLP, Infosys Consulting, Mercer, SAP Systems Integration, ViaNovo among others.
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Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Management Consulting Services Market Overview, By Service Line
Chapter 5. Management Consulting Services Market Overview, By Industry
Chapter 6. Management Consulting Services Market Overview, By Other Industries
Chapter 7. Management Consulting Services Market Overview, By Solution
Chapter 8. Management Consulting Services Market Overview, By Region
Chapter 9. Industry Structure
Chapter 10. Company Profiles
Continued…
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