Global Business Management Consulting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Business Management Consulting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Business management consulting refers to a service activity in which business management experts use scientific methods to find out the problems in business management based on investigation and analysis, propose specific improvement plans, and guide the implementation to help companies improve their business management. These services include administrative problem-solving, strategy and organization plans, business process improvement, human resources and personnel policies, formulation of marketing plans and strategies, productivity improvement, quality assurance and quality control, etc.

Market Overview:

The latest research study on the global Business Management Consulting market finds that the global Business Management Consulting market reached a value of USD 198463.0 million in 2022. It’s expected that the market will achieve USD 285313.67 million by 2028, exhibiting a CAGR of 6.24% during the forecast period.

According to historical data, the development of the consulting industry is closely related to the development of the global economy. During the economic boom, organizations enjoy higher revenues and budgets, which provide a funding basis for increased consulting expenditures. Conversely, an economic downturn usually causes organizations to reduce spending, which leads to budget cuts, including consulting spending.

The impact of COVID-19 on the global economy has been fully proven. In recent years, the global business management consulting business has been growing at a steady rate. However, due to the epidemic, the industry has encountered obstacles this year. It is expected that the global economy will decline and will seriously affect the business management consulting industry.

With the global economy falling into recession, downstream customers tend to delay or suspend projects. For business management consulting companies, 2020 will be a difficult year.

Traditionally, after an economic downturn, downstream customers will turn to management consultants to optimize budgets, seek help to adapt to new market conditions and create value. As the epidemic is gradually contained and the economy gradually recovers, most companies will need strategies to re-enter the market and formulate financial plans. Business management consulting companies can provide professional knowledge and guidance.

Enterprises have higher and higher requirements for the professional competence of management consultants

On the one hand, management consulting practitioners not only need to have higher analytical skills, communication skills and professional ethics, but also need to have more professional knowledge and rich experience. On the other hand, because the management consulting industry in emerging markets is still in the developing stage and the barriers to entry are low, many practitioners have not received specialized training and systematic training, and high-quality management consulting talents are still scarce.

National policy support for management consulting industry

The management consulting industry not only provides strong support and guarantee for the company, it is also a talent-knowledge-intensive industry, an important part of the tertiary industry, and an important industry that countries around the world are competing for development. It has become a measure of a countrys economic development. An important criterion of degree and economic strength.

Region Overview:

North America dominated the Business Management Consulting market in 2020, with a market share of 40.9%.

Company Overview:

Deloitte Consulting is one of the major players operating in the Business Management Consulting market, holding a share of 11.61% in 2020.

Deloitte Consulting

Deloitte Consulting offers consulting services. The Company provides consulting services in the areas of human capital, strategy, audit, financial advisory, tax, management, and technology integration. Deloitte Consulting serves clients worldwide.

PwC

Pwc provides professional services. The company offers business advisory services such as auditing, accounting, taxation, strategy management, and human resource consulting services. Pwc serves the aerospace, defense, automotive, energy, government, hospitality, insurance, banking, consumer markets, health care, and transportation industries worldwide.

Segmentation Overview:

By type, Operations Advisory segment accounted for the largest share of market in 2021.

Operations Advisory

Operations Advisory refers to the process of helping customers develop operational strategies and improve production and service. The core is to analyze the operational capabilities of the company with different focuses, formulate operational strategies, implement business process improvements, and improve operational efficiency in accordance with the companys competitive strategy.

Financial Advisory

Financial advisory refers to a series of consulting services that propose specific improvement measures and guide their implementation based on the company's strategic requirements for financial management and the company's actual situation.

Technology Advisory

Technology Advisory is a client-driven approach with a suite of IT support services, including professional advice backed by world-class expertise and in line with the changing technology trends.

Strategy Advisory

Strategic advisory refers to the provision of consulting services in the fields of management, decision-making, market and forecasting for enterprises.

HR Advisory

Human resources advisory mainly analyzes the development and management of human resources in enterprises, helps enterprises find out the weak links in human resources management, and then proposes effective reform plans.

Application Overview:

The market's largest segment by application is the segment 2000-5000 Million, with a market share of 37.48% in 2021.

Key Companies in the global Business Management Consulting market covered in Chapter 3:

Ramboll Group
IBM Global Business Service
Barkawi Management Consultants
Oliver Wyman
Pöyry PLC
Booz Allen Hamilton
Capgemini
McKinsey
Bain and Company
Roland Berger
Delitte Consulting
Implement Consulting Group
The Boston Consulting Group
Altman Solon
L.E.K. Consulting
EY
KPMG
PwC
A.T. Kearney
Accenture

In Chapter 4 and Chapter 14.2, on the basis of types, the Business Management Consulting market from 2018 to 2029 is primarily split into:

Operations Advisory
Financial Advisory
Technology Advisory
Strategy Advisory
HR Advisory

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Business Management Consulting market from 2018 to 2029 covers:

Below 2000 Million
2000-5000 Million
Above 5000 Million

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)