The Europe Consulting Services Market size is estimated at USD 126.5 billion in 2024, and is expected to reach USD 156.09 billion by 2029, growing at a CAGR of 4.29% during the forecast period (2024-2029).
With a rapid acceptance of hybrid work and accelerating digital change. As a result, clients expect their consultants and consulting companies to emphasize digitalization and capitalize on the advantages of digital transformation technologies. While management consulting has traditionally been labor-intensive, firms increasingly adopt AI technologies to execute core tasks such as research and analysis.
The European consulting services market is fragmented, with local and international players having decades of industry experience. The vendors are integrating a competitive strategy by utilizing their expertise and also spending a large chunk of the amount on advertising. Some players include Deloitte Touche Tohmatsu LLP, Ernst & Young Global Limited, KPMG, Boston Consulting Group, and PricewaterhouseCoopers LLP.
November 2023 - KPMG has partnered with the Berlin-based AI company Parloa. The partnership offers clients comprehensive services for implementing and using AI-based customer service. The platform can handle many conversations simultaneously via telephone or chat and perform tasks such as information queries or authentication quickly and accurately, enabling companies to increase the efficiency of their customer service and avoid waiting times for customers.
October 2023 - KYX (combining Know Your Client with Know Your Cargo) by Deloitte, powered by Nexxiot. Deloitte, known for its comprehensive range of services, including audit, consulting, financial advisory, risk management, tax, and legal services, has partnered with Nexxiot, an expert in digitalizing supply chain assets, such as shipping containers and railcars. Nexxiot's network of sensors and artificial intelligence capabilities offer valuable insights into supply chain inefficiencies, reducing uncertainty and operational costs.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook