The Middle East and African management consulting service is expected to register a CAGR of 4.29% over the forecast period. The market is studied based on the revenue generated from management consulting services across the Middle East and Africa.
There is an increased need for management consulting services due to strong economic development, regulatory changes in the financial sector, outsourcing back-end operations to low-cost economies, and public investments. Faster economic growth, the introduction of digital consulting, and the increase of globalization are expected to accelerate the market's growth in the region.
Business management consultants are still figuring out new business models and digital technology. To retain a positive market outlook, consultancies plan to implement comprehensive digital strategies and remodel existing business and operational techniques.
The consulting services business is undergoing a digital transformation. There are several opportunities to improve client experience. Educating customers on using analytics is becoming a vital component of modern consulting. Consultants are learning new skills to keep ahead of the disruption.
New consulting firms are emerging where virtual business models are being used, supported by cutting-edge technology that enables them to accomplish more with less. Simultaneously, as technology advances, corporate clients are increasingly eager to solve more complex problems in-house, providing new difficulties for global consulting companies as outsourcing becomes less required. Clients may increasingly grasp better how their profession operates in real-time, free, or at a much-reduced cost.
During the COVID-19 pandemic, the region's technical progress reached a particular level. Every job, from management to operations, has been riding the tide of the technological revolution. With assistance from consulting services, time and money spent by management and project teams on meetings, logistics, resources, and operations are managed more productively. The end-user industry participants recognized the value of management consulting services during the pandemic and are anticipated to be assisted in optimizing resources in the post-pandemic situation.
The Middle East and Africa management consulting services market is highly fragmented, with significant players like Ernst & Young Global Limited, Deloitte Touche Tohmatsu Limited, Mckinsey & Company, Akmc Management Consultancy, and Decision Management Consultants. The major players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In October 2022, Deloitte Touche Tohmatsu Limited announced the formation of a new business in Egypt as part of Deloitte Middle East. The decision follows a mutual agreement to terminate the association with Saleh, Barsoum& Abdel Aziz ("SBA") for both businesses to pursue their different objectives in Egypt. Specific clients, projects, and audit and tax team members are expected to migrate to the new Deloitte business, while SBA would keep most of its clients, operations, and people. This relocation is part of Deloitte's continuing reorganization of its Middle East operations.
In September 2022, Várri Consultancy, a Dubai-based boutique consulting firm, announced it was a leader on the ratings and reviews platform Clutch's annual list of the top B2B service providers in the UAE.
1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview 4.2 Industry Attractiveness - Porter's Five Forces Analysis 4.2.1 Bargaining Power of Suppliers 4.2.2 Bargaining Power of Buyers 4.2.3 Threat of New Entrants 4.2.4 Threat of Substitute Products 4.2.5 Intensity of Competitive Rivalry 4.3 Assessment of the Impact of COVID-19 on the Market 4.4 Trend Analysis of the Various Sectors of Financial Advisory Services 4.5 Analysis of the Growing Use of Data Analytics in Management Consultancy Services Globally 4.6 Analysis of the Impact of Industry 4.0 and Digital Transformation-related Practices on the Market 5 MARKET DYNAMICS 5.1 Market Drivers 5.1.1 Growing Investment in Emerging Technologies is Surging Companies’ Growth Strategy 5.1.2 Adoption of BI and Advanced Data Management Strategies Across Multiple End-user Domains 5.2 Market Restraints 5.2.1 Shift in the Consulting Marketplace is Hampering New Business Strategy 6 MARKET SEGMENTATION 6.1 By Service Type 6.1.1 Operations Consulting 6.1.2 Strategy Consulting 6.1.3 Financial Advisory 6.1.4 Technology Advisory 6.1.5 Other Service Types 6.2 By End-user Industry 6.2.1 Financial Services 6.2.2 Life Sciences And Healthcare 6.2.3 IT and Telecommunications 6.2.4 Government 6.2.5 Energy 6.2.6 Other End-user Industries 6.3 By Country 6.3.1 Saudi Arabia 6.3.2 United Arab Emirates 6.3.3 Qatar 6.3.4 South Africa 6.3.5 Rest of Middle East and Africa 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles 7.1.1 Ernst & Young Global Limited 7.1.2 Deloitte Touche Tohmatsu Limited 7.1.3 McKinsey & Company 7.1.4 AKMC Management Consultancy 7.1.5 Decision Management Consultants 7.1.6 ProClipse Consulting 7.1.7 Alpha Equity Management Consultancy 7.1.8 Várri Consultancy 7.1.9 Kaizen Consulting Group DMCC 7.1.10 A&Z Management Consultants 7.1.11 Affility Consulting 7.1.12 NH Management 8 VENDOR RANKING ANALYSIS 9 INVESTMENT ANALYSIS 10 MARKET OPPORTUNITIES AND FUTURE TRENDS
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