Updated: Nov 15, 2020
According to recent research by AMA, the global Management Consulting market is expected to witness high demand to through to 2025 due to the rising popularity of digital management consulting services across the globe.
The management consulting market consists of services and related goods sold by multiple entities (sole traders, partnerships, professional service companies, boutiques and large organisations) that provide a range of services delivering advice and assistance on organisational planning, financial budgeting, marketing strategies, human resource practices, administration policies and production and logistics scheduling.
Such services include solutions for strategy, programme management, administrative management issues, strategic and organisational planning, business process improvement, human resource, and personnel policies, developing marketing planning and strategy, productivity improvement, quality assurance, and quality control.
Key industry growth is expected within Financial Services, Healthcare and Life Sciences, Energy, Public Sector and Technology, Media, Communications.
Solutions growth aligned to Digital Management Consulting, IT Management Consulting, Artificial Intelligence, Robotic Process Automation and Block Chain Management Consulting.
And service line demand including Strategy, Operations, Transactions, General Business Consulting (Spanning all functional disciplines)
Demand is coming from companies exploring mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The AMA expect the global Management Consulting market to see growth rate of 9.2% due to this.
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