Strategy Consulting Market | In-Deep Analysis Focusing on Market Share (2024-2032)

Strategy Consulting Market Synopsis

Strategy Consulting Market Size is Valued at USD 203.94 Billion in 2023, and is Projected to Reach USD 647.66 Billion by 2032, Growing at a CAGR of 13.7% From 2024-2032.

A specialized subset of management consulting, strategy consulting advises organizations and enterprises on crucial strategic decisions. This entails providing assistance in the delineation of their long-term objectives, discerning prospects for development and enhancement, and formulating strategies to accomplish said goals. Consultants in strategy collaborate closely with clients to comprehend their sector, market conditions, and competitive environment in order to furnish them with recommendations and insights that aid in acquiring a competitive edge and attaining long-term prosperity.

• It is the intricate web of factors that determine the development of the global strategy consulting market over and over again. One of the major forces is the technological innovation where organisations need to consult specialists on how to adopt digitalised change, innovate and manage transformation within firms. This encompasses areas such as AI, IoTs, and blockchain that are quite disruptive in shaping the future of businesses and their competition. Also, with the globalizing markets requirements on the strategic consultants are rising as they need to advise clients on international business environment,4 entry strategies, global supply chain, and cross-border mergers and acquisitions.
• Furthermore, reasons such as the growing changes in the regulation of cross border M&A deals and geopolitical factors also contribute a lot. Consulting firms are engaged by companies to assist in dealing with new regulation, the overall regulatory environment, risks due to geopolitical shifts, and realizing opportunities in new arenas. Additionally, the focus on environmentally friendly ideas and CSR policies has become much more popular over the years and therefore generating work for consultants with profound knowledge of these trends. Summarising the above points, one possibly concludes the following: The overall external and internal business environment requires strategic positioning; Strategy consulting constitutes a valuable tool for providing direction in the period of increasingly complex and challenging business environment.

Strategy Consulting Market Trend Analysis

Beyond Profit, The Rise of Sustainability in Strategy Consulting

• The dynamics of the strategy consulting market has been found to be at a state of radical transition due to several factors This paper aims to explore the major trends that are responsible for the radical dynamics of the strategy consulting market. Another recurring highlight is the emphasis in the spotlight on the need for digital transformation solutions. With various enterprises worldwide trying to embrace the new world of internet and digital framework, they approach the strategy consultants to help them find out how they could use the internet to make their processes efficient, competitive and customer friendly. They are further driving the tradition by the advanced concepts like AI, IoT, and cloud computing, which are changing the business models and opening up new opportunities and risks.
• Another defining factor that is slowly beginning to emerge in the strategy consulting market is sustainability and ESG (Environmental, Social, and Governance). Major shareholders, stakeholders as well as the government and other organizations demand transparent proof of the desire of companies to undertake sustainable and responsible business. When it comes to providing organizations with modern business solutions and based on them, to promote the principles of sustainability and overcome the increasing number of risks associated with ESG, strategy consultancies will remain indispensable. This is set to grow into future, particularly when sustainability is now the new norm, across every business.

Seizing Opportunities in a Dynamic Landscape, The Strategic Imperative for Consulting Firms

• Currently, there are signs of the growth of opportunities in the strategy consulting market due to a rather volatile business environment that exists at present due to various factors such as technological changes, shifts in customers’ preferences, and competitive pressures. These challenges are relevant to all industries, and organizations are looking for professional advice when it comes to addressing those challenges and leveraging opportunities. Such a need for the Strategy consulting services is augmented by the pressing needs for digitization, evolving sustainability need, and competitive advantage.

• Furthermore, the expansion of markets and growth in data availability have heightened. the level of competition, and this has led to the need to make the right decisions more important than ever. Since this world is competing, businesses go looking for strategy consultants in order to get insights on the trends, other companies as well as prospective strategies. This means there is a great environment for consulting firms to present new ideas and position themselves as key strategic partners, who can help their clients gain better sales, revenues and profits, which in its turn will help the consulting firms in question go up in revenues and profits.

Strategy Consulting Market Segment Analysis:

Strategy Consulting Market is Segmented on the basis of type, application.

By Type, Corporate Strategy segment is expected to dominate the market during the forecast period

• The field of strategy consulting comprises a broad range of professional services provided by firms wherever they may be located and specializations to suit particular needs. Strategy consulting can be described as the essence of determining business strategies and objectives, more often concentrating on competitiveness and improvement on the company’s overall performance. Business model transformation consulting guides companies through the replanning and redesigning of organisational business models due to shifting market environments, technology products, and customers’ needs.
• Government economic policy consultancy involves advising on matters of concern that relate to government policies and regulations in regard to various sectors in the economy. Merger and acquisition (M&A) consulting involves helping firms to identify possible M&A opportunities or change in its portfolio and advise on the most effective strategic approach. Organizational strategy consulting is a management consulting activity that deals with designing ways and means to improve organizational performance, upgrading organizational sub-processes, and managing change to accomplish strategic goals.
• Secondly, functional strategy consulting deals with individual departments in an organisation tackling organisational issues based on a specific function in the business for instance marketing, operations or the finance departments. Strategy and operations consulting can be defined as the alignment of business strategies with the implementation of operational change as a way of enhancing organizational efficiency or effectiveness. Digital strategy consulting showing organizations how to create, organize, grow and use new technologies within IT organizations and delivery models to achieve strategic goals and increase shareholder value.

By Application, IT & Telecommunication segment held the largest share in 2023

• They fit all religions because strategy consulting is a versatile field, good for many types of businesses and organizations with different strengths and problems. In the IT & Telecommunication sector specifically, they assist businesses to manage change triggers in the enhancing information technology environment, create strategic plans regarding the company’s use of the Web, and improve on the firm’s IT infrastructure in order to remain relevant. In the Healthcare sector, the consulting firms help to raise the standards of the patient care and organisational efficiency and, at the same time, gain compliance with new regulations in order to increase profitability.
• What the Banking, Financial Services, and Insurance (BFSI) industry gain from strategy consulting is the ability to gain knowledge to foster change through digital solutions, navigate risks, and improve customers’ experience. In Retail, consultants advise companies on how they can implement omnichannel concepts, streamline their supply chain, and improve the customer experience. In Manufacturing, strategy consultants’ work is most valuable in helping organizations enhance the manufacture processes and embrace Industry 4. 0 that can be undertaken and to explore new opportunities for the market.
• Major industries like energy, transportation or education also rely on strategy consulting to respond to the industry’s specifics and to seize opportunities for development.

Strategy Consulting Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The North American market for strategy consulting services is well established and highly competitive and which holds a strong posture towards the development of novel solutions. Having an astonishing GDP per capita and meaningful industry including technology, healthcare, financial services, and manufacturing, North America would be an ideal place for now and future growth of strategy consulting firms.
• The market leaders are the global consulting big players like McKinsey & Company, Bain & Company, and Boston Consulting Group, despite their powerful presence, offering particular vertical and competitive insights. These firms normally base their offerings on such factors as suitabilities, scale, and expertise in meeting the challenges that business face today.
• However, there are also plenty of smaller, specialist consulting companies which operate in certain industries or with reference to certain services targeting clients who require their consulting services to be more directly and specifically geared towards their needs in terms of strategies development. In general, the North American strategy consulting market is rather saturated due to a vast number of players active in the project space, as well as the continuously growing focus on creating efficient strategies and addressing such crucial issues as digitalisation and environmental protection.

Active Key Players in the Strategy Consulting Market

• Accenture PLC (Ireland)
• Bain & Company (United States)
• BCG (United States)
• Booz Allen Hamilton Inc. (United States)
• CGI Group Inc. (Canada)
• CSC (United States)
• Deloitte (United States)
• KPMG (Netherlands)
• McKinsey & Company (United States)
• PwC (United Kingdom)
• Others

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. STRATEGY CONSULTING MARKET BY TYPE (2017-2032)
   1. STRATEGY CONSULTING MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CORPORATE STRATEGY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BUSINESS MODEL TRANSFORMATION
   5. ECONOMIC POLICY
   6. MERGERS & ACQUISITIONS
   7. ORGANIZATIONAL STRATEGY
   8. FUNCTIONAL STRATEGY
   9. STRATEGY & OPERATIONS
   10. DIGITAL STRATEGY
7. STRATEGY CONSULTING MARKET BY APPLICATION (2017-2032)
   1. STRATEGY CONSULTING MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. IT & Telecommunication
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. HEALTHCARE
   5. BFSI
   6. RETAIL
   7. MANUFACTURING
   8. OTHERS
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Luxury Goods Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. ACCENTURE PLC (IRELAND)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BAIN & COMPANY (UNITED STATES)
   4. BCG (UNITED STATES)
   5. BOOZ ALLEN HAMILTON INC. (UNITED STATES)
   6. CGI GROUP INC. (CANADA)
   7. CSC (UNITED STATES)
   8. DELOITTE (UNITED STATES)
   9. KPMG (NETHERLANDS)
   10. MCKINSEY & COMPANY (UNITED STATES)
   11. PWC (UNITED KINGDOM)
9. GLOBAL STRATEGY CONSULTING MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies