According to a new report, published by KBV research, The Global Strategy Consulting Market size is expected to reach $94.2 billion by 2031, rising at a market growth of 11.3% CAGR during the forecast period.
Strategy consulting, also known as strategic consulting or management consulting, is a specialized field within the broader consulting industry. It entails offering organizations expert advice and solutions to assist them in the development and implementation of strategies that align with their long-term objectives and goals. Strategy consultants work closely with senior executives and decision-makers to address complex business challenges, optimize performance, and drive sustainable growth. The strategy consulting market is a vital and dynamic sector that significantly influences the success and direction of businesses worldwide. Strategy consulting firms offer organizations expert advice and strategic guidance, helping them navigate complex business environments, achieve their objectives, and sustain competitive advantage.
The Corporate Strategy segment is registering a CAGR of 9.1 % during the forecast period. Corporate strategy consulting involves helping organizations define their long-term vision, set strategic objectives, and align their resources and capabilities to achieve these goals. A major increase in the need for corporate strategy consulting has been brought about as a consequence of the growing complexity of the global business environment.
The Large Enterprises segment led the Global Strategy Consulting Market by Organization Size in 2023; thereby, achieving a market value of $67.2 billion by 2031. This dominance is driven by several factors inherent to the scale and complexity of large organizations. Large enterprises typically operate across multiple geographies, manage extensive product portfolios, and face intricate regulatory environments.
The BFSI segment is growing at a CAGR of 9.1 % during the forecast period. Strategy consultants help BFSI companies navigate these changes by providing expertise in digital transformation, risk management, regulatory compliance, and customer experience enhancement. The rise of fintech, increased focus on cybersecurity, and the shift towards sustainable finance have also driven demand for strategic consulting services in this sector.
Full Report: https://www.kbvresearch.com/strategy-consulting-market/
The North America region dominated the Global Strategy Consulting Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34.8 billion by 2031. The Europe region is anticipated to grow at a CAGR of 10.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 12.2% during (2024 - 2031).
By Service Type
By Organization Size
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