Strategy Consulting Market Size to grow by USD 121.2 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Strategy Consulting Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. Strategy consulting market dynamics have shifted significantly, with customers adopting digital means to evaluate and select consulting firms. Online research platforms have streamlined the consultant selection process, enabling clients to swiftly identify subject-matter experts (SMEs) based on specific requirements. This trend diminishes the reliance on traditional referrals and the hiring of employees solely based on domain expertise. Even well-established consulting firms, built on decades of reputation, are susceptible to being surpassed by niche players with specialized knowledge. This digital transformation in the strategy consulting industry enhances accessibility to expertise and fosters a more meritocratic hiring environment.

Key Highlights

Growth Projections

The global strategy consulting market  size is estimated to grow by USD 121.2 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  23.3% during the forecast period. Rising need for improved customer digital experience is driving market growth, with a trend towards consulting firm selection process  However, increased risks related to data security and privacy  poses a challenge.Key market players include A.T. Kearney Inc., Accenture Plc, Bain and Co. Inc., Booz Allen Hamilton Holding Corp., Boston Consulting Group Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Infosys Ltd., International Business Machines Corp., KPMG International Ltd., Marsh and McLennan Companies Inc., McKinsey and Co., Oracle Corp., PricewaterhouseCoopers LLP, Roland Berger Holding GmbH, Tata Consultancy Services Ltd., and The Hackett Group Inc..

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Major Findings

• The strategy consulting market is experiencing significant growth due in part to the increasing demand for enhanced digital customer experiences. Companies are recognizing the importance of providing seamless and personalized interactions with their customers through digital channels. This trend is driving the need for strategy consulting firms to offer expertise in digital transformation and customer experience design to help businesses stay competitive in today's market.


• In the dynamic and competitive landscape of the strategy consulting market, firms strive to maintain a sustainable competitive advantage. This can be achieved through continuous innovation, delivering superior client value, building strong industry expertise, and fostering long-term client relationships. Adopting a strategic approach to business, leveraging advanced analytics, and staying abreast of market trends are essential to staying ahead of competitors and providing differentiated services to clients.


• In today's digital business landscape, the Strategy Consulting Market faces heightened risks in ensuring data security and privacy for clients. With the increasing volume and complexity of data, it is crucial for strategy consulting firms to implement robust cybersecurity measures and adhere to data protection regulations to mitigate potential threats and safeguard sensitive information. Failure to do so can result in reputational damage, financial losses, and legal consequences.


• The strategy consulting market faces a significant challenge in the form of a scarcity of skilled and experienced professionals. As businesses increasingly seek expert guidance to navigate complex business landscapes, the demand for strategy consultants with deep industry knowledge and strategic thinking abilities continues to grow. However, finding individuals with the necessary qualifications and expertise can be a daunting task for consulting firms. To address this issue, firms are investing in training and development programs, as well as recruiting from top universities and business schools. Additionally, collaboration with industry experts and thought leaders can help bridge the gap in expertise and provide clients with the best possible solutions.

Market Research Overview

In the strategy consulting market, the value chain encompasses various processes, including pitching and profiling, which involve brand and network building, industry and client insights, and selling and pricing. The resourcing and communicating stage consist of workflow and process design, project management and resource planning, and client interaction and co-creation. Delivering and controlling processes entail commercial and technical capability, service delivery, quality assurance, billing, and team engagement. Lastly, connecting and innovating includes client relationship management, client education and support, and service innovation. The inputs in this industry comprise essential elements such as land, financing, equipment suppliers, and a skilled labor force, including management and marketing executives and other human resources engaged in direct operations.

The Strategy Consulting Market is experiencing significant growth, fueled by the Rising need for improved customer digital experience. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

As a strategic consulting expert, I provide insightful solutions to businesses seeking to optimize their operations and enhance competitiveness. Leveraging in-depth industry knowledge and analytical skills, I deliver data-driven recommendations to address complex business challenges. My services include market analysis, growth strategy development, organizational design, and operational efficiency improvements. By partnering with me, clients can expect improved performance, increased profitability, and a sustainable competitive advantage.

Research Analysis Overview

The strategy consulting market is experiencing significant growth as businesses seek expert advice to navigate the complexities of digital transformation. With the increasing importance of cyber security regulations and data security breaches, information security has become a top priority for organizations. Strategy consultants bring domain expertise to help identify risks and develop operational strategies for addressing security concerns. In the digital age, brands are leveraging cloud-based marketing automation and customer relationship management systems to engage customers through various digital channels. Consultants provide valuable insights into customer purchasing patterns and help businesses optimize their ecommerce strategies. Moreover, strategy consulting services play a crucial role in helping organizations make high-level decisions regarding disruptive technologies such as automation and artificial intelligence. Corporate sustainability and brand experience are also key areas of focus, as businesses strive to differentiate themselves in a competitive market. Professional consultants bring a deep understanding of corporate strategy, digital business models, and risk management to the table. By providing expert advice and operational strategies, they help organizations make informed decisions and stay ahead of the curve in today's fast-paced business environment.

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