Strategy Consulting Market Share
                     Market Highlights 
Strategy consulting is essential for the growth of companies operating in areas such as business 
service, marketing and sales, financial management and controls, information technology, human 
resource, quality management, and others. Strategy consulting allows companies to maintain 
sustainable competitive advantage amidst a challenging business environment. Market Research 
Future (MRFR) in-depth report on the global strategy consulting market has projected the market 
to reach a valuation of USD 43.98 Bn at a CAGR 5.17% over the forecast period of 2018-2023.  
Increasing volatility in the economic landscape combined with fierce competition has necessitated 
the need for strategy development to tide over such situations. The current business world is 
characterized by high difficulty level in new product launches, legal complexities, and increased 
incidences of various supply-side challenges. Moreover, intensifying competition has compelled 
businesses to resort to strategic consulting services, which help them adapt to constantly changing 
business models.  
Digitalization has had a tremendous impact on the growth of the strategy consulting market. The IT 
and BFSI sectors have turned to strategy consulting services to enhance their offerings, which are 
likely to deepen the level of growth of strategy consulting market. The inclusion of advanced 
technologies such as automation and artificial intelligence (AI) is estimated to create favorable 
groundwork for the expansion of the strategy consulting market. 
The initiation of the implementation of disruptive technologies such as artificial intelligence and 
automation has acquired extensive popularity in consulting services and has a crucial role in three 
areas that involve the gathering of information, simplifying administration task, and refining 
productivity. The employment of artificial intelligence is expected to provide new opportunities for 
growth in the coming years. The strategy consulting market is anticipated to face challenges in 
terms of the understanding of the insights by the consultants. The insights provided entail deep 
knowledge of the analytical tools that are restricted only to a few. 
Segmentation: 
The strategy consulting market share has been segmented based on application and product. 
By product, the strategy consulting market has been segmented into operation consultant, business 
strategy consulting, and investment consultant. The operation consultant segment is likely to lead 
the market over the forecast period and reach USD 16.67 Bn at a CAGR of 3.93% over the forecast 
period. The business strategy consulting segment is expected to register the highest CAGR of 6.04% 
over the forecast period.  
By application, the strategy consulting market has been segmented into chemical sector, financial 
sector, and automotive sector. The financial segment is likely to command the largest share of the 
market over the forecast period. The automotive sector segment is expected to be the fastest 
growing segment and expand at a CAGR of 6.54% over the forecast period.  
Regional Analysis: 
The regional analysis of the strategy consulting market consists of regions such as Asia Pacific, 
Europe, North America and the rest of the world. The North American region is responsible for the 
principal market value of USD 9.80 billion in 2013 with a market share of 39% and is anticipated to 
expand at USD16.64 billion with a CAGR of 4.75% through the duration of the forecast period. The 
operation consultant segment is expected to expand at USD 6.52 billion by the end of the year 2025 
with a 3.26 % CAGR The European region was the next principal market estimated at USD7.50 
billion in 2013; it is likely to grow at a CAGR of 5.47 % and is anticipated to touch USD 13.64 billion 
by 2025. 
Competitive Landscape 
The notable players in the global strategy consulting market include Roland Berger LLC, Accenture, 
Deloitte Touche Tohmatsu Limited, The Boston Consulting Group Inc, Marsh & McLennan 
Companies Inc, A.T. Kearney Inc, Bain and Company, Mc Kinsey & Company, Pricewaterhouse 
Cooper (PwC), 
Industry Updates 
June 2019 - PA Consulting Group, a consultancy specializing in management consulting, technology 
and innovation, announced the acquisition of 4iNNO, Cincinnati-based firms specializing in new 
product platforms.