Strategy consulting market in Europe is expected to grow from US$ 8.70 Bn in 2017 to US$ 17.08 Bn by the year 2025. This represents a CAGR of 8.9% from the year 2018 to 2027.
Mounting competence across business sectors driving the needs for consulting to gain competitive edge is fueling the Europe strategy consulting market. Smaller firms emerging with disruptive innovations have gained reputation as market disruptors as they pose challenges to the business of larger firms. In simpler words, the business arena today is characterized by cut-throat competition. Each and every business today strives hard to survive and gain competitive advantage in the market outpacing its competitor. Further, the changing economics, trade relations, Government in a particular region drive the changes in the way businesses are to be done. Having a pre-handed idea on the changing market dynamics hands advantage to the organizations, and this can be done by leveraging upon the expertise of the strategy consultants, thereby driving the strategy consulting market in Europe. This factor has created a potential market space for Europe strategy consulting market.
The rising implementation the performance based billing business model is anticipated to fuel the Europe strategy consulting market growth. Until now the consulting industry has been working on the time-based billing business model. However, this business model has had its fair share of disadvantages. The business model followed involved client interaction with the consultant in order to extract value for money for the client in the form of operational improvement as well as any kind of strategy formulation. However, the power of time lies in the hands of the consultant as well as the expertise. This type of model did not involve any sharing of risks and rewards of the client’s execution of the strategy. These initiative by the market player are enhancing the growth of Europe strategy consulting market.
Germany is anticipated to leads the strategy consulting market across the Europe region through the forecast period. Automotive, textile, healthcare, and consumer electronics are the strongest sectors in the region that contribute to its economy. There is a domination of major companies including Accenture, Mercer, and others in the country. Also, the presence of companies including Simun-Kucher and Roland Berger has driven the growth of the market in Germany. Presence of large automotive hub coupled with some of the renowned industries in the country favor the growth of strategy consulting. This bolster the Europe strategy consulting market on the forecast period. The figure given below highlights the revenue share of Rest of Europe in the Europe strategy consulting market in the forecast period:
Rest of Europe Strategy consulting Market Revenue and Forecasts to 2027 (US$ Bn)
EUROPE STRATEGY CONSULTING - MARKET SEGMENTATION
Europe Strategy Consulting Market - By Services
- Corporate Strategy
- Business Model Transformation
- Economic Policy
- Mergers & Acquisitions
- Organizational Strategy
- Functional Strategy
- Strategy & Operations
- Digital Strategy
Europe Strategy Consulting Market - By Industry Vertical
- IT & Telecommunication
- Healthcare
- BFSI
- Retail
- Manufacturing
Europe Strategy Consulting Market - By Country
- France
- UK
- Italy
- Spain
- Germany
- Rest of Europe
Companies Mentioned
- A.T. Kearney, Inc.
- Accenture PLC
- Deloitte Touche Tohmatsu Limited
- Bain & Company
- Ernst & Young Ltd.
- KPMG
- McKinsey & Company
- Mercer LLC
- The Boston Consulting Group
- PwC
Europe Strategy Consulting Market Strategic Insights
Europe Strategy Consulting Market Report Highlights
| Report Attribute | Details |
| Market size in 2017 | US$ 8.70 Billion |
| Market Size by 2025 | US$ 17.08 Billion |
| CAGR (2018 - 2027) | 8.9% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2025 |
| Segments Covered |
By Services
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Strategy Consulting Market Country and Regional Insights
