$ 31.4 Bn
Category Intelligence on Strategy Consulting covers the following
Strategy consulting focuses on supporting clients with the development of strategies to support long-term growth. It consists of the following disciplines: Corporate Strategy, Organizational Strategy, and Functional Strategy.
The market for strategy consulting is estimated to be worth $31.4 Billion, representing 12 percent of the global consulting market.
The growth is mainly driven by:
Key growth constraints in the Strategy Consulting market are:
Indicative Strategy Consulting Market Size
Clients are demanding innovative techniques to solve their problems at lower costs, which has resulted in new business model such as network based firms and increase in adoption of new pricing models.
Alternative Delivery Models
Network-based staffing firms and freelance consultants are gaining significance as then can cater to requirements on a short notice, at a fraction of the cost of full-service consulting firms, owing to low overheads and absence of full-time staff to pay
Adoption of Outcome Based Pricing Model
As companies are looking to cut costs, procurement and business units constantly face pressure to derive savings out of the consulting spend. Driven by changing customer expectations, consulting firms are increasingly replacing traditional pricing for outcome-based pricing model.
Digitization remains a major driver of the consulting market as the clients are using digital technology for full scale transformation. Data analytics and robotics has gained considerable traction in this region. Solutions built around Artificial Intelligence are expected to drive increasing demand for consultants
Scope of Work
Involvement of Client
Relationship with Consultants
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