Global Management Consulting Market Size, Industry Analysis and Forecast Report 2022 by TBRC
TheBusinessResearchCompany.com offers "Management Consulting Market By Segments (Operations Advisory, Financial Advisory, Technology Advisory, Strategy And HR Advisory), By Country And By Trends – Global Forecast To 2022 Market Forecast" from its research store.
London, UK -- (SBWire) -- 01/22/2020 --The management consulting (MC) market consists of the sales of MC services and related goods by entities (organizations, sole traders and partnerships) that provide a range of services providing advice and assistance on organizational planning, financial budgeting, marketing strategies, human resource practices, administration policies and production and logistics scheduling. Such services include solutions for administrative management issues, strategic and organizational planning, business process improvement, human resource and personnel policies, developing marketing planning and strategy, productivity improvement, quality assurance and quality control.
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The management consulting market is segmented by type of service, by end-use industry and by geography.
By Service Type- The management consulting market can be segmented by type of service into
a) Operations Advisory
b) HR Advisory
c) Strategy
d) Financial Advisory
e) Technology Advisory
Financial advisory had the highest growth rate of nearly 10.1% during the historic period. The fastest growth in the historic period can be attributed to reemergence of 'mega mergers', along with a low interest environment creating the opportunity for ambitious financial planning.
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By End Use Industry- The management consulting market can be segmented by end use into
a) Financial Services
b) IT Services
c) Manufacturing
d) Construction
e) Mining And Oil & Gas
f) Others
g) Other Services
Growth has accelerated in all segments of the management consulting market segmented by end user industry except for the 'Others' segment, where it declined slightly.
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Western Europe is the largest market for management consulting, accounting for 33.8% of the global market. It was followed by North America and Asia-Pacific and then the other regions. Going forward, South America and Africa will be the fastest growing regions in this market.
Major competitors of Global Management Consulting Services Market are Deloitte Touche Tohmatsu Limited, Accenture Plc, International Business Machines Corporation, Ernst & Young Global Limited, PricewaterhouseCoopers (PwC).
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