Management Consulting Services Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to management consulting services market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Management Consulting Services Market News

in Management Consulting Services
  • Accenture Wagers on Generative AI (2023): Accenture wagered big in the form of a $3 billion wager on generative AI capability. The funds will be applied to developing new solutions, tools, and capability to assist clients with applying and scaling generative AI across their companies, according to Accenture. This action is an important action by one of the top consultancy companies to get a ride on the expanding wave for AI capability.
  • McKinsey Introduces Sustainability Platform (2024): McKinsey & Company introduced a new digital platform, 'Emissions Insights', to enable organizations to monitor and lower their carbon footprint. It offers end-to-end emissions data and benchmarking, allowing companies to make more informed decisions on their sustainability strategy, McKinsey stated. It follows the trend of the need for ESG consulting services continuing to grow.
  • Bain & Company Expands Expanded Supply Chain Practice (2025): Bain & Company has rolled out the expansion of its supply chain consulting practice to assist clients in creating more responsive and resilient supply chains. The expansion entails investments in new technologies and talent to respond to supply chain shocks and changing geopolitics, according to Bain & Company. It is an indication of increasing demand for supply chain expertise in the consulting space.
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Global Management Consulting Services Market size was valued at USD 397.45 Billion in 2024 and is poised to grow from USD 431.95 Billion in 2025 to USD 778.68 Billion by 2032, growing at a CAGR of 8.69% in the forecast period (2025-2032).

Big companies are targeting the introduction of new technology, emphasizing winning experience, and the creation of specialized niches for staying ahead of the pack in the market for management consulting services. Businesses are investing in AI-driven solutions, data analysis capabilities, and cutting-edge consulting capability to create service lines and customers. Mergers and acquisitions as well as strategic alliances are standard methods for establishing market footprint and service abilities. The international and domestic players, to stay competitive too, come up with innovative solutions and evolve to accommodate changing client requirements. 'McKinsey & Company (USA)', 'Boston Consulting Group (BCG) (USA)', 'Bain & Company (USA)', 'Deloitte Consulting LLP (USA)', 'Accenture plc (Ireland)', 'Ernst & Young (EY) (UK)', 'PricewaterhouseCoopers (PwC) (UK)', 'KPMG International Limited (Netherlands)', 'Capgemini SE (France)', 'IBM Global Business Services (USA)', 'Booz Allen Hamilton Holding Corporation (USA)', 'Oliver Wyman (USA)', 'A.T. Kearney (USA) ', 'Kearney (USA)', 'Roland Berger GmbH (Germany)', 'Alvarez & Marsal (USA)', 'Strategy& (USA) ', 'Simon-Kucher & Partners (Germany)', 'Arthur D. Little (USA)', 'North Highland (USA)'

Businesses across the globe are taking up digital technology at a faster rate to become more effective, more customer-satisfying, and also more innovative. This is driving the demand for consultants who have expertise in embracing AI, data analytics, and cybersecurity.

AI-Driven Transformation: AI-Driven Transformation is experiencing consulting companies embracing artificial intelligence in order to render processes and delivery of services more efficient. AI is useful by taking the load of data analysis, creating insights, and enhancing decision-making. All this culminates into enhanced efficiency, less turnaround time, and increased data-driven consultancy advice to clients. Companies are embracing AI to provide services such as predictive analytics, market predictions, and customized consulting strategies.

Why is North America Leading Management Consulting Services Market in 2024?

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Global Management Consulting Services Market
Management Consulting Services Market

Report ID: SQMIG20Q2018

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