11 Important Consulting Stats 2022 The Global Management Consulting Industry Is Anticipated to Be Worth $1320.94 Billion by 2026, Expanding at a 7.9% Compound Yearly Growth Rate.Ī 9.2% CAGR is projected for the global management consulting services market between 20, from $891.88 billion in 2021 to $973.67 billion. This piece will look at the most critical consulting statistics this year. The consulting industry must become the trusted advisor its customers rely on to tackle complex issues head-on. Ĭlients are becoming more demanding of their consultants. These people are called professional consultants or consultancy and can help you with anything from wage theft, hiring wages, and employee pay scales to (SEO) Search Engine Optimization as well as supply side cost cutting, according to this KeyStar consulting article. When someone is sought out and compensated for their advice, they have expertise that others find helpful. You can find consulting businesses in any professional industry, like manufacturing, digital marketing and internet advertising, cannabis dispensaries, or personal injury attorneys. Most consulting projects last 3-6 months.2022–2028 should see 4.1% growth in corporate management consultancy.Consulting rates average $200 per hour.In 2022, 80% of consultancies gave discounts.700,000 consulting businesses in operation around the world.Management consulting generates 50% of consulting revenue.PwC, Deloitte, EY, and KPMG comprise 40% of consulting.McKinsey, Bain, and BCG make approximately $20 billion.Management consulting demand is 40% in the US.Consulting will reach $1320.94 billion by 2026.Business Consulting Stats Consulting Statistics 2023-2022
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