Business Management Consulting Services Market valued at $157.2 billion in 2023, projected to reach $260.5 billion by 2032

From GlobeNewswire: 2025-06-12 10:00:00

The Business Management Consulting Services Market was valued at USD 157.2 billion in 2023 and is projected to reach USD 260.5 billion by 2032, with a CAGR of 5.79%. Major players include McKinsey, BCG, Deloitte, PwC, EY, KPMG, Accenture, Capgemini, IBM, Cognizant, BearingPoint, LEK Consulting, Oliver Wyman, and Roland Berger. The market is driven by rising digital transformation and AI adoption.

In the U.S., the Business Management Consulting Services Market was valued at USD 44.2 billion in 2023 and is expected to reach USD 71.6 billion by 2032, with a CAGR of 5.53%. Growth is fueled by increasing demand for strategic advisory, digital transformation, risk management, and operational improvement.

The strategy consulting segment dominated the market in 2023, with a 25% revenue share, driven by the need for corporate restructuring and digital transformation. The BFSI segment led the market, with the IT & telecom segment expected to witness the fastest growth through 2032 due to rapid technological advancements.

North America led the market in 2023, accounting for 37% of the business management consulting services market, with Asia Pacific projected to witness the fastest growth through 2032. Asia Pacific is benefiting from industrialization, economic development, and increasing demand for consulting in sectors like IT & telecom, ESG, and M&A advisory.



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