Market Size
- In 2016,the global consulting market was worth $250 billion in terms of revenue and has been growing at a CAGR or 4.1% since 2011.
- Its main segments are Strategy, Operations, Finance, HR and technology.
- They represent respectively 12%,28%, 28%, 12% and 20% of the total market.
- The regional breakdown for the market is 41% for EMEA, 40% for North America, 16% in Asia-Pacific and 3% in other regions.
Market Composition
- There are 6 main segments in the consulting industry: Strategy, Management, HR, IT, Financial and Operations.
Top Players
1 Accenture Consulting $17,310,000,000
2 Capgemini Consulting $15,460,000,000
3 Tata Consultancy Services $14,930,000,000
4 Cognizant Technology Solutions $14,810,000,000
5 Deloitte Consulting $13,350,000,000
6 PricewaterhouseCoopers Advisory $12,253,000,000
7 Cisco Systems Consulting $12,000,000,000
8 Ernst & Young Advisory $11,600,000,000
9 Infosys Consulting $10,210,000,000
10 KPMG Advisory $10,180,000,000
11 McKinsey & Company $8,800,000,000
12 CGI Group $8,500,000,000
13 HP Enterprise Technology Services $7,882,000,000
14 The Boston Consulting Group, Inc. $6,300,000,000
15 Booz Allen Hamilton $6,100,000,000
16 Mercer LLC $4,300,000,000
17 IBM Global Services $4,200,000,000
18 Bain & Company $3,870,000,000
19 SAP Services Consulting $3,566,000,000
20 Oracle Consulting $3,358,000,000
21 Gartner, Inc. $3,300,000,000
22 Altran $2,813,000,000
23 Oliver Wyman $2,000,000,000
24 Aon Hewitt $1,800,000,000
25 FTI Consulting, Inc. $1,800,000,000
26 Grant Thornton $1,700,000,000
27 BDO Consulting $1,410,000,000
28 A.T. Kearney $1,400,000,000
29 Sapient Corporation $1,305,000,000
30 Strategy&, part of the PwC network $1,300,000,000
Key Disruptors
- Some of the emerging disruptors in the industry are Silicon Valley Software Group
, Praxent, Catalant, SalsaMobi and CitrusByte.
Current Trends
- Some of the trends affecting the consulting industry in 2020 include the emergence of new players such as freelancers and crowdsourcing, the demand for a wider expertise of consultants, an increase in collaboration between different professional service firms, and a change in billing and pricing models.
Leading Thinkers
- Some of the top thought leaders in the field are Steve Denning, Nir Eyal, Lynda Gratton, Sylvia Ann Hewlett and John P. Kotter.