Management Consulting Services Global Market Report 2021: COVID-19 Impact And Recovery By 2030
The Business Research Company’s Management Research Services Global Market Report 2021: COVID-19 Impact and Recovery by 2030
LONDON, GREATER LONDON, UK, January 14th, 2021 /EINPresswire.com/ – New Year, New Updates! Our reports have been revised regarding market size, forecasts and strategies for 2021 after the impact of COVID-19: https://www.thebusinessresearchcompany.com/global-market-reports
Artificial intelligence (AI) and automation are market trends for business consulting services that are revolutionizing the way business consultants study data. AI and automation help management consultants handle the processing and analysis of large amounts of data more efficiently and faster than the average person. They can also provide deep insights into areas like sales, operations, supply chain, and more. For example, JLL, an American professional services and investment management company specializing in real estate, uses an AI analysis system to drastically streamline its workload. The real estate consultancy advises on customer portfolios, which can include between 1 and 100,000 properties. The analysis traditionally took weeks. In the consulting area, the information gathered via AI on sales channels, customer travel and customer behavior can help the consultants to identify new opportunities and develop effective strategies for advertising campaigns. According to Euan Cameron, UK Head of AI at PwC, AI could add tremendous value to the management consulting sector, which has traditionally been conservative and human-minded. Thus, these technologies are gaining importance in the business advisory services market.
The global management consulting services market is forecast to grow from $ 819.79 billion in 2020 to $ 895.46 billion in 2021, with an average annual growth rate (CAGR) of 9.2%. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which had previously resulted in restrictive containment measures that included social distancing, remote working and the cessation of commercial activities that created operational challenges . The market is projected to reach $ 1201.06 billion in 2025 with an annual growth rate of 8%.
According to the Business Research Company’s management consulting services market report, Western Europe has the largest market share for management consulting services with a market share of 45% in 2020. North America was the second largest region with a 29% share of the global management consulting services market. Africa was the smallest region in the global business consulting market.
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January 14, 2021 at 2:25 pm GMT
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