Global Strategy Advisory Market Trends And Strategies Of Major Players In The Strategy Advisory Market 2020
27 Nov, 2020
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The global strategy advisory market is expected to increase from $155.23 billion in 2019 to $163.43 billion in 2020 at a compound annual growth rate (CAGR) of 5.29%. The slowed growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The market is then expected to recover and reach $226.91 billion in 2023 at a CAGR of 11.56%. The increased number of startups globally contribute to the strategy advisory market’s growth.
The strategy advisory market consists of the sales of strategic advisory services by entities (organizations, sole traders and partnerships) the provide consulting services that aim to increase client’s revenues, profit margins, market share and competitive advantage. Clients consult strategy advisors to seek advice on developing new markets, market entry and expansion strategies and reimagining their business models. Only goods and services traded between entities or sold to end consumers are included.
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The Global Strategy Advisory Market is further segmented based on services, end-user and geography.
By Services: Corporate Strategy, Business Model Transformation, Economic Policy, Mergers & Acquisitions, Organizational Strategy, Functional Strategy, Strategy & Operations, Digital Strategy.
By End-User: IT & Telecommunication, Healthcare, BFSI, Retail, Manufacturing, Others.
By Geography: The global strategy advisory market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the North American strategy advisory market was the largest region in the global strategy advisory market in 2019.
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Trends In The Strategy Advisory Market
The launch of artificial intelligence is gaining popularity in the strategy advisory market. As this new technology develops, many companies are increasingly thinking about integrating artificial intelligence (AI) into their operations.
Strategy Advisory Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides strategy advisory market overviews, analyzes and forecasts market size and growth for the global strategy advisory market, strategy advisory market share, strategy advisory market players, strategy advisory market segments and geographies, strategy advisory market’s leading competitors’ revenues, profiles and market shares. The strategy advisory market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.