Management Consulting Services Market Global Briefing 2018

Management Consulting Services Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 42 | Published : January 2018

SKU CODE : 2752 | Format :

The management consulting services market comprise establishments providing a range of services dealing with advice and assistance on organization planning, financial budgeting, marketing strategies, human resource practices, administration policies and production and logistics scheduling.

North America was the largest region in the management consulting services market in 2017, accounting for around 37% market share. This was due to the rise in the number of new businesses and increased demand for financial planning, budgeting, business process improvement and other management consulting services from commercial organizations. Western Europe was the second largest region accounting for around 35% market share. South America was the smallest region accounting for around 3% market share.

Services are now being split into several individual components and sold separately rather than bundled together. There has been a growing trend from clients to pick and choose service elements that can be executed in house and allocate the rest to specific service providers. This approach is called modularization of services and is a response to clients that a single firm would not be able to handle the complexity of a large project and hence wanting four to five firms to collaborate. Alternatively the client may want to break down the project into various small components that can be allocated to specialized professional firms. Management consulting service providers are collaborating with specialized consulting companies to increase their market share and expertize. For instance, leading global consulting firm, Oliver Wyman, collaborated with other consulting firms to strengthen its expertise in various industries such as with TeamSAI (aerospace and aviation), ChapterHouse (healthcare), Harbour Consulting (automotive) and Corven (energy).

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