Management consulting 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. 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).
THE BUSINESS RESEARCH COMPANY EXPECTS
THE GLOBAL MANAGEMENT CONSULTING SERVICES MARKET TO GROW TO $920 BILLION BY
2021
North America was the largest region
in the management consulting services market in 2017, accounting for almost
two-fifth of the management consulting 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.
Order the management consulting
industry report at: https://www.thebusinessresearchcompany.com/report/management-consulting-services-global-market-report-2018
According to The Business Research
Company’s Consultant, Nitin Gianchandani, with
the emergence of information communication and technology, the world is rapidly
moving towards the process of digitalization. Investor expectations, rising
competition, new regulatory pressures and increasing opportunities are putting
organizations under pressure to digitalize their processes and management.
Management consulting services firms are providing IT transformation services
to businesses, banks and other organizations to overcome challenges such as
rising stakeholder expectations and flat or declining budgets. Such services
include identifying critical technologies, setting an IT agenda, consolidating,
standardizing and harmonizing IT solutions across business divisions in a cost
effective manner. Accenture Consultancy increased its revenues from
Communications, Media & Technology division by 16% from 2014 to 2015 due to
increased demand for digital transformation for management services.
Download a sample of the report at:
https://www.thebusinessresearchcompany.com/sample.aspx?id=58&type=smp
TBRC’s report also covers management
consulting industry trends and management consulting industry revenues.
According to the management consulting
market analysis, Deloitte was the largest company in the market, with revenues
of $17.2 billion for the financial year 2016. Deloitte’s growth strategy is to
reinforce its M&A strategy to expand its consulting operations across
geographies. For instance, the company acquired KD Johns & Co., Australia
and Hervé Schauer Consultants (France). The company also aims to strengthen its
senior level management to maintain governance and ensure quality.
The management consulting services
market comprises 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. Such services include solutions for administrative
management issues, strategic and organizational planning, business process
improvement, human resource and personnel policies, developing marketing
planning and strategy, productivity improvement, quality assurance and quality
control. The management consulting services market is segmented into Operations
Advisory, Financial Advisory market, Strategy Advisory, HR Advisory market and
Technical Advisory market.
Management Consulting Services Global
Market Report 2018 is a detailed report that gives a management consulting
industry overview. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
About The Business
Research Company
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
Contact
Information:
The Business Research Company
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Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
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