Europe Management Consulting Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Europe Management Consulting Market is Segmented by Type (HR Consulting, Strategy Consulting, and Operations Consulting) and Application (IT and Telecommunication, Manufacturing, Energy, Healthcare, Public Sector, Retail, and Healthcare). The market sizes and forecasts regarding value (USD billion) for all the above segments are provided.

Europe Management Consulting Market Size

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Europe Management Consulting Services Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.52 %
Market Concentration Medium

Major Players

Europe Management Consulting Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Management Consulting Market Analysis

The Europe Management Consulting Services Market is expected to register a CAGR of 5.52% during the forecast period. With the highly dynamic nature of several European industries and markets, especially after the COVID-19 pandemic, companies prefer to consult management consulting firms for a deeper and more assured insight into the markets and other purposes to ensure well-thought and data-backed decisions.

  • Management consulting firms provide services that help organizations improve their efficiency. The firms analyze the operations and understand the existing organizational inefficiencies ranging from the high cost of raw materials to HR policies in the organization. The firm uses its expertise to develop a plan to tackle all the issues in the best possible way. With growing competition in the market in various industries, profit margins are shrinking, and one of the best ways to improve profits is through increasing organizational performance.
  • Many companies are constantly trying to reduce costs and increase efficiency to transfer the saved expenses to the customer and withstand the intense competition they face. This is leading to an increase in the demand for business process improvisations and consulting related to operational efficiency. Regulatory changes, such as Brexit and the EU General Data Protection Regulation (GDPR), have increased demand for consulting across all major service lines. To comply with regulations, multinational organizations seek high-value advice, boosting the demand for management consulting services.
  • Management Consulting companies are facing an increasingly complex macro-environment in which they must continue to provide the best advice. Firms deliver projects with subcontractors, partner companies, and independents to make the process easier. Hence, providing the project faster, more efficiently, and with tighter budgets while achieving customer satisfaction is challenging. Moreover, increasing client demand for more value, higher-quality service, and faster delivery of solutions and services in a more agile environment fueled by rapid innovation hinder market growth.
  • The COVID-19 pandemic created an opportunity for many consulting firms to look after vaccination rollout programs and supply chain processes. Organizations' curiosity to optimize the operations to bridge the gap in the supply chain after the pandemic was a chief motivational factor for them to refer to these management consulting services. For instance, in February 2021, Scotland's health service awarded a contract worth more than GBP 2 million to KPMG for management and advisory services for the nation's COVID-19 vaccine program.

Europe Management Consulting Market Trends

This section covers the major market trends shaping the Europe Management Consulting Services Market according to our research experts:

Operations Consulting Segment is Expected to Drive the Market Demand

  • Operations consulting services are used to enhance operational efficiency. Consultancy activities in this segment vary from advisory services to hands-on implementation support for primary functions (e.g., Sales, Marketing, Production, etc.) and secondary functions (e.g., Supply Chain, ICT, Legal, etc.).
  • Supply chain management consulting services are proliferating concerning sustainability practices as companies are investing significantly in boosting the ecological footprint of their operations. Businesses in the country have acknowledged the supply chain disruptions witnessed in the past few years and focused on building resilient supply chains to sustain them in the future.
  • Manufacturing, supply chain, and process management growth mainly demand operation consulting services. Supply chain and procurement are some of the most widely adopted operations consulting services.
  • In March of this year, Accenture acquired Alfa Consulting, a consultancy specializing in operations strategy in capital-intensive industries. The acquisition reinforces Accenture's capabilities for helping clients in Spain, Portugal, and México transform their supply chains to be more resilient, responsive, and sustainable.

According to FEACO, the number of employees in the European management consulting industry increased marginally between 2020 and last year. Also, compared to 2020, management consulting jobs in Greece grew by 11% last year, which was the highest compound annual growth rate (CAGR) that was found.

Europe Management Consulting Services Market - CAGR of Management Consulting Employment, by Country, in Europe, 2017-2019 and 2020-2021

DACH Region to Hold the Largest Market Share

  • The countries under the DACH region include Germany (D), Austria (A), and Switzerland (CH). These countries are home to many consulting firms, including well-known international consultancies and local specialists. Some prominent consulting firms include Bain & Company, Kearney, McKinsey & Company, Boston Consulting Group, Alvarez & Marsal, Cordence Worldwide, Nextcontinent, Nexe, and many more.
  • According to the data from the German association for consulting firms (the BDU), Germany is home to over 4,000 prominent consultancies. These consulting firms advise and support their clients across any conceivable sector and area of expertise, meaning that companies in the private and public sectors face an enormous pool of consultants to choose from for their required services.
  • Several consulting firms are getting bigger by opening offices in the area and buying other consulting firms to grow their services and presence in the area.
  • These include strategic moves by the companies to enhance their geographical presence in specific potential countries. In May of this year, Reply S.p.A. acquired FINCON Unternehmensberatung GmbH, a prominent German consulting company in digital transformation projects for the banking and insurance industries. Reply's investment in Fincon was in line with the company's overall growth strategy, particularly in Germany.
  • Similarly, in June this year, Kestria added Aristide Personalberatung in Austria as its newest member firm. With this addition, the company would be able to have more representatives in the area and offer a wider range of services.
Europe Management Consulting Services Market - Industry Revenue of Business and Other Management Consultancy Activities, In USD Billion, In Germany, 2016-2025

Europe Management Consulting Industry Overview

The European Management Consulting Services market is moderately fragmented, with local and international players having decades of industry experience. The vendors are incorporating a powerful competitive strategy by leveraging their expertise and spending significantly on advertising. Quality certification, service offerings, costs, and technical capabilities are important factors for attracting new contracts in the market. Overall, the intensity of the competitive rivalry is high in the market, and it is expected to remain the same over the forecast period.

In February 2022, McKinsey & Company leveled up its digital division in Europe by acquiring IncepTech, a Hungary-based company that developed digital products and businesses. The addition of IncepTech added a team of more than 60 digital consultants, product engineers, and software architects in Budapest to McKinsey Digital.

Capgemini bought ChappuisHalder in May 2022 to improve the company's high-demand specialist consulting services in environment, social, and governance (ESG), and climate risk strategy. This also helped Capgemini improve its ability to help clients in Europe and South-East Asia with banking, wealth management, and insurance.

Europe Management Consulting Market Leaders

  1. PricewaterhouseCoopers LLP

  2. https://www2.deloitte.com/ce/en.html

  3. https://www.ey.com/en_uk

  4. https://home.kpmg/de/en/home.html

  5. https://www.bcg.com/united-kingdom

  6. https://www.pwc.com/c1/en/

*Disclaimer: Major Players sorted in no particular order

Europe Management Consulting Services Market Concentration
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Europe Management Consulting Market News

  • June 2022 : Oneservice AG, a Switzerland-based global outsourcing provider and complete end-to-end managed service solutions provider for the Life Sciences, Diagnostics, and Medical Device Industries, has opened offices in the United Kingdom and Manchester to accelerate the company's growth in the European region.
  • April 2022: Ernst & Young (EY) announced the expansion of its partnership with Wolters Kluwer to include the CCH Tagetik corporate performance management (CPM) solution and EY Advisory SpA (EY Italy). Thus, businesses can use data to improve performance and deliver long-term service. The Alliance has already been activated in Belgium, with plans to expand globally in the future.

Europe Management Consulting Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumption and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of the Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Adoption of Advanced Data Management Strategies

      2. 5.1.2 Growing Investment in Emerging Analytical Solutions

    2. 5.2 Market Challenges

      1. 5.2.1 Project Complexities and Shift in Consulting Marketplace

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 HR Consulting

      2. 6.1.2 Strategy Consulting

      3. 6.1.3 Operations Consulting

    2. 6.2 By End-user Industry

      1. 6.2.1 IT and Telecommunication

      2. 6.2.2 Manufacturing

      3. 6.2.3 Energy

      4. 6.2.4 Public Sector

      5. 6.2.5 Retail

      6. 6.2.6 Healthcare

      7. 6.2.7 Other Applications

    3. 6.3 By Geography

      1. 6.3.1 DACH Region

      2. 6.3.2 United Kingdom and Ireland

      3. 6.3.3 France

      4. 6.3.4 Benelux

      5. 6.3.5 Eastern Europe

      6. 6.3.6 Scandinavia

      7. 6.3.7 Rest of Europe

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Deloitte Touche Tohmatsu LLP

      2. 7.1.2 Ernst & Young Global Limited

      3. 7.1.3 KPMG

      4. 7.1.4 Boston Consulting Group

      5. 7.1.5 PricewaterhouseCoopers LLP

      6. 7.1.6 McKinsey & Company

      7. 7.1.7 A.T. Kearney Inc.

      8. 7.1.8 Booz Allen Hamilton Inc.

      9. 7.1.9 Bain & Company Inc.

      10. 7.1.10 Accenture PLC

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Europe Management Consulting Industry Segmentation

Management consulting firms assist organizations in increasing their efficiency. The firms examine the operations and determine the existing organizational inefficiencies, which include several factors, like high raw material costs and HR policies. Following that, the firms employ their knowledge to devise a strategy for resolving all difficulties in the most effective manner feasible. Profit margins are shrinking due to increased market rivalry in numerous industries, and one of the best methods to raise earnings is to improve organizational performance.

The Europe Management Consulting Services Market is segmented by Type (HR Consulting, Strategy Consulting, and Operations Consulting) and Application (IT and Telecommunication, Manufacturing, Energy, Healthcare, Public Sector, Retail, and Healthcare). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Type
HR Consulting
Strategy Consulting
Operations Consulting
By End-user Industry
IT and Telecommunication
Manufacturing
Energy
Public Sector
Retail
Healthcare
Other Applications
By Geography
DACH Region
United Kingdom and Ireland
France
Benelux
Eastern Europe
Scandinavia
Rest of Europe
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Europe Management Consulting Market Research FAQs

The Europe Management Consulting Services Market is projected to register a CAGR of 5.52% during the forecast period (2024-2029)

PricewaterhouseCoopers LLP , https://www2.deloitte.com/ce/en.html, https://www.ey.com/en_uk, https://home.kpmg/de/en/home.html, https://www.bcg.com/united-kingdom and https://www.pwc.com/c1/en/ are the major companies operating in the Europe Management Consulting Services Market.

The report covers the Europe Management Consulting Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Management Consulting Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Management Consulting Industry Report

Statistics for the 2024 Europe Management Consulting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Management Consulting analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Europe Management Consulting Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)