How big is the Consulting Services Market | Key Stats and Growth Trends 2025

Q: What is the projected market size of the consulting services market by 2031?

The market is expected to reach USD 523.5 billion by 2031.

Q: What is the CAGR of the global consulting services market from 2024 to 2031?

The market is projected to grow at a CAGR of 7.3% during the forecast period.

Q: Which factors are driving the growth of the consulting services market?

Factors such as digital transformation, regulatory complexities, and increased outsourcing are driving the market.

Q: Who are the major players in the global consulting services market?

Key players include Accenture, McKinsey, BCG, Bain, Deloitte, PwC, and others.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4962

Publication Date: Jul 2025

What is the Consulting Services Market Size?

According to 6Wresearch internal database and industry insights, the Consulting Services market was valued at USD 320.8 billion in 2024 and is anticipated to exceed USD 523.5 billion by 2031, registering a steady at a CAGR of 7.3% during the forecast period.

The consulting services market is witnessing robust growth due to increased enterprise focus on digital transformation, business model innovation, and cost optimization. Organizations across industries are increasingly relying on strategic consulting to enhance operational efficiency, adapt to evolving market dynamics, and implement technology-driven solutions. Rising globalization and complex regulatory environments are also driving demand for expert advisory services.

Major Growth Factors of the Consulting Services Industry

Rising demand for digital transformation strategies
Increasing complexity in business operations
Expansion of cloud computing and AI technologies
Growing regulatory and compliance challenges
Need for specialized industry-specific expertise
Acceleration of M&A activities and organizational restructuring
Increasing outsourcing of business functions

Consulting Services Market Trends

The consulting services market is shifting towards digital-first advisory, with firms adopting AI, data analytics, and cloud-based tools to deliver more value-driven solutions. There is a growing preference for agile consulting models and hybrid delivery methods, combining in-person and virtual engagements. Clients are also favoring niche consulting providers offering deep industry specialization and faster turnarounds.

Emerging Developments in the Consulting Services Industry

The rise of AI-powered consulting platforms, sustainability-focused advisory services, and industry-specific digital accelerators are transforming how firms deliver and package solutions. Strategic partnerships between consulting firms and tech providers are growing, while mid-size firms are leveraging automation and analytics to compete with large incumbents. Customized, subscription-based consulting models are also gaining traction.