How big is the Consultancy Market | Size, Segments 2025

Q: What is the current and projected market size of the consultancy market?

The consultancy market is projected to grow from around USD 335 billion in 2023 to approximately USD 620 billion by 2031.

Q: What is the CAGR of the global consultancy market between 2024 and 2031?

The consultancy market is expected to grow at a CAGR of 8.1% during the forecast period.

Q: Which sectors are driving growth in the consultancy industry?

Technology, healthcare, financial services, and ESG initiatives are key sectors fueling growth.

Q: What are some recent trends in the consultancy market?

Trends include AI-based consulting, sustainability advisory, remote and hybrid consulting models.

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: MTA4961

Publication Date: Jul 2025

What is the Consultancy Market Size?

According to 6Wresearch internal database and industry insights, the Consultancy market was valued at USD 335 billion in 2024 and is anticipated to exceed USD 620 billion by 2031, registering a steady at a CAGR of 8.1% during the forecast period.

The consultancy market is undergoing dynamic expansion driven by digital transformation, increasing complexities in business environments, and a strong need for strategic planning support. Companies are seeking external expertise to optimize operations, manage risk, and implement new technologies, which has fueled demand across management, IT, and financial consulting services.

Major Growth Factors of the Consultancy Industry

Digital transformation across industries
Growing complexity in regulatory compliance
Rise in demand for business model innovation
Increasing globalization of businesses
Expansion of startups and SMEs
Shift toward data-driven decision-making
Growth in outsourcing business functions
Emphasis on sustainability and ESG consulting

Consultancy Market Trends

The consultancy market is seeing a surge in demand for digital and IT advisory services, driven by demands for AI, cloud computing, and cybersecurity. Companies are also hiring more sustainability and ESG consultants to help them meet global environmental regulations. Value-based engagements and hybrid consulting models are changing the way consulting services work today.

Emerging Developments in the Consultancy Industry

Firms are increasingly adopting AI-powered analytics, remote consulting platforms, and advice solutions that are tailored to certain industries. Consulting topics including DEI (Diversity, Equity, and Inclusion), digital ethics, and ESG governance are becoming more popular. Also, agreements between consulting firms and internet businesses are making it easier to supply services.