This statistic presents the size of global management consulting market from 2011 to 2015 and a forecast thereof for 2016, by segment. The financial advisory consulting market worldwide grew from 55 billion U.S. dollars in 2011 to 67 billion U.S. dollars in 2015 and it was expected to grow to 70 billion U.S. dollars in 2016.
Management Consulting is the industry and practice of helping organizations improve their performance by analyzing existing problems and development plans for improvement. Organizations hire management consulting firms to gain external advice or when they need specialized expertise and services which are offered by consultants include strategy, operations, financial advisory, human resources and internet technology. The largest markets for consulting services include operations and financial advising, more than double the human resources and strategy markets. However, all the management consulting markets are seeing average growth each year.
In 2014, management consulting in the United States generated around 143 billion U.S. dollars of revenue. Furthermore, the number of people employed in management consulting is also growing and in 2014, there were around 587,450 management consultants in the United States.
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