Name: The market for strategic consulting firms
Brand: Businesscoot
Price: 89 EUR
Availability: InStock

Summary

The global market for management consulting services experienced a significant resurgence following the downturn during the COVID-19 pandemic, with a valuation that jumped from roughly $148 billion in 2020 to $316.5 billion in 2021. The recovery was widespread across all branches of the consulting industry, with the retail sector forecasted to see the largest revenue growth at approximately 14.5% between 2020 and 2021. In Italy, after experiencing a setback in 2020 due to the pandemic, the consulting market, primarily dominated by management consulting firms, began to flourish anew in 2021. Italian consulting firms encountered a decline in average pricing, averaging a 0.3% decrease in 2021, with large firms seeing a 0.7% price decline. Nonetheless, the demand for consulting services remained robust in the public sector and among private firms, particularly in Central Government, Healthcare, and very large client firms. Specialized areas such as IT, Strategy, and Risk & Compliance were particularly in demand, with digital transformation projects estimated to account for about 30% of the market in 2021. Despite the challenges posed by the pandemic, the consulting industry demonstrated resilience and an ability to sustain operations remotely, with projections of continued growth in the forthcoming years..## Dynamic Shifts in the Italian Consulting Services Sector The Italian consulting market has demonstrated resilience and adaptability in the face of global challenges, particularly the COVID-19 pandemic. With a robust recovery in 2021 post the decline experienced during the pandemic, management consulting services have reclaimed their preeminent position within the industry. The market has seen a significant shift towards high-demand specializations, notably in digital transformation and sustainability, while large firms continue to dominate the field. In Italy, the consulting industry is a tiered landscape where large firms lead in terms of revenue generation and market coverage. Despite enduring an approximate 8.9% revenue drop in 2020, the sector swiftly bounced back, with over 70,000 firms contributing to this growth. These firms are mainly distributed across the Lombardy region, with a significant concentration in Milan. The backbone of this sector is management consulting, which accounts for the lion's share of the industry, followed closely by operations, risk and compliance, and human resources. In 2021, an interesting trend emerged showing an increasing inclination towards services that assist in digital strategy and sustainability. While large consulting firms handle around 70% of projects in these specializations, the involvement of small and medium-sized enterprises is also on the rise, indicating a more diversified market approach. On the pricing front, the average cost of consulting services in Italy indicates a nuanced picture. Prices have been gradually declining annually by about 0.9%, with slight fluctuations across the various consulting firm sizes. Large firms, while decreasing their average rates, still maintain a premium pricing at over 70% higher than micro-enterprises. When it comes to clientele, very large client firms, those with revenues exceeding 500 million euros, are the majority purchasers of consulting services, accounting for over half of the total spend. The public sector is also a significant client base, with central government agencies leading in expenditure. The industry's structure is largely polarized, with the majority being micro-enterprises reflected in both the legal form taken by these firms and their size composition. However, the contribution to turnover is highly skewed towards larger firms, signaling the market dominance of established players. Regulations play a critical role in the management and operation of consulting firms in Italy. From taxation and invoicing to professional ethics and financial management, firms are required to adhere to a host of laws and guidelines. This regulatory environment ensures the industry operates with transparency and accountability. From this analysis, it's clear that the Italian consulting market is characterized by its agility and growth-oriented nature,.### Leading Consultancies Steering the Market's Course The consulting landscape is shaped by a few key players known for their profound influence and broad scope of services. In the realm of strategy consulting, the "MBB" firms - McKinsey & Company, Boston Consulting Group, and Bain & Company - represent the pinnacle of prestige. These firms are not only leaders in shaping business strategies but also in driving transformative organizational changes and improving operational efficiencies for their clients worldwide. Each holds significant sway, with McKinsey's extensive global presence through 133 locations, BCG's strength in strategic insights from over 100 cities, and Bain's deep expertise emerging from 65 global offices. Their revered positions embody a blend of intellectual rigor, comprehensive industry insights, and an unwavering commitment to client success. Parallel to these giants in strategy consulting are the "Big Four" - Deloitte, PwC, EY, and KPMG - which dominate the field of accounting and auditing. However, their prowess extends beyond mere numbers; they serve as trusted advisors in tax, law, and a host of management consulting services. Furthermore, they play a critical role in guiding companies through digital transformations, a testament to their agility in adapting to the dynamic digital age. Deloitte Consulting LLP, with its extensive network of 700 locations, offers deep dives into financial intricacies while advising on cutting-edge practices across various services. Similarly, PwC combines its impressive reach through 742 offices with a robust stance on strategic, operational, and compliance-related advice, demonstrating a comprehensive service palette. EY, too, through EY-Parthenon, merges analytical prowess with strategic guidance, allowing clients to navigate complex market landscapes. KPMG, through its advisory branch, brings forth significant expertise to aid companies in the challenging terrains of financing and operational management. In contrast, Booz Allen Hamilton, headquartered in McLean, Virginia, fortifies its position with a keen focus on government and commercial consulting. Lastly, other specialized firms such as Oliver Wyman stand out with a uniquely concentrated expertise in industries like finance and risk management, harnessing a blend of deep industry knowledge and strategic acumen to deliver impactful solutions. Together, these consulting bellwethers steer the market's course not just by their size or revenue, but by catalyzing profound changes in businesses and governments alike, guiding them towards efficiency, innovation, and sustainability. Their collective narratives weave a fabric of unrelenting pursuit of excellence - defining, shaping, and moving the consulting industry forward.

The market for strategic consulting firms - Italy

Get all the information you need
to understand this market

Buy the full study

Detailed content

Inforamtion

Number of pages : 30 pages
Format : Digital and PDF versions
Last update : 12/04/2023

Update Details

Summary and extracts

1 Synthèse du marché

2 Analyse de la demande

3 Structure du marché

4 Analyse de l'offre

5 Règlementation

6 Positionnement des acteurs

List of charts

Annual change in global consulting market revenue in 2021, by sector
Annual turnover of enterprises engaged in business consulting and other administrative-management consulting and business planning
Number of enterprises active in business consulting and other administrative-management consulting and business planning
Breakdown by legal form of the number of enterprises active in the field of business consulting and other administrative-management consulting and business planning
Data on the size classes of the consulting industry in Italy
Average pricing per day in Euros (three-year period 2019-2021)
The leading consulting firms in the world, by degree of prestige
Breakdown of purchases of consulting services by size of client company (year 2021)
Breakdown of purchases of consulting services by type of client administration
Distribution of sales by area of specialization
Breakdown of turnover by area of specialization for large, medium and small consulting firms
Percentage of consulting firms offering a given activity on sustainability/green

Show more Hide

All our studies are available online in PDF format

Take a look at an example of our research on another market!

Example online Example in PDF

Do you have a question about this study? +44 238 097 0676

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

Deloitte Consulting S.r.l Società Benefit

EY Advisory S.p.a

KPMG advisory S.p.a

MCDERMOTT ITALIA S.R.L.

BUSINESS INTEGRATION PARTNERS SPA

PRICEWATERHOUSECOOPERS ADVISORY S.P.A.

The Boston Consulting Group S.r.l

Choosing this study means :

Access to more than 35 hours of work

Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.

Benefit from 6 years' experience and over 1,500 industry reports already produced

Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.

Our know-how and methodology enable us to produce reports that offer unique value for money.

Access to several thousand articles and paid-for data

Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).

To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)

Guaranteed support after your purchase

A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676

A digital format designed for our users

Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.

Our offers :

The market for strategic consulting firms | Italy

89 €

What are the figures on the size and growth of the market?
What is driving the growth of the market and its evolution?
What is the positioning of companies in the value chain?
Data from several dozen databases

5 reports pack (-15%) IT Italy

75.6 € ^{/ study}

378 € instead of 445 € -15%

5 reports at €75.6 excluding VAT per study to choose from our Italian catalogue for 12 months
Save 15% on additional studies purchased
Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)

See the terms and conditions of the pack and the refund of unused credit.