The global consulting sector is one of the biggest, most mature markets in the professional services industry. Still, there’s room to innovate the business model beyond the billable hour while increasing the size and duration of your client engagements.
The talent pool for this market is highly concentrated due to the specialized nature of the work. This makes it important to invest in custom software that frees your highly-skilled staff to focus on what they’re great at, rather than repetitive, time-consuming tasks. These systems not only increase efficiency but reduce the need to hire and develop talent.
Management consultancies are leading the way when it comes to digital transformation. Firms that recognize technology opportunities and invest early are positioned to capture more of the market.
Estimated US revenue for the management consulting industry in 2022
Spent by US federal government on management consultants in 2018
Of business leaders say they plan to accelerate the digital transformation of their business following Covid-19