Overview and Scope
Operations advisory refers to the process of enhancing the effectiveness of the entire value chain by creating and putting into practice goal operational and service delivery models, carrying out cost-cutting initiatives, and streamlining business procedures.
Sizing and Forecast
The operations advisory market size has grown steadily in recent years. It will grow from $281.52 billion in 2023 to $292.29 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to globalization of businesses, market dynamics and competition, economic fluctuations, regulatory changes, industry-specific challenges..
The operations advisory market size is expected to see steady growth in the next few years. It will grow to $340.13 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to digital transformation, sustainability and esg compliance, resilience planning, supply chain optimization, strategic cost management.. Major trends in the forecast period include remote work optimization, evolving regulatory compliance, supply chain optimization, integration of ai and automation, customer-centric operations..
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Segmentation & Regional Insights
The operations advisory market covered in this report is segmented –
1) By Product Type: Financial Advisory, Technology Advisory, Strategy Advisory, HR Advisory, Manufacturing
2) By Size: Large Enterprises, Small And Medium Enterprises
3) By Vertical: Aerospace And Defense, BFSI (Banking, Financial Services, And Insurance), Healthcare, IT (Information Technology) And Telecom, Construction And Mining, Automotive, Entertainment And Media, Chemicals And Materials, Consumer Goods, Durables, And Retail, Semiconductor And Electronics Manufacturing: Other Verticals
North America was the largest region in the strategy advisory market in 2023. Western Europe was the strategy advisory market report second-largest region in the strategy advisory market. The regions covered in the operations advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased number of startups is significantly contributing to the growth of the operations advisory market going forward. Startups refer to an early-stage entrepreneurial initiative that is often developed to address problems in the actual world. Operations advisory is employed by startups to gain assistance in developing a business structure that can cope with the growth of the company and adapt to various market situations. For instance, according to the US Small Business Administration, a US-based agency of the United States government that provides support to entrepreneurs and small businesses, there were 33.2 million startups in the USA in 2022, which increased by 700,000 compared to 2021. Therefore, an increased number of startups will drive the operations advisory market.
Key Industry Players
Major companies operating in the operations advisory market are adopting a strategic partnership approach, aiming to enhance patient care. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in January 2023, Bain & Company, a US-based management consulting company, announced a partnership with Schneider Electric SE, a France-based energy management and digital automation company. The new partnership will bring together Schneider Electric’s proficiency in strategically developing and carrying out clients’ carbon mitigation and energy use modifications with Bain & Company’s deep advisory skills in decarbonization and its capabilities across sectors for production excellence, including supply chain enhancement, performance enhancement, and operational delivery. The relationship builds on a string of previous, highly effective collaborations that have proven the value of the firms’ shared expertise for clients.
The operations advisory market report table of contents includes:
1. Executive Summary
- Operations Advisory Market Characteristics
- Operations Advisory Market Trends And Strategies
- Operations Advisory Market – Macro Economic Scenario
- Global Operations Advisory Market Size and Growth
.
- Global Operations Advisory Market Competitive Benchmarking
- Global Operations Advisory Market Competitive Dashboard
- Key Mergers And Acquisitions In The Operations Advisory Market
- Operations Advisory Market Future Outlook and Potential Analysis
- Appendix
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