Overview and Scope
Organization and change management consulting refers to a specialized field within management consulting that focuses on assisting organizations in improving their performance, efficiency, and effectiveness through organizational change. It facilitates smooth organizational changes by identifying necessary adjustments, designing strategic plans, and assessing progress.
Sizing and Forecast
The organization and change management consulting market size has grown strongly in recent years. It will grow from $1.41 billion in 2023 to $1.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to high demand for inulin supplements, demand for organization and change management consulting services, demand for organization and change management consulting services, rise of remote work requires organizations, increasing employee involvement and commitment to organizational goals.
The organization and change management consulting market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing focus on sustainability and corporate social responsibility, increasing rate of illness in people across the globe, increasingly stringent AS9100 quality, standards, increasing adoption of home care and personal care products, increase in technology costs. Major trends in the forecast period include technological developments, implementing cloud-based solutions, implementation of new change management methodologies, enhancing their overall technological infrastructure, adopting agile frameworks.
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Segmentation & Regional Insights
The organization and change management consulting market covered in this report is segmented –
1) By Service Type: Strategy Development, Organizational Change, Technology Adoption, Process Improvement, Leadership Development
2) By Consulting Approach: Agile Change Management, Traditional Change Management, Others
3) By Emerging Trends: Sustainability, Remote Work, Diversity, Inclusion
4) By Industry Vertical: Healthcare, Financial Services, Manufacturing
North America was the largest region in the organization and change management consulting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the organization and change management consulting 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 increasing focus on sustainability is expected to propel the growth of the organization and the change management consulting market going forward. Sustainability refers to meeting the needs of the present without compromising the ability of future generations to meet their own needs. The demand for sustainability is increasing due to several key factors, such as growing awareness among consumers, investors, and stakeholders about the environmental and social impact of business activities and the long-term economic benefits of sustainability. Sustainability presents significant opportunities for organization and change management consulting to add value to organizations by providing strategic guidance, driving organizational change, facilitating performance improvement, and enhancing stakeholder engagement. For instance, in February 2024, according to reports published by the TravelPerk Report, a Spain-based travel-management company and pioneer in the future of business travel, an estimated 98% of companies on the S&P 500 index published sustainability reports in 2022, compared to 96% in 2021, showing an increasing focus on sustainability within businesses. Therefore, the increasing focus on sustainability is driving the growth of the organization and change management consulting market.
Key Industry Players
Major companies operating in the organization and change management consulting market are Hitachi Consulting Corporation, Deloitte Touche Tohmatsu Limited, Accenture plc, International Business Machines Corporation (IBM), PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited (EY), KPMG International Cooperative, Tata Consultancy Services Ltd., Capgemini SE, Cognizant Technology Solutions Corporation, Aon Hewitt LLC , Atos Consulting, The Boston Consulting Group Inc., McKinsey & Company Inc., CGI Inc., Willis Towers Watson plc, Booz Allen Hamilton Holding Corporation, Bain & Company Inc., Genpact Ltd., Oliver Wyman Group, Mercer LLC, Arthur D. Little Inc., Simon-Kucher & Partners Strategy & Marketing Consultants GmbH, Buck Global LLC, PA Consulting Group Ltd., Intellecap Advisory Services Pvt. Ltd., Kapronasia Limited, SINICA CONSULTING, PricewaterhouseCoopers (PwC), A.T. Kearney Inc
The organization and change management consulting market report table of contents includes:
1. Executive Summary
2. Organization And Change Management Consulting Market Characteristics
3. Organization And Change Management Consulting Market Trends And Strategies
4. Organization And Change Management Consulting Market – Macro Economic Scenario
5. Global Organization And Change Management Consulting Market Size and Growth
….
31. Organization And Change Management Consulting Market Other Major And Innovative Companies
32. Global Organization And Change Management Consulting Market Competitive Benchmarking
33. Global Organization And Change Management Consulting Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Organization And Change Management Consulting Market
35. Organization And Change Management Consulting Market Future Outlook and Potential Analysis
36. Appendix
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