LONDON, July 28. 2022, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the management consulting services market, metaverse consulting services are gaining popularity in the management consulting services market trends. The metaverse is a shared virtual environment that people access through the Internet to work, interact socially, transact, play, and even create. Consulting firms offer metaverse services to help companies develop strategies to operate and engage with customers in transformative ways.
For example, in March 2022, Accenture, an Ireland-based management consultancy, launched a new Metaverse Consulting business line, which will support clients in everything from strategy to Metaverse world building. Similarly, in January 2022, Deloitte, a UK-based management consultancy, launched new metaverse services and a studio that will use Nvidia’s Omniverse tools. This will help customers leverage next-generation strategies, tools, and technologies to create and connect virtual worlds.
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The global management consulting services market is expected to grow from $891.88 billion in 2021 to $973.67 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The growth of the management consulting services market is mainly due to the reorganization of business activities and the recovery from the impact of COVID-19, which had previously led to restrictive confinement measures involving social distancing, work remotely and the closure of business activities that resulted in operational losses. challenges. The management consulting services market share is expected to reach $1320.94 billion in 2026 at CAGR of 7.9%.
With a market share of 3.68%, Deloitte Touche Tohmatsu Limited was the largest competitor in the management consulting services market in 2021. Deloitte Touche Tohmatsu Limited is a professional services provider. The firm offers audit, risk advisory, financial advisory, advisory, tax and legal services. Deloitte’s growth strategy focuses on strengthening its business operations through strategic acquisitions. For example, in March 2022, the company acquired BIAS Corporation, a market-leading cloud consulting firm Oracle Cloud Infrastructure (OCI). Through this acquisition, the company aims to help its customers build powerful foundations for the future made possible by Oracle Cloud Applications and Oracle Cloud Infrastructure.
Major companies in the management consulting market include Accenture, Deloitte Touche Tohmatsu Limited, Total SA, PwC, Ernst & Young, KPMG, Aon PLC, Aon Hewitt, McKinsey & Company, and Boston Consulting Group Inc.
The global management consulting services market is segmented by type into operational consulting, financial consulting, technology consulting, strategic consulting, other consulting services, HR consulting; by end-use industry in IT services, manufacturing, financial services, mining and oil and gas, construction, other; by service provider in large enterprise, small and medium enterprise.
Western Europe was the greater region in the management consulting services market in 2021. North America was the second largest region in the management consulting services market. Regions covered in the Management Consulting Services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
Global Management Consulting Services Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Management Consulting Services Market , analyze the Management Consulting Services Market and forecast market size and growth for overall market, Management Consulting Services Market segments and geographies, Management Consulting Services Market trends, drivers of the Management Consulting Services Market, Management Consulting Services Market Constraints, Revenues, Key Competitor Profiles and Market Shares in 1000+ Industry Reports, Covering 2500+ Market Segments and 60 Geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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