1. Market Research
  2. > Business Services Market Trends
  3. > Business Consultancy and Audit

How to kick-start your market research using the business consultancy sector figures

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
2 votes

Global Business Consultancy & Audit Industry


The global business consultancy and audit industry refers to the provision of services such as business strategy planning, market outlook prediction, litigation support and various solutions in domains like human resources, restructuring, technology and corporate finance.


Management consultants aid companies in improving performance by examining organizational structure and putting plans in place to improve the overall running of a business. Consultants are external to the companies for which they work, making them a valuable source of impartial advice. Consultancy outfits accrue vast expertise in various industries and types of companies through their work.


When a consultancy firm has pinpointed the operational weaknesses of a company, it can propose a plan for change, recommending ways in which a company may move forward to implement an effective business strategy.


Key Market Segments


  • The world business continuity and disaster recovery (BC/DR) solutions and services industry is expected to reach almost $62 billion in 2017, reports Global Industry Analysts. Market growth in the coming years will be fuelled by corporate exposure to risks and the need for risk management services in order to gain and retain a competitive edge in the long term.


  • Companies are increasingly reliant on IT services to manage data. Concerns over potential internal and external risks and data loss arising from man-made or natural disasters and system failures are pushing companies from various sectors to take advantage of BC/DR solutions and services to ensure the safe management of their data.


  • The provision of BC/DR services was traditionally a back-office enterprise used for various purposes such as protection and storage of vital data, ensuring a faster rate of return to business following system failures, and retrieval of stored information. The sector of corporate risk management has become far more central over recent years, increasingly integrated into strategic business planning. BC/DR solutions are particularly important for businesses whose activities involve sensitive information, for example in the finance, government and healthcare sectors.


  • The global business process management (BPM) market is expected to surpass $5 billion in 2017, according to research from Global Industry Analysts. BPM refers to the processes by which companies adapt and optimize their day-to-day activities through the use of software tools. The financial crisis has had a positive impact on the industry as companies view BPM as a way to tackle declining profits. Weakening customer relationships mean that companies are now obliged to adopt customer-centric processes. The EU and the US dominate the BPM market, though Asia-Pacific is set to record the fastest rate of market growth. The market is fuelled by demand for IT infrastructure and business expertise.



Regional Market Share


There are around 130,000 outfits operating in the US business consulting services market, generating combined yearly revenue of around $140 billion, reports Hoovers. Leading players in the business consulting services industry include: IBM Global Services, Booz Allen, Deloitte Consulting, Accenture, and Bain. The US market is characterized by fragmentation, with the 50 leading businesses generating less than 30% of overall market revenue.



Market Outlook


Businesses under increasing pressure to differentiate themselves and their products due to commoditization, strong competition and globalization are turning more and more to business consultancy services. Enlisting experts is hoped to help companies gain a competitive advantage over rivals to protect their market share.


Companies are seeking to streamline business activities by boosting efficiency, innovation and productivity, and by cutting costs. BPM focuses on achieving these goals to grant companies competitive advantages.


Moving forward, cloud computing will become increasingly important to BPM activity as it produces essential up-to-date information. Market growth will be driven by developments in cloud computing and web-based applications.



Leading Industry Associations




You might be interested in these related markets


Understand the Business Consultancy and Audit Industry Quickly & Get Actionable Data Easily. Latest Reports with Statistics & Trends from Top Sources
1-10 of about 200 reports

Global Business Consultancy And Audit Statistics

  • January 2015
    7 pages
  • Business Consul  

  • India  

    North America  


View report >

The future of the Business Consultancy And Audit Industry in Asia and Mongolia

  • December 2014
    8 pages
  • Business Consul  

  • Asia  


View report >

Business Consultancy And Audit Industry in the UK Forecast

  • January 2014
    12 pages
  • United Kingdom  



View report >

Business Consultancy And Audit Supply in Australia Forecast

  • April 2013
    5 pages
  • Business Consul  

  • Australia  


View report >

Consultancy Service Markets

  • May 2015
    11 pages
  • Consultancy Ser  

View report >

The future of the Business Consultancy And Audit Industry in Caribbean

  • April 2015
    10 pages
  • Caribbean  

    United Kingdom  


View report >

Business Consultancy And Audit Industry

  • January 2015
    5 pages
  • Business Consul  

    Consultancy Ser  

View report >

About 100 reports

Purchase Reports From Reputable Market Research Publishers
(From € 280 - € 2 000)

Global IT Security Consulting Services Market 2015-2019

Global IT Security Consulting Services Market 2015-2019

  • € 2 000
  • Industry report
  • June 2015
  • by Infiniti Research Limited

About Global IT Security Consulting Services Over the years, enterprises worldwide have become increasingly dependent on technology and internet to run their business and drive revenue growth. This trend ...

Tata Consultancy Services Limited - Mergers & Acquisiti ...

May 2015 € 280

Tata Consultancy Services Limited - Mergers & Acquisiti ...

May 2015 € 280

Process, Physical Distribution, And Logistics Consultin ...

May 2015 € 156

Management Consulting Services - The 2015 U.s. Market R ...

May 2015 € 156

Other Computer Related Services - The 2015 U.s. Market ...

May 2015 € 156

Environmental Consulting Services - The 2015 U.s. Marke ...

May 2015 € 156

Systems Consultants Services Ltd: Aerospace And Defense ...

April 2015 € 100

Tata Consultancy Services Limited - Strategy And Swot R ...

April 2015 € 140

2015 U.s. Professional & Management Development Trainin ...

April 2015 € 119

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.