The management consultancy services turnover in the UK stood at 10.79 billion Euros in 2023. From 2014 to 2023, the sector experienced notable growth, marked by significant year-on-year variations. The peak annual growth occurred in 2018 with a 17.16% increase, whereas 2019 witnessed a decline of 2.43%. The last five years showed a decelerating trend, with an average annual variation (CAGR) of 1.73%. Forecasts for 2024-2028 suggest a continued moderate growth path with a 5-year CAGR of 1.78%, culminating in a projected turnover of 12.07 billion Euros by 2028.

Future trends to watch for include:

Adoption of digital and AI-driven consulting solutions
Increased demand for sustainability and ESG consultancy
Potential market disruptions due to geopolitical factors and economic conditions