In 2023, the turnover in management consultancy activities in Germany stood at 11.72 Billion Euros. Over the last two years, there was a year-on-year growth of 4.3% in 2022 and 4.08% in 2023. The compound annual growth rate (CAGR) over the past five years was 3.84%. Notably, there were significant year-on-year variations, including a pronounced spike in 2016 (9.53%) and 2017 (15.34%). The period of 2020 saw a dip of -4.05% due to external factors likely including the COVID-19 pandemic.
Key future trends to watch for in the management consultancy market in Germany include digital transformation services, increasing demand for strategic advisory in a post-pandemic economy, and a potential increase in consultancy activities driven by sustainability and regulatory compliance needs. The forecast for 2028 indicates a moderate growth with a 5-year CAGR of 2.76%, pointing to a steady yet slower expansion compared to previous years.
