The employment number in the management consultancy services sector in Austria grew from 29.0 thousand in 2013 to 33.99 thousand in 2023. This represents an effective increase over the decade with some fluctuations. Specifically, the sector saw positive growth most years, with year-on-year variations ranging from -1.04% to 4.98%. The compounded annual growth rate (CAGR) over the last five years (2018-2023) stood at around 2.03%.
For the years 2024 to 2028, the sector is forecasted to continue growing, reaching 37.23 thousand employees by 2028. The five-year forecasted CAGR is anticipated to slow down to 1.44%, reflecting more modest growth relative to past performance. Significant trends include:
- Rapid technological advancements mandating ongoing skill enhancement.
- Increased demand for digital transformation expertise.
- Sustainable practices becoming central to consultancy services.
- A shift towards remote and hybrid work models influencing consulting delivery methods.
