The number of employees in the management consultancy activities sector in Turkey reached 65.55 thousand in 2023. Historically, the industry has seen fluctuations in growth rates, with the highest year-on-year increase of 21.71% in 2015 and the lowest at -2.6% in 2019. Over the last two years, the sector experienced steady growth with year-on-year variations of 5.37% in 2022 and 4.98% in 2023. The compound annual growth rate (CAGR) over the past five years (2018-2023) was 3.19%, indicating a gradual stabilization in the employment figures. The forecast suggests that by 2028, the sector will see a moderate 5-year CAGR of 3.16%, translating to a forecasted 16.81% growth over this period.
Future trends to watch for:
- Technological advancements such as AI and machine learning reshaping consultancy services.
- Increased demand for digital transformation services post-pandemic.
- Potential impact of economic and political stability on the consultancy market.
- Global trends in remote work influencing the structure of management consultancy firms.