The number of employees in the management consultancy activities sector in Austria has shown a steady increase from 2013 to 2023. In 2023, the sector stood at approximately 33.99 thousand employees, representing a year-on-year growth of 2%. The period from 2019 to 2023 witnessed a compound annual growth rate (CAGR) of approximately 2.03%, indicating consistent growth in employment figures despite minor fluctuations in some years.

Looking forward, from 2024 to 2028, the forecast indicates continued growth, albeit at a slightly lower CAGR of 1.44%, projecting the employment number to reach 37.23 thousand by 2028. This suggests a growth rate of 7.44% over the next five years. The primary drivers for this trend are expected to include increasing corporate demand for strategic consulting and digital transformation services.

Future trends to watch for:

Increased demand for digital transformation consulting services.
Continued specialization in various industry verticals.
Greater focus on sustainability and ESG (Environmental, Social, and Governance) consulting.