The Turnover of Business and Other Management Consultancy Activities in Spain has shown a steady increase from €6.29 billion in 2016 to €10.16 billion in 2023. The year-on-year variation displays notable fluctuations, with significant growth in 2017 (13.8%) and 2019 (21.31%), contrasted by minimal contraction in 2018 (-1.3%) and 2020 (-0.58%). The compounded annual growth rate (CAGR) over the last five years stands at 6.04%, reflecting a stable upward trend in the consultancy market. The forecast for the next five years projects a CAGR of 3.14%, with an overall growth rate of 16.73% by 2028, reaching an estimated turnover of €12.42 billion.
Future trends to watch for:
- Increased digital transformation driving consultancy needs.
- Emerging demand for sustainability and ESG (Environmental, Social, and Governance) advisory services.
- Impact of economic fluctuations and potential market consolidations.
