In Austria, the turnover in management consultancy activities displayed fluctuations between 2013 and 2023. Notably, downturns were observed in 2014 (-5.92%) and 2020 (-15.47%), while 2018 witnessed significant growth of 11.72%. Apart from such oscillations, the sector experienced overall moderate growth, culminating in a turnover of 462.1 million Euros by 2023. The last two years (2022: +7.38%, 2023: +5.45%) marked a period of recovery and growth.
Looking forward, forecasts predict gradual growth from 2024 onwards, with a 5-year compound annual growth rate (CAGR) of 1.58% and an overall growth rate of 8.18% by 2028. This indicates steady positive development in the sector.
Future trends to watch for:
- Technological advancements and digital transformation in consultancy services.
- Increased demand for sustainable and ESG-focused consulting.
- The impact of global economic conditions on consultancy demand.
