The UK Management Consultancy Activities sector has shown a consistent upward trend in employee numbers over the past decade. In 2023, the sector employed 603.75 thousand individuals. The year-on-year growth rate stabilized around 2.3% in 2023, with a cumulative annual growth rate (CAGR) of 2.21% over the previous five years. The sector experienced significant fluctuations in the past, with notable highs in 2016 and subsequent stabilization. The forecast indicates continued growth, with the number of employees projected to reach 667.74 thousand by 2028, reflecting a five-year CAGR of 1.59%.
Future trends to watch for include increasing digital transformation initiatives and a growing demand for specialized consultancy services such as sustainability and cybersecurity, which are expected to drive further growth in employment in the sector. Additionally, economic shifts and regulatory changes may impact the sector’s trajectory.