The production value of business and other management consultancy activities in Italy has shown a generally positive trend with fluctuations in the growth rate. In 2023, the value stood at €18.23 billion. Over the last two years, the year-on-year variations were 1.62% in 2022 and 1.58% in 2023. The 5-year CAGR from 2018 to 2023 was 2.40%, indicating steady growth.
Looking forward, the forecasted data suggests a continued incremental increase with the production value reaching €19.61 billion by 2028. The future 5-year CAGR is projected to be 1.15% with an overall growth rate of 5.9% over the forecast period.
Future Trends to Watch:
- Adoption of advanced digital solutions and automation in consultancy services
- Growing demand for consultancy in sustainability and green business practices
- Impact of geopolitical and economic fluctuations on consultancy needs
- Increasing importance of cybersecurity and data privacy consulting
- Expansion in consultancy services for small and medium enterprises (SMEs)
