The number of persons employed in the management consultancy activities sector in Belgium has shown significant growth from 2013 to 2023. Specifically, it stood at 118.82 thousand employees in 2023. Throughout the examined period, the sector saw peaks and minor dips, such as a slight decline in 2014 and 2018. Remarkably, the annual growth rate steadily increased, reaching appreciable heights in the recent years with a 5-year CAGR of 5.86% as of 2023. The projected data from 2024 to 2028 foresee continued growth although at a slightly reduced 5-year CAGR rate of 2.94%, achieving a total growth rate of 15.62% in this forthcoming period.
Future trends to watch for include the impact of digital transformation and evolving client needs on the consultancy demand pattern, the potential influence of economic fluctuations, and the growing importance of specialized consultancy services in response to an increasingly complex business environment.
