The turnover in management consultancy activities in Austria has seen variability from 2013 to 2023, with a noticeable dip in 2017 and subsequent recovery. The value in 2023 stood at 538.2 million Euros. Year-on-year variation showed a peak increase in 2016 at 11.83%, while there were minimal changes in 2022 (2.23%) and 2023 (2.18%). The Compound Annual Growth Rate (CAGR) over the last five years has been 3.66%, reflecting a steady, albeit modest, growth trend. Future trends indicate a forecasted 5-year CAGR of 1.59% and an overall growth of 8.19%, suggesting more stable but slower growth ahead.
Future trends to watch:
- Increased digital transformation across consultancy services.
- A potential rise in demand for specialized consulting in areas such as sustainability and digital strategies.
- A shift towards more remote consultancy services driven by technological advancements and remote work trends.
- Changes in client expectations and the competitive landscape, pushing for innovative service models.
