In 2023, the management consultancy activities sector in Turkey had a production value of 24.47 billion New Turkish Liras. From 2013 to 2023, the sector experienced robust growth with a compounded annual growth rate (CAGR) of 22.59%. This trend is underscored by significant year-on-year variations, such as a 29.87% increase in 2017 and a notable peak of 30.3% in 2018. However, the growth rate showed a declining trend towards 2023, with a year-on-year variation of 11.21%. Looking ahead, the sector is forecasted to grow with a 5-year CAGR of 6.03%, reaching 36.02 billion New Turkish Liras by 2028, indicating a more moderate but consistent growth trajectory.

Future trends to watch for:

Adoption of digital transformation and technological advancements in consultancy services
Increasing demand for specialized consulting in areas such as sustainability and regulatory compliance
Market consolidation driven by mergers and acquisitions