In 2023, the number of enterprises in business and management consultancy activities in the UK stood at an actual figure of 193 thousand. The forecasted data indicates a steady year-on-year growth rate, with a percentage increase of approximately 1.8% from 2024 to 2025, followed by similar increments in the subsequent years. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is forecasted to be around 1.7%.
Future trends to watch for include:
- Increased demand for digital transformation and sustainability consulting services.
- Potential market consolidation as larger firms acquire smaller niche companies to broaden service offerings.
- Impacts of economic factors like Brexit, which may create new opportunities or challenges for business consultancy in the UK.