In 2023, the turnover in management consultancy activities in Belgium stood at 1.36 billion Euros. Over the period from 2013 to 2023, the turnover exhibited considerable fluctuations. It peaked at 1.85 billion Euros in 2013 and then underwent significant year-on-year variations, most notably a 41.45% decline in 2014, then rebounding by 47.39% in 2015. Recent years have shown modest changes, with a slight decline of 0.42% in 2022 and 0.43% in 2023. The average yearly growth rate (CAGR) for the last five years (2018-2023) has been relatively stable at 0.54%.
Future trends indicate a subtle decline in turnover, with a forecasted CAGR of -0.33% over the next five years (2024-2028). The forecasted values suggest a gradual decrease, leveling off at 1.33 billion Euros by 2028, implying a modest contraction of the market.
Future trends to watch for include:
- The ongoing impact of economic conditions on consultancy spending.
- Evolving client needs and emerging digital transformation opportunities.
- Potential growth areas within specialized consultancy services.
