The management consultancy activities sector in Sweden has shown a robust growth trajectory from 2013 to 2023, with a few fluctuations. The sector's value increased from 84.15 billion SEK in 2013 to 146.37 billion SEK in 2023. Notable growth spikes occurred in 2016 (17.05%) and 2021 (20.98%), while 2020 saw a downturn of -8.61% likely due to the COVID-19 pandemic. The Compound Annual Growth Rate (CAGR) for the five years leading up to 2023 stands at 3.61%, indicating a moderate yet steady upward trend.
Looking forward, the forecasted data suggests continued growth, with the sector expected to reach 173.43 billion SEK by 2028. The forecasted 5-year CAGR (2024-2028) is projected at 2.69%, reflecting a slight deceleration compared to the past decade's performance.
Future trends to watch for:
- Increased digital transformation and demand for technology-based consulting services.
- Impact of global economic uncertainties and potential recessions.
- Demand for sustainability and ESG (Environmental, Social, Governance) consulting.