The management consultancy services turnover in Austria stood at 35.1 million euros in 2023. From 2014 to 2023, the sector experienced significant fluctuations with an average year-on-year variation ranging from a high of 11.49% in 2016 to a low of -26.61% in 2018. Over the last two years, from 2021 to 2023, there has been a notable decline with a year-on-year decrease of approximately 6.65% each year. The Compound Annual Growth Rate (CAGR) over the last five years has been negative at -4.11%, indicating a downward trend.
Looking forward, forecast data from 2024 to 2028 indicates a persistent decline with a forecasted five-year CAGR of -7.67%. This would result in a cumulative growth rate of -32.92% by 2028, suggesting that the industry's turnover will continue to contract significantly. Future trends to watch for include potential shifts in market demand driven by technological advancements, economic conditions, and changes in corporate expenditure on consultancy services.
