The number of employees in the management consultancy activities sector in Austria stood at 19.47 thousand in 2023. Over the past two years, the sector experienced consistent growth, with year-on-year variations of 1.55% in 2022 and 1.51% in 2023.
Looking at the longer-term trend, the industry saw fluctuations but maintained a general upward trajectory. The compounded annual growth rate (CAGR) over the last five years was 1.53%, indicating steady expansion.
Forecasted data suggests that the number of employees will continue to grow, reaching 20.88 thousand by 2028. The forecasted CAGR of 1.11% over the next five years highlights a more stable yet consistent growth pattern.
Future trends to watch for include the increasing demand for digital transformation consultancy, evolving client needs in sustainability, and the potential impact of AI and automation on the consultancy workforce dynamics.