The value added by the legal, accounting, head offices, and management consultancy activities in Germany is projected to reach €124.58 billion by 2028. With 2023 as the baseline year, significant growth is expected with forecasted values rising from €112.77 billion in 2024 to €121.68 billion in 2027. This reflects a steady year-on-year increase, demonstrating robust sector performance.
Future trends to watch for include:
- Technological advancements reshaping service delivery, particularly in consultancy and accounting.
- Increased regulatory demands paving the way for growth in legal and compliance services.
- Continued globalization fostering cross-border consultancy expansion.
- Sustainability becoming a driving force in advisory services.