The turnover in management consultancy activities in Spain witnessed significant growth from 2013 to 2023, standing at 6.5 billion euros in 2023. The period between 2013 and 2023 saw variable growth rates, highlighting both peaks and declines. Notable increases occurred in 2014 (14.99%), 2016 (19.35%), and 2019 (20.13%), while there were dips in 2018 (-7.53%) and 2020 (-4.38%). The recent years of 2022 and 2023 saw modest growth rates of 2.68% and 2.57%, respectively. The compound annual growth rate (CAGR) over the last five years until 2023 was 4.62%.
Future projections indicate steady growth with an expected turnover of 7.29 billion euros by 2028, driven by a forecasted 5-year CAGR of 1.8% and a total growth rate of 9.35% over the period. This points towards a stable yet promising upward trend in the industry.
Future trends to watch for include technological advancements driving demand for consultancy services, a potential increase in outsourcing by larger firms, and evolving regulatory environments influencing consultancy requirements.
