The production value of business and other management consultancy activities in Sweden stood at 10.2 billion euros in 2023, showing signs of recovery after experiencing fluctuations in past years. The value had dropped significantly in 2020 but has stabilized since then, with a slight year-on-year increase of 0.061% for both 2022 and 2023. Over the last two years, the market's variation percentage has been minuscule, reflecting a period of consolidation. The five-year CAGR up to 2023 was -1.11%, a sign of past volatility. Forecasts indicate nominal growth with a forecasted five-year CAGR of 0.04% and an expected stabilization of about 10.23 billion euros by 2028.
Future trends to watch for:
-The impact of digitalization on consultancy services.
-Growth potential driven by emerging business needs in sustainability and ESG compliance.
-The influence of global economic conditions on Sweden's consultancy market.
