The turnover in the Management Consultancy Activities sector in Denmark has demonstrated steady growth over the past decade, reaching 29.63 billion Danish Krones in 2023. Year-on-year variation highlights an overall positive trend, despite minor fluctuations. The sector saw notable growth spikes in 2015 (11.38%) and 2019 (11.73%), but experienced a decline in 2020 (-6.4%) likely due to the COVID-19 pandemic. Over the past two years, the growth rates were more modest, with 1.96% in 2022 and 1.9% in 2023. The 5-year CAGR from 2018 to 2023 stands at 2.38%.
Looking forward, the sector is expected to continue its upward trajectory although at a slower growth rate. The forecasted data indicates a 5-year CAGR of 1.38% from 2024 to 2028, resulting in a total growth rate of 7.08% over this period. The forecast suggests that the turnover will reach 32.31 billion Danish Krones by 2028.
Future trends to watch for include increased digital transformation initiatives, adoption of advanced analytics, and a heightened focus on sustainable business practices. These factors are expected to drive the demand for management consulting services in Denmark moving forward.
