Between 2013 and 2023, the turnover of management consultancy services in Hungary grew from €1.81 billion to €3.15 billion, recording annual variations ranging from a decline of 8.34% in 2013 to an increase of 20.91% in 2015. The most recent data show a more stable growth with a 1.72% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) stands at 2.74%, indicating a steady but moderate growth trajectory.
Looking ahead, the forecast for the period up to 2028 suggests a continuing upward trend, with the turnover expected to reach €3.41 billion. The forecasted CAGR for the next five years is 1.23%, reflecting a more cautious growth outlook, likely influenced by economic uncertainties and market saturation. Future trends to monitor include the impact of digital transformation on consultancy services, the role of big data analytics, and the increasing demand for sustainability consulting.
