The production value of business and other management consultancy activities in Austria saw steady year-on-year growth from 2013 to 2023, reaching 3.07 billion euros in 2023. Looking at the percentage variations, the sector experienced an average annual growth rate (CAGR) of 3.03% over the past five years. The highest year-on-year growth occurred in 2014 and 2019, at 7.11% and 7.19%, respectively, while a slight contraction was noted in 2018. Despite minor fluctuations, the sector maintained an upward trajectory, indicating its resilience and ongoing demand.
Future trends to watch for:
- Continued digital transformation driving demand for innovative consultancy solutions.
- Increased focus on sustainability consultancy as businesses aim to meet environmental regulations.
- The sector’s forecasted growth rate of 1.82% CAGR from 2024 to 2028, suggesting a steady but more moderated expansion.
