The number of employees in the management consultancy activities sector in Italy has shown consistent growth from 2013 to 2023. In 2023, the sector stood at approximately 102,000 employees, marking a 3.88% increase from the previous year. Over the past two years, the sector experienced a stable year-on-year growth, 4.08% in 2022 and 3.88% in 2023. An examination of the CAGR over the last five years reveals an average annual growth rate of approximately 4.04% from 2018 to 2023.
Looking ahead, the forecast from 2024 to 2028 shows a moderate yet continued upward trajectory with a forecasted 2.65% CAGR. By 2028, the sector is expected to reach roughly 120,500 employees, representing a 13.95% growth rate over the next five years.
Future trends to watch for include:
- Digital transformation driving demand for specialized consultancy services.
- Potential market saturation and its impact on growth rates.
- Economic factors and regulatory changes influencing the sector.