The employment in the Management Consultancy Activities sector in Sweden showed steady growth from 2013 to 2017, with year-on-year variations mostly in positive territory, reaching a peak in 2017 with a 7.95% increase. This upward trend was disrupted in 2018, where employment fell significantly, followed by a period of fluctuations with slight gains and losses. As of 2023, employment stood at 54.46 thousand, indicating a minor decrease from previous years. The 5-year Compound Annual Growth Rate (CAGR) up to 2023 is calculated at -0.49%, suggesting a slight downward trend in recent years.
Forecasted data from 2024 to 2028 suggest a continued gradual decline in employment, with the sector anticipating an average annual decrease, as reflected in the forecasted 5-year CAGR of -0.21%. By 2028, employment is expected to slightly decrease to 53.75 thousand, reflecting a -1.04% total reduction from 2023.
Future trends to watch for:
- Impact of automation and digital transformation on consultancy services.
- Shifting demand towards specialized consulting areas such as sustainability and technology management.
- Potential market consolidation and mergers in response to competitive pressures.
- Economic factors influencing business investment in consultancy services.
