The number of employees in the management consultancy sector in Belgium has shown a general upward trend from 2013 to 2023. The sector experienced fluctuations in the early years, with notable year-on-year changes such as a decline in 2014 and significant growth in 2019. By 2023, the number of employees stood at 48.12 thousand, reflecting a steady increase. The five-year CAGR leading to 2023 was 7.14%, indicating robust growth.
Looking ahead, forecast data suggest continued but slower growth, with the sector expected to reach 57.47 thousand employees by 2028. The projected five-year CAGR for this period is 2.81%, highlighting a deceleration compared to previous years. This translates to an overall growth rate of 14.87% over the next five years.
Future trends to watch for include increased demand for digital transformation services, a potential shift towards sustainable business practices, and the impact of economic uncertainties or regulatory changes on the sector's growth trajectory. Additionally, evolving client needs and technological advancements are likely to shape the consultancy landscape significantly.