US Management Consulting Services Market is Segmented by Service Type (Operations Consulting, Strategy Consulting, and More), Client Organization Size (Large Enterprises and Small and Medium Enterprises), Consulting Domain (Enterprise Strategy, Front-Office Transformation, and More), and End-User Industry (BFSI, Life Sciences and Healthcare, and More). The Market Forecasts are Provided in Terms of Value (USD).

Management consultants continue to benefit from the demand for strategic planning and marketing services across commercial and individual markets. Providing varied services to diverse downstream markets with unique needs allows management consultants to weather changing economic conditions. Core business interests, such as strategic planning, came into extra demand when inflationary spikes in 2022 and interest rate increases in 2023 accelerated business costs. Major consultancy firms such as Deloitte and Accenture PLC pivoted to business strategy and financial management consultation services due to businesses’ desire to secure capital and hedge against an increasingly uncertain tariff landscape when pursuing a new investment or acquisition. However, while economic turbulence curtailed consultants’ growth rate, the high service diversification and accelerating adoption of new technologies, such as artificial intelligence (AI), reduced manual labor dependence and strengthened service quality across competitive sectors such as finance. Revenue grew at a CAGR of 3.7% to an estimated $407.3 billion over the past five years, including an estimated 1.1% boost in 2025 alone. Technological change in client markets drove spending on tech-centered consulting services, such as IT design and strategic planning. Companies aiming to advance sustainability, embrace digital transformation and leverage big data analytics expand the need for expert consultants. The ability to hire remote workers broadens the labor pool's quality and scope, but also lessens consultants' negotiating power as other companies can now access previously restricted markets and recruit top talent. Consulting firms are no longer tethered to densely populated areas, allowing relocation to cities with lower rent and labor costs. While technology offers cost savings and expanded markets, it also intensifies competition for labor and clients, curtailing profitability. Moving forward, management consultants are poised to take advantage of favorable economic conditions and a larger digital market that will change how marketing is conducted. While there are low barriers to entry in consulting, with the top 20 firms representing almost one-quarter of firm revenue, small-sized entrants face stiff competition. As consolidation continues, the entry of niche firms specializing in new technology (IT, VR, AR and AI) is expected to increase, as these companies can better compete with larger consulting firms. Broader adoption of social media and digital advertising will provide lucrative opportunities for specialized marketing management consultants, particularly as 54.0% of consumers procure information via social media platforms, per 2024 data from the Pew Research Center. Revenue is poised to grow at a CAGR of 1.1% to an estimated $429.5 billion over the next five years.

In 2024, the management consulting services industry in the United States was worth a total of roughly *** billion U.S. dollars. Between 2013 and 2024, the management consulting services industry grew exponentially and was worth more than *** billion U.S. dollars more in 2024 than in 2013.

The Management Consulting Services Market Report Segments the Industry Into by Service Type (Strategy Consulting, Operations Consulting, HR Consulting, and More), End-User Industry (IT and Telecommunications, Healthcare and Life Sciences, and More), Organization Size (Large Enterprises, and Small and Medium-Sized Enterprises), Delivery Model (On-Site Consulting, On-Site Consulting, and Hybrid Consulting), and Geography.

The North America Management Consulting Services Market Report is Segmented by Organization Size (Large Enterprises, and Small and More), Service Type (Strategy Consulting, Operations Consulting, and More), Delivery Model (On-Site Consulting, and Remote/Virtual Consulting), End-User Industry (IT and Telecommunications, Healthcare and Life Sciences, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Expert industry market research on the Management Consulting in the US (2025-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

The United States Strategic Consulting Market is Segmented by Client Industry (Healthcare, BFSI, and More), by Organization Size (Large Enterprises (Greater Than $1 B), Mid-Market ($100 M–$1 B), and SMEs (Less Than $100 M). The Market Forecasts are Provided in Terms of Value (USD).

US Management Consulting Services Market size was valued at USD 30.76 Billion in 2024 and is projected to reach USD 47.23 Billion by 2032, growing at a CAGR of 6.3% from 2026 to 2032.US Management Consulting Services Market: Definition/ OverviewIn the US, management consulting services are professional advising services provided to firms in order to improve overall performance, efficiency, and profitability. These services often include assessing business difficulties, finding development prospects, and offering specific improvement measures. Operations, finance, human resources, marketing, technology, and strategy are all areas where management consultants from the United States may help. Consultants assist firms in streamlining processes, optimising resources, and achieving long-term business objectives by using industry experience and analytical abilities. The management consulting services industry in the United States is extensive, serving industries such as healthcare, banking, technology, manufacturing, and government.

The management consulting industry was valued at roughly ************ U.S. dollars in 2023. The market value of the industry peaked in 2022 and was expected to grow to an even higher figure in 2024. The industry also reached its first evaluation of more than ************ dollars in 2022.

US Tariff Impact on Market

The US tariffs on foreign consulting services and technology products have impacted the global management consulting services market, especially in segments like technology consulting. The increased tariffs on IT services, software, and hardware components have raised the cost of providing consulting services, particularly for technology and digital transformation projects.

Tariffs have led to a 5-10% price increase in consulting fees, affecting both consulting firms and their clients. This has resulted in higher project costs for companies, which could delay or reduce demand for consulting services. The US consulting market is particularly vulnerable due to its high reliance on imported technology and services, with technology consulting being the most impacted segment.

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Economic Impact
Increased tariffs have raised operational costs for consulting firms, resulting in higher fees for clients. The added cost burden may reduce demand for certain services, particularly in price-sensitive industries.

Geographical Impact
US-based consulting firms, reliant on foreign technologies and expertise, face cost increases, which can make them less competitive compared to firms from tariff-free regions like Europe or Asia-Pacific.

Business Impact
US consulting firms may need to adjust their pricing strategies to maintain profit margins, potentially leading to lower demand from small and medium-sized enterprises (SMEs), which are more sensitive to cost hikes.

The Global Management Consultants industry has thrived during a volatile economic period because its strategic guidance is essential to businesses' ability to navigate disruption. Although the global economy has grown, the pandemic, inflation and geopolitical shocks have forced businesses to significantly overhaul their supply chains amid ongoing technological advancements that are reshaping business operations. Consultants have been key to assisting companies with tech-driven solutions, informing companies how to maintain competitiveness in an evolving landscape. Consequently, industry revenue is forecast to expand at an annualized rate of 3.6% to $1.0 trillion over the past five years, with growth slowing to 1.1% in 2025 because of global trade disruptions.The United States has been the backbone of the industry, accounting for the majority of North American revenue, which has an estimated global share of 40.0%. However, emerging markets in Asia and Latin America have been a key source of growth as they seek to expand their commercial sectors, creating new opportunities for management consultants. Across the world, management consulting firms have been tasked with helping the world’s largest corporate players adapt to disruption. This has been especially true in China, where manufacturers’ supply chains have come under political scrutiny. Consultants have been key to navigating this landscape, helping companies adjust their strategies as they reorient their supply chains. However, these costly services have forced firms into competition for highly skilled employees, raising wage costs at the expense of profit.Consultants will remain essential in the years to come as businesses worldwide adapt to the digital economy. While the US will remain the industry’s lynchpin with opportunities in tech, healthcare and finance sectors, consultants will also be essential to Europe’s green transition. And as global markets continue to fare with substantial disruption to global trade from wide-ranging tariffs imposed by the second Trump administration, management consultants will be essential to helping businesses reorient supply chains. Despite a bumpier economic outlook, industry revenue is forecast to grow at an annualized rate of 1.1% to $1.1 trillion through 2030.

According to consultants working in the United States, Bain & Company was the best consulting firm to work for in North America in 2024, with a score of approximately 9.31. Second in the ranking came Boston Consulting Group, followed by Alvarez & Marsal. The scores for best consulting firms to work for was calculated using a weighted formula which included how competitors rated the prestige of other consulting firms. McKinsey & Company was ranked as the most prestigious consulting firm in 2024. Revenue figures of the best-rated consulting firms Many of the top management consulting firms do not publish their financial results. This is due to their private ownership structures, competitive strategy, and cultural preferences within the industry. The top firms that do, however, have generated billions of U.S. dollars in revenue. The Big Four audit/accounting firms regularly publish their financial figures. The revenue of Deloitte worldwide, for example, was over 67 billion U.S. dollars in 2024. Compare this to the combined revenue of EY worldwide, that reached 51 billion U.S. dollars in the same year. These are remarkable financial figures that have shown no sign of slowing down.

Energy and utility consulting services have thrived throughout the period, as fluctuations among mining and energy extraction companies caused them to seek the aid of consultants. While the period started with a dip in revenue, it was minimal compared to the rest of the economy, as energy and utility markets were finding ways to adjust their operations amid turmoil. As the effects of the pandemic waned, energy and metal prices soared, which made consultants even more critical. This uptick in prices led to surges in corporate profit, allowing businesses to pay extra and bolstering revenue. Overall revenue is estimated to swell at a CAGR of 6.4% to reach $7.3 billion through 2025, including a 1.6% uptick in 2025 alone, as constantly changing regulations will keep the need for consulting elevated. The industry's focus has shifted towards decarbonization and investment in renewable energy sources like solar and wind. Consulting companies have played a pivotal role in helping businesses implement energy-saving technologies, from advanced analytics and IoT to grid enhancements. Regulatory changes, particularly under the Biden administration, have intensified the need for consultants adept at navigating new compliance requirements. Consolidation in mining and energy has also spurred the need for consulting expertise in due diligence and financial structuring. Consultants are poised for continued growth in the energy and utility consulting sector. The drive towards electrification, spurred by significant investments like the Infrastructure Investment and Jobs Act, will boost the need for consulting services. As more environmental regulations come into play, businesses will increasingly rely on consultants to develop and execute compliance strategies. The ongoing trend towards sustainability will create new opportunities for consultants to assist clients in integrating renewable energy and optimizing energy storage solutions. Advanced technologies like AI and data analytics will continue to be both consultants' tools and their clients' value-added offerings. As a result, technology consulting will remain the largest growth opportunity for new and existing consultants. Overall, revenue is set to swell at a CAGR of 1.8% through the end of 2030, reaching $7.9 billion.

This statistic shows the revenue of the industry “management consulting services“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of management consulting services in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.

South America Management Consulting Services Market Report is Segmented by Organization Size (Large Enterprises, and Small and Medium-Sized Enterprises), Service Type (Strategy Consulting, and More), Delivery Model (On-Site Consulting, and Remote/Virtual Consulting), End-User Industry (IT and Telecommunications, Healthcare and Life Sciences, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global consulting market reached a value of *** billion U.S. dollars. Due to the coronavirus outbreak, this figure is estimated to decrease to *** billion U.S. dollars in 2020. Management consulting market Management consulting is the industry and practice of helping organizations improve their performance by analyzing existing problems and development plans for improvement. Organizations hire management consulting firms to gain external advice or when they need specialized expertise and services which are offered by consultants include strategy, operations, financial advisory, human resources and internet technology. The largest markets for consulting services include operations and financial advising, more than double the human resources and strategy markets. However, all the management consulting markets are seeing average growth each year. In 2020, the top consulting firms in the United States by prestige rating were McKinsey & Company, followed by the Boston Consulting Group and Bain and Company. McKinsey & Company also was ranked as the best employer to work for. The Boston Consulting Group came second, followed by Bain & Company. The number of people employed in management consulting in the United States has grown annually over the past five years and in 2019 there were nearly ******* management consultants employed in the U.S. Despite the increasing number of consultants, finding and keeping good employees was one of the leading business challenges for management consulting firms. The most pressing issue for companies was, by far, attracting and developing new businesses, with ** percent of senior managers citing this a leading challenge.

In 2024, Deloitte generated a revenue of approximately 33 billion U.S. dollars in the United States. This was a record turnover for the firm, beating the last record set in the previous year by roughly 300 million U.S. dollars.

Gain insights into the USA Management Consulting Services Market size at USD 58 billion in 2023, featuring Top Players, Market Forecasts & Outlook, and Growth Opportunities.

Demand for marketing consultants has been solid over the past five years despite significant volatility. The COVID-19 pandemic hindered corporate profit and advertising expenditure, hampering marketing consultants' performance. Despite this, demand from retailers remained high since online advertising remained essential when most employees were working from home, preventing revenue from falling in 2020. Spending on marketing consulting services surged in 2021 and 2022 as the pandemic recovery caused corporate profit to skyrocket. Business income growth recently slowed as higher interest rates induced recessionary fears, contributing to a modest drop in revenue in 2023. Rate cuts in 2024 lessened these recessionary fears, causing marketing consultants' income to return to growth. Providers could benefit from further rate cuts in 2025 as the Federal Reserve reacts to the negative impacts of recently imposed tariffs on the US economy. Overall, revenue for marketing consultants has expanded at a CAGR of 3.2% over the past five years, reaching $88.4 billion in 2025. This includes a 1.8% jump in revenue in that year. The landscape for marketing consultants has also changed over the past few years. In particular, a significant number of small boutique consultancies have entered the industry, competing with larger firms by offering services at a lower cost and providing specialized advice tailored to specific areas of marketing, such as digital advertising or social media. This expansion of niche consultancies, along with other nonemployers and small businesses, has increased entry into the industry and reduced market share concentration. Greater internal competition has spurred cost-based competition among marketing consultants, causing profit to creep downward since 2020. Moving forward, providers will face mixed pressures as tariffs could threaten short-term revenue, while long-term growth looks modestly positive because of steady economic expansion. Digitization and shifting consumer behavior will push consultants to specialize in online advertising, niche industries and social media strategies. At the same time, technology—particularly AI, VR and AR— will transform campaign optimization, personalization and customer engagement, unlocking new revenue streams and positioning consultants to expand geographically and strengthen market competitiveness. Overall, revenue for marketing consultants is forecast to expand at a CAGR of 2.4% in the next five years, reaching $99.3 billion in 2030.

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Consulting Services Segment Market Size 2024-2028

The consulting services segment market size is forecast to increase by USD 134.9 billion at a CAGR of 7.2% between 2023 and 2028. In the consulting services market, there are several key trends shaping industry growth. First, there is a growing demand for decarbonization consulting as organizations adopt net zero strategies to reduce their carbon footprint. This trend is particularly prevalent in industries such as human resources, IT and telecommunications, technology advisory, life sciences, and financial services. Additionally, Cybersecurity issues continue to pose significant challenges for professional services firms, necessitating a focus on security solutions. Another trend is the increasing importance of technology advisory services, as businesses seek expert guidance on implementing advanced technologies to drive growth and efficiency. Overall, these trends underscore the need for consulting firms to stay abreast of emerging industry trends and offer innovative solutions to meet evolving client needs.

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Technology-driven consulting services play a pivotal role in helping organizations navigate digital transformations and optimize operational performance. This article explores the significance of technology-driven consulting in various industries, including IT and telecommunications, financial services, energy, life sciences, and more. A Game Changer in Business Technology-driven consulting refers to the practice of leveraging external expertise to help businesses make informed decisions regarding technology investments and implementations. This type of consulting encompasses various domains, such as data analytics, artificial intelligence (AI), machine learning, automation, augmented and virtual reality, and cloud-based platforms. Data-Driven Insights for Strategic Planning Data analytics is a crucial aspect of technology-driven consulting. By analyzing large datasets, businesses can gain valuable insights into customer behavior, market trends, and operational efficiency. These insights, in turn, inform strategic planning and help organizations stay competitive. Enhancing Operational Capabilities Artificial intelligence and machine learning are transforming industries by automating repetitive tasks and enabling predictive analytics. Technology-driven consulting firms help businesses integrate these technologies into their operations, streamlining processes and improving overall performance. Protecting Digital Assets As businesses increasingly rely on digital platforms, cybersecurity becomes a top priority.

Technology-driven consulting services can help organizations assess their cybersecurity risks and implement vital security measures to protect sensitive data and maintain regulatory compliance. Human Resources and Legal Compliance Technology-driven consulting also plays a crucial role in human resources management and legal compliance. Firms specializing in technology advisory can help organizations navigate labor laws, ensuring they remain compliant while optimizing their workforce and implementing technology solutions. Industry-Specific Expertise Technology-driven consulting services cater to various industries, including banking, healthcare, and energy. In the banking sector, consulting firms help financial institutions implement digital solutions, optimize operations, and maintain regulatory compliance. In healthcare, technology consulting enables organizations to improve patient care, streamline processes, and enhance data security. Energy consulting focuses on optimizing energy production and distribution, reducing costs, and improving operational efficiency. In conclusion, technology-driven consulting services are essential for businesses seeking to make informed strategic decisions and optimize operational performance. By leveraging external expertise in domains such as data analytics, AI, machine learning, automation, cybersecurity, and human resources management, organizations can stay competitive and adapt to the ever-evolving business landscape.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Management consulting
  IT Consulting
  Financial Consulting
  Marketing Consulting
  Others


Consumer

  Large enterprises
  Small and medium enterprises


Geography

  North America

    US


  Europe

    Germany
    UK
    France
    Spain


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

    Brazil

By Type Insights

The management consulting segment is estimated to witness significant growth during the foreca