Operations Advisory Service Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 294.69 Billion |
| Market Size (2029) | USD 367.23 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Operations Advisory Service Market Analysis
The Operations Advisory Service Market size is estimated at USD 294.69 billion in 2024, and is expected to reach USD 367.23 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
Operations Advisory helps organizations drive continuous improvement methodologies to achieve the maximum value potential of their business operations. Operations Advisory focuses on transformation services designed to help finance controllers, finance managers, and CFOs to streamline their end-to-end process for various functions.
Operations consulting aims to boost the processes, ways of working, and underlying systems across various areas. Sales & Marketing, Supply Chain, Sourcing & Procurement, Finance, and Research & Development are the largest areas in size. Sales look into how sales operations can be improved, including boosting channel management, professionalizing the level of customer support (i.e., from call centers to specialized helpdesks), and advancing engagement with clients, commonly referred to as customer relationship management (CRM). Other areas under Sales include optimizing account & promotion management, Sales & Operations Planning (S&OP), and improving workforce effectiveness. Among others, marketing encompasses customer & market research, marketing intelligence, product design & engineering, category management, and customer experience & loyalty.
The covid-19 outbreak negatively affected the global Operations Advisory service industry due to instability in global financial sectors, the economic downturn, and a highly volatile market. Operations management is at the heart of most management issues, and a large share of consulting firms provide services in one key area. The Operations Advisory Service Market developed swiftly in recent years and significantly contributed to the global financial situation regarding growth rate, market share, and sales generation.
Operations Advisory Service Market Trends
Increasing Revenue of the IT consulting & Implementation Services
Businesses across various industries are undergoing digital transformation to enhance their operations and stay competitive. IT consulting services play a crucial role in advising and implementing digital strategies. The increasing adoption of cloud computing services has led to a growing demand for IT consulting to help businesses migrate to the cloud, optimize cloud usage, and ensure security. Heightened awareness of cybersecurity threats has led organizations to invest in IT consulting services to assess, enhance, and implement robust cybersecurity measures.
The importance of data analytics and business intelligence for informed decision-making has driven businesses to seek IT consulting services to implement and optimize analytics solutions. The shift to remote work, accelerated by the global pandemic, has increased the need for IT consulting services to enable and secure remote work environments, including collaboration tools and virtual infrastructure. The integration of artificial intelligence (AI) and machine learning (ML) technologies into business processes has created opportunities for IT consulting services to guide organizations through implementation and optimization.
Increasing Number of Management Consultants Employed in the North America
During periods of economic growth, businesses often seek management consultants to help optimize their operations, improve efficiency, and navigate changes in the business environment. Companies undergoing significant transformations, mergers, or reorganizations often hire management consultants to guide them through the process and implement best practices. The increasing importance of technology and digitalization has led many companies to seek expertise in these areas, driving demand for consultants with relevant skills.
Management consultants are often brought in to assist with strategic planning, helping companies identify opportunities for growth, market expansion, and competitive advantage. As regulations evolve, companies may hire consultants to ensure compliance and manage risks effectively. Consultants with specialized skills, such as those in data analytics, artificial intelligence, or sustainability, are often in demand as businesses seek to leverage these capabilities. Certain industries, such as healthcare, finance, and technology, see increased demand for consultants as they address sector-specific challenges and opportunities.
Operations Advisory Service Industry Overview
The report covers major players operating in Operations Advisory Services Market. In terms of market share, few of the major players currently dominate the market. The report presents detailed profiling of a few major companies, including product offerings, regulations governing them, their headquarters, and financial performance. These players adopted various techniques to increase their market penetration and strengthen their position in the industry. The major market players are Deloitte, PricewaterhouseCoopers, KPMG International, McKinsey, and Company, and Ernst & Young Global Limited.
Operations Advisory Service Market Leaders
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KPMG
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Deloitte
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PricewaterhouseCoopers
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McKinsey and Company
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Ernst & Young Global Limited
*Disclaimer: Major Players sorted in no particular order
Operations Advisory Service Market News
- February 2023: McKinsey & Company launched its QuantumBlack subsidiary in the Middle East, opening for business from its offices in Egypt, Saudi Arabia, and the United Arab Emirates.
- January 2023: The EY organization was named BlackLine 2022 Global Consulting Partner of the Year. This award acknowledges the organization's alliance with BlackLine and its client value by supporting, streamlining, and automating financial close and intercompany accounting operations and processes.
Operations Advisory Service Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Insights on Various Regulatory Trends Shaping the Market
- 4.5 Insights on impact of technology in the Market
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4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Organization Size
- 5.1.1 Large Enterprises
- 5.1.2 Small & Medium-Sized Enterprises
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5.2 By Industry Vertical
- 5.2.1 BFSI
- 5.2.2 IT and Telecom
- 5.2.3 Manufacturing
- 5.2.4 Retail And E-Commerce
- 5.2.5 Public Sector
- 5.2.6 Healthcare
- 5.2.7 Others
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5.3 By Application
- 5.3.1 Supply Chain
- 5.3.2 Financial operations
- 5.3.3 Human Resource Operations
- 5.3.4 Project Management
- 5.3.5 Process Management
- 5.3.6 Manufacturing Operations
- 5.3.7 Others
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 USA
- 5.4.1.2 Canada
- 5.4.1.3 Rest of North America
- 5.4.2 South America
- 5.4.2.1 Argentina
- 5.4.2.2 Brazil
- 5.4.2.3 Rest of South America
- 5.4.3 Europe
- 5.4.3.1 UK
- 5.4.3.2 Germany
- 5.4.3.3 France
- 5.4.3.4 Rest of Europe
- 5.4.4 Asia-Pacific
- 5.4.4.1 China
- 5.4.4.2 Japan
- 5.4.4.3 India
- 5.4.4.4 Rest of Asia-Pacific
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 Egypt
- 5.4.5.3 UAE
- 5.4.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concetration Overview
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6.2 Company Profiles
- 6.2.1 Deloitte
- 6.2.2 PricewaterhouseCoopers
- 6.2.3 KPMG International
- 6.2.4 McKinsey and Company
- 6.2.5 Ernst & Young Global Limited
- 6.2.6 A.T. Kearney, Inc.
- 6.2.7 The Hackett Group
- 6.2.8 Bain & Company
- 6.2.9 Boston Consulting Group
- 6.2.10 Accenture*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Operations Advisory Service Industry Segmentation
Operations consulting, or operations management, is advisory and implementation services that improve a company's internal operations and performance in the value chain.
Operations Advisory Service Market is segmented by organization size (large enterprises and small & medium-sized enterprises), industry vertical (BFSI, IT and Telecom, manufacturing, retail, and e-Commerce, public sector, healthcare, and others), application (supply chain, financial operations, human resource operations, project management, process management, manufacturing operations, and others), and region (North America, South America, Asia-Pacific, Europe, and Middle East & Africa). The report offers market size and forecasts for the Operations Advisory Service Market in value (USD) for all the above segments.
| By Organization Size | Large Enterprises | |
| Small & Medium-Sized Enterprises | ||
| By Industry Vertical | BFSI | |
| IT and Telecom | ||
| Manufacturing | ||
| Retail And E-Commerce | ||
| Public Sector | ||
| Healthcare | ||
| Others | ||
| By Application | Supply Chain | |
| Financial operations | ||
| Human Resource Operations | ||
| Project Management | ||
| Process Management | ||
| Manufacturing Operations | ||
| Others | ||
| By Geography | North America | USA |
| Canada | ||
| Rest of North America | ||
| By Geography | South America | Argentina |
| Brazil | ||
| Rest of South America | ||
| By Geography | Europe | UK |
| Germany | ||
| France | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Rest of Asia-Pacific | ||
| By Geography | Middle-East and Africa | Saudi Arabia |
| Egypt | ||
| UAE | ||
| Rest of Middle-East and Africa |
Operations Advisory Service Market Research FAQs
How big is the Operations Advisory Service Market?
The Operations Advisory Service Market size is expected to reach USD 294.69 billion in 2024 and grow at a CAGR of 4.5% to reach USD 367.23 billion by 2029.
What is the current Operations Advisory Service Market size?
In 2024, the Operations Advisory Service Market size is expected to reach USD 294.69 billion.
Who are the key players in Operations Advisory Service Market?
KPMG, Deloitte, PricewaterhouseCoopers, McKinsey and Company and Ernst & Young Global Limited are the major companies operating in the Operations Advisory Service Market.
What years does this Operations Advisory Service Market cover, and what was the market size in 2023?
In 2023, the Operations Advisory Service Market size was estimated at USD 282 billion. The report covers the Operations Advisory Service Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Operations Advisory Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Operations Advisory Service Industry Report
Statistics for the 2024 Operations Advisory Service market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Operations Advisory Service analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
