The North America Strategy consulting market accounted for US$ 22.44 Bn in 2017 and is expected to grow at a CAGR of 7.1% over the forecast period 2018-2025, to account for US$ 38.65 Bn in 2025. Factors including rapid digitalization has led to increasing competence in business sectors with technological advancements and breakthrough innovations driving the North America Strategy consulting market. Smaller firms emerging with disruptive innovations have gained reputation as market disruptors as they pose challenges to the business of larger firms. In simpler words, the business arena today is characterized by cut-throat competition. Each and every business today strives hard to survive and gain competitive advantage in the market outpacing its competitor. Further, the changing economics, trade relations, Government in a particular region drive the changes in the way businesses are to be done. The market players are focusing on various initiatives to enhance its reach and boost its position in the North America Strategy consulting market.
- A.T. Kearney, Inc.
2. Accenture PLC
3. Deloitte Touche Tohmatsu Limited
4. Bain & Company
5. Ernst & Young Ltd.
7. McKinsey & Company
8. Mercer LLC
9. The Boston Consulting Group
On the basis of services, the digital strategy segment is leading the North America Strategy consulting market. However, the business model transformation segment are anticipated to grow at a highest CAGR. Over the past few years, there has been a significant growth in the number of smartphone and internet users, in the developing and emerging countries. This is attributed to the constantly decreasing prices of internet and smart devices as well as rising affordability of people in these countries. With the adoption of digital solutions, organizations are being able to reach maximum number of end-users.
Digital strategy helps in depicting the crux between the successful and failed strategies. The elements from the strategy and IT organization are brought together and the offerings including development of strategy for digital operations, design of online strategy or corporate IT, and analytics or cloud transition draft, are formulated. Currently, the market players are looking ahead to support North America Strategy consulting industry by innovating advanced technological components.
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