North America Strategy Consulting Market to 2025 - Regional Analysis and Forecasts by Services; and Industry Vertical

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 have led to increasing competition in business sectors with technological advancements and breakthrough innovations driving the North America Strategy consulting market. Smaller firms emerging with disruptive innovations have gained the 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. Every business today strives hard to survive and gain a 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.

The North America Strategy consulting market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the North America Strategy consulting market further. For instance, the regulatory environment in the US has witnessed vast changes in recent times especially post the recently held presidential elections. The Trump led Government had introduced various laws and brought major changes in the legislation implemented on the businesses. Also, these regulations pertained to the hiring of employees, environmental contributions, and some major tax reforms in different industry sectors.

Further, taxes on various imports and exports were also introduced. These initiatives are implemented to enhance the technologies that positively impact on the North America Strategy consulting market. These initiative provide various benefits to the strategy consulting based companies located in the region; thus, increasing the growth of North America Strategy consulting markets. This is further expected to provide the North America Strategy consulting market players to cope up with the rapidly transforming across several industries. This initiative provides multiple benefits to the companies present in this region and thus increasing the growth of North America Strategy consulting market.

On the basis of services, the digital strategy segment is leading the North America Strategy consulting market. However, the business model transformation segment is anticipated to grow at the highest CAGR. Over the past few years, there has been 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 the maximum number of end-users. A 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 a 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.

The overall North America Strategy consulting market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America Strategy consulting market. It also provides an overview and forecast for the Strategy consulting market based on all the segmentation provided with respect to the North America region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts, and key opinion leaders specializing in the Strategy consulting industry. Some of the players present in Strategy consulting market are A.T. Kearney, Inc., Accenture PLC, Deloitte Touche Tohmatsu Limited, Bain & Company, Ernst & Young Ltd., KPMG, McKinsey & Company, Mercer LLC, The Boston Consulting Group, and PwC others.