Press release
Organization And Change Management Consulting Market Size, Share, Trend And Forecast Upto 2033
Organization And Change Management Consulting Market
The organization and change management consulting market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing focus on sustainability and corporate social responsibility, increasing rate of illness in people across the globe, increasingly stringent AS9100 quality, standards, increasing adoption of home care and personal care products, increase in technology costs. Major trends in the forecast period include technological developments, implementing cloud-based solutions, implementation of new change management methodologies, enhancing their overall technological infrastructure, adopting agile frameworks.
Market Overview -
Organization and change management consulting refers to a specialized field within management consulting that focuses on assisting organizations in improving their performance, efficiency, and effectiveness through organizational change. It facilitates smooth organizational changes by identifying necessary adjustments, designing strategic plans, and assessing progress.
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Sustainability's Impact On Organization And Change Management Consulting Market
The increasing focus on sustainability is expected to propel the growth of the organization and the change management consulting market going forward. Sustainability refers to meeting the needs of the present without compromising the ability of future generations to meet their own needs. The demand for sustainability is increasing due to several key factors, such as growing awareness among consumers, investors, and stakeholders about the environmental and social impact of business activities and the long-term economic benefits of sustainability. Sustainability presents significant opportunities for organization and change management consulting to add value to organizations by providing strategic guidance, driving organizational change, facilitating performance improvement, and enhancing stakeholder engagement. For instance, in February 2024, according to reports published by the TravelPerk Report, a Spain-based travel-management company and pioneer in the future of business travel, an estimated 98% of companies on the S&P 500 index published sustainability reports in 2022, compared to 96% in 2021, showing an increasing focus on sustainability within businesses. Therefore, the increasing focus on sustainability is driving the growth of the organization and change management consulting market.
Competitive Landscape -
Major companies operating in the organization and change management consulting market are Hitachi Consulting Corporation, Deloitte Touche Tohmatsu Limited, Accentur*e plc, International Business Machines Corporation (IBM), PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited (EY), KPMG International Cooperative, Tata Consultancy Services Ltd., Capgemini SE, Cognizant Technology Solutions Corporation, Aon Hewitt LLC , Atos Consulting, The Boston Consulting Group Inc., McKinsey & Company Inc., CGI Inc., Willis Towers Watson plc, Booz Allen Hamilton Holding Corporation, Bain & Company Inc., Genpact Ltd., Oliver Wyman Group, Mercer LLC, Arthur D. Little Inc., Simon-Kucher & Partners Strategy & Marketing Consultants GmbH, Buck Global LLC, PA Consulting Group Ltd., Intellecap Advisory Services Pvt. Ltd., Kapronasia Limited, SINICA CONSULTING, PricewaterhouseCoopers (PwC), A.T. Kearney Inc
AI Services For Customizing Foundation Models In Organization And Change Management Consulting
Major companies operating in the organization and change management consulting market are developing innovative advanced solutions, such as a comprehensive set of new services using generative AI to improve strategic planning and operational efficiency. Artificial intelligence (AI) services include a wide range of solutions, methodologies, and technologies that allow machines to replicate human cognitive capabilities such as learning, problem solving, and decision-making. For instance, in November 2023, Accentur*e plc, a US-based professional services company specializing in information technology (IT) services, launched a comprehensive set of new services tailored to assist companies in customizing and scaling the value of generative AI. These services include a proprietary generative AI model switchboard that allows users to select models based on factors such as cost, accuracy, or business context. Additionally, it offers customization of large language models (LLMs) for specific use cases and data sources, along with managed services for continuous fine-tuning and prompt engineering.
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Key Segments -
The organization and change management consulting market covered in this report is segmented -
1) By Service Type: Strategy Development, Organizational Change, Technology Adoption, Process Improvement, Leadership Development
2) By Consulting Approach: Agile Change Management, Traditional Change Management, Others
3) By Emerging Trends: Sustainability, Remote Work, Diversity, Inclusion
4) By Industry Vertical: Healthcare, Financial Services, Manufacturing
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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