Worldwide and U.S. Business Consulting Services Market Shares, 2022: Investment in Cutting-Edge Tech Pays Off

This IDC study discusses the performance of the business consulting firms for 2022."2022 was a transition year for the business consulting services market. The down market in 2020 flipped in 2021 to a solid year for business consulting. 2022 remained strong for the largest providers of business consulting. These providers supported their clients by partnering with them to quickly make their clients digitally capable or otherwise providing transformative support to meet new market dynamics. Not all consultancies were able to make this pivot and lost business in the process. For larger players with broad capabilities and the ability to flex to their clients' needs, the year was a positive one. Looking forward, we see decent opportunities for market escalation, with the largest providers maintaining solid growth." - Bill Latshaw, research director, Worldwide Business Consulting Services