European Management Consulting Market 2010 shows increase in revenues
The 2010-2011 FEACO survey of the European management consulting market conducted in collaboration with the national management consulting associations in Europe shows that the size of the consulting market increased from 83,7 billion € in 2009 to 86,2 billion € in 2010, which means an increase of 2.9%, which was higher than the forecasted 1.6%.
Business Consulting services remains the largest segment at 50% with an impressive increase of 7% followed by Development and Integration at 19%, and IT Consulting at 15%, both slightly higher than 2009. Outsourcing, at 12%, shows a 7% decline from the previous year. In 2010 Banking and Insurance was the dominant client sector in most countries, followed by Industry and the Public Sector.
Germany remains the largest consulting market in Europe followed by the United Kingdom, Spain and France. This country ranking has remained stable over the last few years as have annual increases in market size in these leading consulting markets.
For 2011 the forecast for the European consulting market is positive, with an increase by 3.3% to an estimated value of 89 billion euro.
The report contains quantitative information, statistics and charts, on the European Management Consulting market and qualitative information: trends and developments on local European markets: Austria, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Portugal, Romania, Slovenia, Spain, Switzerland and the UK.
A complementary copy of the FEACO Survey of the European Management Consultancy Market 2010/2011 (about 35 pages) is now available on the Feaco website.
* FEACO is the European umbrella organization for 17 national Management Consultancies Associations.
** Please note the data contained in the report was gathered in the spring of 2011.
FEACO European Federation of Management Consultancies - Associations Fédération Européenne des associations de conseils en organisation