North America Public Sector Consulting And Advisory Services Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 13.98 Billion |
| Market Size (2029) | USD 18.88 Billion |
| CAGR (2024 - 2029) | 6.19 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Public Sector Consulting And Advisory Services Market Analysis
The North America Public Sector Consulting And Advisory Services Market size is estimated at USD 13.98 billion in 2024, and is expected to reach USD 18.88 billion by 2029, growing at a CAGR of 6.19% during the forecast period (2024-2029).
As populations grow and expectations for citizen services rise, governments increasingly turn to consulting services for specialized expertise. With government programs becoming more intricate, there is a heightened need to navigate regulations and achieve desired outcomes efficiently. This complexity, coupled with the pressure to enhance spending efficiency, is driving a surge in demand for consulting services. These services aim to optimize operations and resource allocation, meeting the public's growing demand for transparency and accountability. Risk management and performance measurement are now focal points for consulting expertise, reflecting the evolving landscape of government operations.
Government agencies are swiftly embracing digital technologies to elevate service standards, engage citizens, and bolster decision-making. Consultants are pivotal in crafting digital strategies, deploying technologies, and navigating organizational change. Given the escalating cyber threats, cybersecurity has now taken center stage. Consultants specialize in risk assessment, crafting cybersecurity blueprints, and fortifying security measures. As infrastructure ages, there is a pressing need for investments and modernization. Consulting firms aid governments in project planning, financing, and execution. Additionally, with climate change looming, governments are turning to consultants for expertise in crafting and executing mitigation and adaptation strategies.
North America Public Sector Consulting And Advisory Services Market Trends
Consulting Firms Drive Government Tech Integration with AI, Big Data, and Blockchain
Consulting firms guide governments in integrating AI, big data, and blockchain into cybersecurity, infrastructure management, and social services, including AI-powered chatbots for efficient citizen support and service delivery. Legacy government systems often struggle to meet the demands of today's citizens. Consulting firms provide expertise in modernizing IT infrastructure, adopting cloud computing for scalability and efficiency, and implementing digital tools to enhance citizen engagement. By leveraging technology, consulting firms help governments streamline service delivery processes.
Generative artificial intelligence (GenAI) can significantly enhance government efficiency. By strategically implementing GenAI, public sector leaders can improve service delivery, operational efficiency, and citizen engagement. GenAI can streamline processes like licenses, permits, passports, visas, and grant applications. The US Department of Defense is testing a GenAI-powered contract-writing tool called Acqbot, designed to assist procurement officers with writing contracts and managing their lifecycles.
Government agencies are facing mounting pressure to deliver a digital experience that matches citizens' expectations. Consulting firms play a pivotal role in crafting and deploying user-centric digital solutions, from online platforms to mobile apps, enhancing accessibility and convenience. They also assist with data analytics and extracting insights from citizen data, social media trends, and sensor networks to enable data-driven policy formulation.
Safeguarding Government Agencies Against Cyber Threats
Government agencies hold a trove of sensitive data and constantly find themselves in the crosshairs of cyberattacks. With cyber threats growing in both frequency and complexity, robust cybersecurity measures have become imperative. Recognizing this, consulting firms are specializing in evaluating cyber risks within government systems.
As regulations tighten and compliance standards multiply, these firms play a pivotal role in ensuring that agencies meet the mandates. Given the intricate nature of these regulations, many public sector agencies, lacking internal expertise, turn to consultants for guidance. This is not just about compliance. It is also about upholding public trust by safeguarding citizen data. This is where consulting firms step in, offering tailored strategies to fortify cyber defenses. While the absolute prevention of cyberattacks remains a challenge, these firms excel in crafting incident response plans, ensuring that agencies can recover swiftly and smoothly.
North America Public Sector Consulting And Advisory Services Industry Overview
The North American public sector consulting and advisory services market is partially dominated by a few major players. Barriers to entry exist due to complex procurement processes and the need for specialized knowledge. Some of the players in the market are EY, Deloitte Consulting LLP, McKinsey & Company, PwC, and KPMG.
North America Public Sector Consulting And Advisory Services Market Leaders
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EY
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Deloitte Consulting LLP
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McKinsey & Company
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PwC
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KPMG
*Disclaimer: Major Players sorted in no particular order
North America Public Sector Consulting And Advisory Services Market News
- April 2024: Deloitte, in partnership with Google Public Sector, introduced the EDGE platform. This cutting-edge solution, backed by Google Cloud's generative AI, is set to revolutionize how government agencies provide information and services to their constituents.
- June 2023: Accenture inked a deal to purchase Anser Advisory, a US-based firm specializing in advisory and management services for infrastructure projects.
North America Public Sector Consulting And Advisory Services Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Consulting Firms Drive Government Tech Integration with AI, Big Data, and Blockchain
4.2.2 Safeguarding Government Agencies Against Cyber Threats
4.3 Market Restraints
4.3.1 Outdated Systems Hinder Communication and Collaboration Efficiency
4.3.2 Budgetary Constraints Impacting the Market
4.4 Market Opportunities
4.4.1 Crafting Climate Change Strategies for Agencies
4.4.2 Government Initiatives and Policies Set to Propel Market Growth
4.5 Value Chain Analysis
4.6 Industry Attractiveness: Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technological Advancements in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Policy Analysis Services
5.1.2 Bond Issuance Services
5.1.3 Major Project Advisory Services
5.1.4 Program Evaluation Services
5.1.5 Financial Management Advisory Services
5.1.6 Other Types
5.2 By Application
5.2.1 Central
5.2.2 State
5.2.3 Urban Local Bodies
5.2.4 Other Applications
5.3 By Project Size
5.3.1 Large Scale Projects
5.3.2 Mid-Small Scale Projects
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 EY
6.2.2 Deloitte Consulting LLP
6.2.3 McKinsey & Company
6.2.4 PwC
6.2.5 KPMG
6.2.6 Grand Thornton
6.2.7 BCG
6.2.8 Bain & Company
6.2.9 Accenture
6.2.10 Oliver Wyman*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
North America Public Sector Consulting And Advisory Services Industry Segmentation
Public sector advisory services include a broad spectrum of consulting and advisory services primarily tailored for government agencies, public entities, and institutions. These services aim to assist public sector entities in tackling intricate challenges, improving operational efficiency, enhancing service delivery, and realizing their strategic objectives. Advisory firms in the public sector aid government bodies in developing, analyzing, and refining regulations and policies. This involves conducting policy research and impact assessments, engaging with stakeholders, and crafting policy documents that resonate with governmental priorities and the public interest.
The report covers the North American public sector consulting and advisory services market and is segmented by type (policy analysis services, bond issuance services, major project advisory services, program evaluation services, financial management advisory services, and other types), application (central, state, urban local bodies, and other applications), and project size (large scale projects and mid-small scale projects). The report provides the market sizes and forecasts in terms of value (USD) for the above segments.
| By Type | |
| Policy Analysis Services | |
| Bond Issuance Services | |
| Major Project Advisory Services | |
| Program Evaluation Services | |
| Financial Management Advisory Services | |
| Other Types |
| By Application | |
| Central | |
| State | |
| Urban Local Bodies | |
| Other Applications |
| By Project Size | |
| Large Scale Projects | |
| Mid-Small Scale Projects |
North America Public Sector Consulting And Advisory Services Market Research FAQs
How big is the North America Public Sector Consulting And Advisory Services Market?
The North America Public Sector Consulting And Advisory Services Market size is expected to reach USD 13.98 billion in 2024 and grow at a CAGR of 6.19% to reach USD 18.88 billion by 2029.
What is the current North America Public Sector Consulting And Advisory Services Market size?
In 2024, the North America Public Sector Consulting And Advisory Services Market size is expected to reach USD 13.98 billion.
Who are the key players in North America Public Sector Consulting And Advisory Services Market?
EY, Deloitte Consulting LLP, McKinsey & Company, PwC and KPMG are the major companies operating in the North America Public Sector Consulting And Advisory Services Market.
What years does this North America Public Sector Consulting And Advisory Services Market cover, and what was the market size in 2023?
In 2023, the North America Public Sector Consulting And Advisory Services Market size was estimated at USD 13.11 billion. The report covers the North America Public Sector Consulting And Advisory Services Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Public Sector Consulting And Advisory Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Public Sector Consulting And Advisory Services Industry Report
Statistics for the 2024 North America Public Sector Consulting And Advisory Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Public Sector Consulting And Advisory Services analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
North America Public Sector Consulting And Advisory Services Market Report Snapshots
