Market Size of Operations Advisory Service Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 294.69 Billion |
Market Size (2029) | USD 367.23 Billion |
CAGR (2024 - 2029) | 4.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Operations Advisory Service Market Analysis
The Operations Advisory Service Market size is estimated at USD 294.69 billion in 2024, and is expected to reach USD 367.23 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
Operations Advisory helps organizations drive continuous improvement methodologies to achieve the maximum value potential of their business operations. Operations Advisory focuses on transformation services designed to help finance controllers, finance managers, and CFOs to streamline their end-to-end process for various functions.
Operations consulting aims to boost the processes, ways of working, and underlying systems across various areas. Sales & Marketing, Supply Chain, Sourcing & Procurement, Finance, and Research & Development are the largest areas in size. Sales look into how sales operations can be improved, including boosting channel management, professionalizing the level of customer support (i.e., from call centers to specialized helpdesks), and advancing engagement with clients, commonly referred to as customer relationship management (CRM). Other areas under Sales include optimizing account & promotion management, Sales & Operations Planning (S&OP), and improving workforce effectiveness. Among others, marketing encompasses customer & market research, marketing intelligence, product design & engineering, category management, and customer experience & loyalty.
The covid-19 outbreak negatively affected the global Operations Advisory service industry due to instability in global financial sectors, the economic downturn, and a highly volatile market. Operations management is at the heart of most management issues, and a large share of consulting firms provide services in one key area. The Operations Advisory Service Market developed swiftly in recent years and significantly contributed to the global financial situation regarding growth rate, market share, and sales generation.
Operations Advisory Service Industry Segmentation
Operations consulting, or operations management, is advisory and implementation services that improve a company's internal operations and performance in the value chain.
Operations Advisory Service Market is segmented by organization size (large enterprises and small & medium-sized enterprises), industry vertical (BFSI, IT and Telecom, manufacturing, retail, and e-Commerce, public sector, healthcare, and others), application (supply chain, financial operations, human resource operations, project management, process management, manufacturing operations, and others), and region (North America, South America, Asia-Pacific, Europe, and Middle East & Africa). The report offers market size and forecasts for the Operations Advisory Service Market in value (USD) for all the above segments.
By Organization Size | |
Large Enterprises | |
Small & Medium-Sized Enterprises |
By Industry Vertical | |
BFSI | |
IT and Telecom | |
Manufacturing | |
Retail And E-Commerce | |
Public Sector | |
Healthcare | |
Others |
By Application | |
Supply Chain | |
Financial operations | |
Human Resource Operations | |
Project Management | |
Process Management | |
Manufacturing Operations | |
Others |
By Geography | ||||||
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Operations Advisory Service Market Size Summary
The Operations Advisory Service Market is poised for significant growth over the forecast period, driven by the increasing need for organizations to enhance their operational efficiencies and value potential. This market focuses on transformation services that assist finance professionals in streamlining processes across various functions such as Sales & Marketing, Supply Chain, Sourcing & Procurement, Finance, and Research & Development. The market has seen a swift development in recent years, contributing notably to global financial growth, market share, and sales generation. Despite challenges posed by the COVID-19 pandemic, which affected global financial stability and market volatility, the demand for operations consulting has remained robust as businesses seek to optimize their operations and navigate the complexities of the modern business environment.
The integration of digital transformation, cloud computing, and cybersecurity measures has further fueled the demand for IT consulting services within the Operations Advisory Service Market. Businesses are increasingly leveraging data analytics, artificial intelligence, and machine learning to enhance decision-making and operational efficiency. The shift to remote work has also heightened the need for secure and efficient remote work environments. Management consultants play a crucial role in strategic planning, compliance, and risk management, particularly in sectors like healthcare, finance, and technology. Major players in the market, such as Deloitte, PricewaterhouseCoopers, KPMG International, McKinsey & Company, and Ernst & Young Global Limited, dominate the landscape, employing various strategies to strengthen their market position and expand their offerings.
Operations Advisory Service Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Insights on Various Regulatory Trends Shaping the Market
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1.5 Insights on impact of technology in the Market
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Organization Size
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2.1.1 Large Enterprises
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2.1.2 Small & Medium-Sized Enterprises
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2.2 By Industry Vertical
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2.2.1 BFSI
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2.2.2 IT and Telecom
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2.2.3 Manufacturing
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2.2.4 Retail And E-Commerce
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2.2.5 Public Sector
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2.2.6 Healthcare
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2.2.7 Others
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2.3 By Application
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2.3.1 Supply Chain
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2.3.2 Financial operations
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2.3.3 Human Resource Operations
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2.3.4 Project Management
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2.3.5 Process Management
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2.3.6 Manufacturing Operations
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2.3.7 Others
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 USA
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 South America
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2.4.2.1 Argentina
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2.4.2.2 Brazil
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2.4.2.3 Rest of South America
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2.4.3 Europe
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2.4.3.1 UK
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2.4.3.2 Germany
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2.4.3.3 France
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2.4.3.4 Rest of Europe
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2.4.4 Asia-Pacific
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2.4.4.1 China
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2.4.4.2 Japan
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2.4.4.3 India
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2.4.4.4 Rest of Asia-Pacific
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 Egypt
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2.4.5.3 UAE
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2.4.5.4 Rest of Middle-East and Africa
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Operations Advisory Service Market Size FAQs
How big is the Operations Advisory Service Market?
The Operations Advisory Service Market size is expected to reach USD 294.69 billion in 2024 and grow at a CAGR of 4.5% to reach USD 367.23 billion by 2029.
What is the current Operations Advisory Service Market size?
In 2024, the Operations Advisory Service Market size is expected to reach USD 294.69 billion.