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Strategy Consulting Market to Expand by USD 121.2 Billion (2024-2028), Driven by Demand for Enhanced Digital Customer Experience, AI Transforming the Market – Technavio

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NEW YORK, Nov. 22, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global strategy consulting market size is estimated to grow by USD 121.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.3% during the forecast period. Rising need for improved customer digital experience is driving market growth, with a trend towards consulting firm selection process. However, increased risks related to data security and privacy poses a challenge. Key market players include A.T. Kearney Inc., Accenture Plc, Bain and Co. Inc., Booz Allen Hamilton Holding Corp., Boston Consulting Group Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Infosys Ltd., International Business Machines Corp., KPMG International Ltd., Marsh and McLennan Companies Inc., McKinsey and Co., Oracle Corp., PricewaterhouseCoopers LLP, Roland Berger Holding GmbH, Tata Consultancy Services Ltd., and The Hackett Group Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Large enterprises and SMEs), Type (Business strategy consulting, Operations consulting, Investment consulting, and Technology consulting), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

A.T. Kearney Inc., Accenture Plc, Bain and Co. Inc., Booz Allen Hamilton Holding Corp., Boston Consulting Group Inc., Capgemini Service SAS, CGI Inc., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Infosys Ltd., International Business Machines Corp., KPMG International Ltd., Marsh and McLennan Companies Inc., McKinsey and Co., Oracle Corp., PricewaterhouseCoopers LLP, Roland Berger Holding GmbH, Tata Consultancy Services Ltd., and The Hackett Group Inc.

 

Key Market Trends Fueling Growth

The strategy consulting market is thriving with trends like management consulting, staff optimization, and corporate sustainability. Consulting firms provide expert advice on digital business models, digital strategy, business model innovation, and digital transformation. SaaS, intelligent automation, artificial intelligence, IoT, Blockchain, and disruptive technologies are shaping the future of professional services. Security concerns are a major focus, including data security, data breaches, and cyber security regulations. Healthcare, ecommerce, and customer purchasing patterns are driving innovation. Strategy consulting services offer domain expertise in areas like organizational strategy, economic policy, IT and telecommunication, and customer relationship management. Risk management is crucial, with risk identification and assessment being key components. Strategy consultants help large enterprises make high-level decisions, develop operational strategies, and leverage digital channels for brand experience. Consultants bring valuable insights to startup projects and offer assurance technology platforms and digital transaction management solutions. 

Strategy consulting firms face new challenges in the market as customers shift towards online research for selecting consultants. With the availability of fast and cost-effective Internet databases, clients can easily identify subject-matter experts (SMEs) based on their specific requirements. This trend eliminates the traditional reliance on referrals and hiring based on domain expertise. Even well-established firms with long-standing reputations can be overshadowed by smaller businesses offering specialized knowledge. The consulting industry continues to evolve, requiring firms to adapt to this digital transformation to remain competitive. 

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Market Challenges

Strategy consulting services play a crucial role in helping businesses navigate complex challenges. In today’s dynamic business landscape, management consulting firms provide expert advice on various areas including staff optimization, corporate sustainability, and digital business models. Digital strategy, business model innovation, and digital transformation are key focus areas. Consulting firms assist large enterprises in adopting disruptive technologies like SaaS, intelligent automation, Artificial Intelligence, Internet of Things, Blockchain, and more. However, there are challenges such as security concerns, risk management, and assurance technology platforms. In healthcare, digital transaction management and customer relationship management are essential. Ecommerce and customer purchasing patterns require strategic focus. Professional consultants bring domain expertise to the table, helping organizations make high-level decisions on operational strategies, digital channels, brand experience, and data security. With the increasing importance of cyber security regulations, risk identification and data security breaches are critical issues. Consulting firms also help startups with their projects and provide management training in IT and telecommunication.Cloud-based marketing automation software is a popular solution for managing marketing consulting due to its convenience and cost-effectiveness. However, the use of cloud services comes with risks. Organizations must ensure the security and reliability of cloud providers before transferring confidential information. The loss of data control increases dependency on cloud computing services. The potential for information leakage raises concerns regarding infrastructure security, access control, risk management, auditing and logging, and regulatory and legislative compliance. It is crucial for strategy consulting firms to address these issues to maintain client trust and protect sensitive data.

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Segment Overview 

This strategy consulting market report extensively covers market segmentation by

End-user 1.1 Large enterprises1.2 SMEsType 2.1 Business strategy consulting2.2 Operations consulting2.3 Investment consulting2.4 Technology consultingGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Large enterprises- The large enterprises segment is a significant part of the global strategy consulting market. Companies like McKinsey, Bain and Company, A.T. Kearney, and PricewaterhouseCoopers provide strategy formulation assistance to large enterprises. Strategy consulting offers large businesses a fresh perspective, innovative methods, and a competitive edge. These consulting firms help create sustainable competitive advantage and profitability through forward-looking business strategies. They build alignment within organizations and offer industry-specific solutions for strategic challenges, including market assessment, scenario planning, strategic planning process design, and alliance management. The availability of these services for large enterprises contributes to the growth of this segment.

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Research Analysis

Strategy consulting is a specialized area of management consulting that focuses on helping businesses make high-level decisions and develop corporate strategies. In today’s rapidly changing business landscape, strategy consulting services are more crucial than ever. Consultants provide expert advice on various aspects of business operations, including staff optimization, corporate sustainability, digital business models, and customer relationship management. As businesses increasingly embrace ecommerce and digital channels, strategy consultants play a vital role in helping them adapt to disruptive technologies and automation. They help identify risks, such as data security breaches and cyber security regulations, and provide solutions to mitigate them. Moreover, strategy consultants bring domain expertise and a deep understanding of customer purchasing patterns to the table. They help businesses optimize their operations, develop operational strategies, and enhance brand experience through cloud-based marketing automation and other digital means. In the era of digital transformation, strategy consulting is essential for businesses looking to stay competitive and thrive in an ever-evolving market. Whether it’s navigating complex security concerns or implementing innovative operational strategies, strategy consultants are the trusted advisors businesses turn to for guidance.

Market Research Overview

Strategy consulting is a specialized area of management consulting that focuses on helping organizations make high-level decisions and develop long-term plans for achieving their business objectives. This can include staff optimization, corporate sustainability, digital business models, and business model innovation. In today’s digital age, digital strategy, digital transformation, and the adoption of disruptive technologies such as SaaS, intelligent automation, Artificial Intelligence, Internet of Things, Blockchain, and digital transaction management are key areas of focus. Consulting firms provide expert advice and domain expertise to large enterprises and startup projects, assisting with risk management, assurance technology platforms, and professional services. Digital channels, customer purchasing patterns, and ecommerce are also important areas of consideration. Security concerns, including data security, cyber security regulations, and risk identification, are increasingly crucial in the digital landscape. Organizational strategy, economic policy, and IT and telecommunication are additional areas of expertise. Strategy consultants help clients navigate the complexities of digital transformation, providing guidance on operational strategies, brand experience, and information security.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userLarge EnterprisesSMEsTypeBusiness Strategy ConsultingOperations ConsultingInvestment ConsultingTechnology ConsultingGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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