Consulting sector
Group - 5
Submitted by:
Ruchi Khandelwal
Jai Nandlal Radadiya
Muskan Purswani
Komal Jangid
Prateek Saini
Submitted to:
Dr. Prashant Gupta
Introduction
• Consultancy involves professionals or firms offering expert advice and solutions to individuals,
businesses, or organizations facing specific challenges or seeking improvement in various areas.
Competitor Analysis of India's Consultancy Sector by
Service
Management Consultation: Strategic Consulting:
• Global Players: McKinsey & Company, • Overlaps with management
BCG, Bain & Company, AT Kearney,
consulting, focusing on long-term
Accenture Strategy.
strategic planning and growth.
• Indian Players: A.T. Kearney India, Praxis • Additional Players: Roland Berger,
Global Alliance, TCS Consulting, Wipro Strategy & (previously PwC
Consulting, EY - Parthenon. Strategy).
• Competition: Global firms offer brand • Competition: Emphasis on sector
recognition, while Indian firms offer cost- and market expertise.
effectiveness and market understanding.
Financial Consulting:
• Services: M&A advising, valuation, investment banking, private equity.
• Major Players: Big Four (EY, PwC, KPMG, Deloitte), Indian investment banks, boutique firms.
• Competition: Deal experience, track record, funding access.
Human Resource Consulting:
• Services: Talent acquisition, employee engagement, performance management, leadership
development.
• Players: Global HR firms, Indian firms, boutique firms.
• Competition: Industry specialization, cost-effectiveness, cultural awareness.
Information Technology Consulting:
• Services: Digital transformation, cloud computing, cybersecurity, software development.
• Players: Global IT firms, Indian IT giants, boutique firms.
• Competition: Technological knowledge, scalability, cost-effectiveness.
CHALLENGES IN CONSULTANCY SECTOR
CLIENT DEMAND DEVELOPMENT & MANAGEMENT DISRUPTION AND ADVANCEMENT
AND COMPETITION OF TALENTS IN TECHNOLOGY
Client & competition
• increase in competition
• growing client expectations
• price pressure
Management challenges
• Retaining top talent
• Keeping consultants motivated and engaged
Technological challenges
• Cyber security risk
• Automation and AI
Opportunities in consultancy
THRIVING CONSULTING LANDSCAPE
The consulting sector is growing Specialization is key, with clients
steadily, offering numerous seeking advisors who have deep
opportunities for professionals at all expertise in specific industries or
levels. functional areas.
Technology, particularly AI, is Lifelong learning is crucial for staying
revolutionizing the consulting relevant in the field, with emerging
paradigm, enabling consultants to trends such as ESG and talent
offer more strategic and impactful management shaping the industry's
solutions. future.
INDUSTRY GROWTH AND DIVERSE
CAREER PATHS
• Global market size: $447.72 billion by 2029
• US management consulting market: $329
billion in 2022
YOUR PATH TO SUCCESS
• Specialize: Deep expertise in areas like digital
transformation, sustainability, or data analytics.
• Embrace Tech: Leverage AI to automate tasks, gain
insights, and personalize solutions.
• Go Global: Collaborate with international clients and
build a global network.
Future of the Consultancy Sector
Technological Shifting Client Needs: Evolving Business
Advances: • Specialization Models:
• Digital transformation • Value-driven services • Collaborative partnerships
• AI Augmentation • Remote and hybrid work
• Continuous learning
