Consulting Market Trends and Forecasts 2020 - 2023

This report contains TechMarketView’s latest market size and forecast data, along with an analysis of the trends shaping the UK SITS Consulting market. A 9.4% surge in advisory services sales last year was followed by buoyant demand at the start to 2020. This continued expansion was quickly reversed by the advent of the COVID-19 and the ensuing lockdowns. The resulting business and economic impacts have been and are taking a disproportionately heavy toll on the consulting sector this year. The medium to long term outlook for this market, however, remains healthy. It will recover quickly as the impacts of the pandemic ease and enterprises in all sectors prioritise investment in digital transformation as competitive necessities. Being in position to benefit from this rebound will require consulting practices to strike a delicate balance between addressing immediate cost and revenue pressures while continuing to invest in their own fundamental reinventions.

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