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Management Consulting Industry Statistics in Canada


Management Consulting Industry Statistics in Canada

Management Consulting Industry statistics

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Stats | Management Consulting Industry Statistics in Canada

In Canada, management consulting consists of firms that offer consulting services to private businesses and the public sector. These consulting services are designed to provide strategic, financial, marketing, operational, and supply chain management guidance. Companies engage in mergers, acquisitions, joint ventures, divestitures, and initial public offerings, all driven by their anticipation of prospects.

Here are some key statistics about the industry:

Market Size

The management consulting market in Canada was valued at CAD 10.5 billion in 2020. Overall, the Management Consulting industry in Canada has a trim level of market share concentration. [1]

Industry Revenue

The revenue generated by the management consulting industry in Canada was CAD 6.9 billion in 2020. Revenue is expected to grow at a CAGR of 2.0% to $23.9 billion over the years to 2023, despite a decline of 0.9% in 2023. [2]

Employment

The management consulting industry in Canada employed approximately 82,000 people in 2020. [3]

Growth Rate

The management consulting industry in Canada is expected to grow at a CAGR of 3.2% from 2021 to 2026. (See also the growth rate by IBISWorld forecast above) [4]

Industry Segments

The management consulting industry in Canada is divided into various segments, including: [5]

  • Strategy Consulting
  • Operations Consulting
  • HR Consulting
  • IT Consulting
  • Financial Consulting.

Top Consulting Firms

Some of Canada’s top management consulting firms include: See the list below. [6]

  • Deloitte
  • McKinsey & Company
  • PwC
  • KPMG
  • Accenture

These statistics highlight the significant role and growth potential of the management consulting industry in Canada. As businesses face challenges and seek growth opportunities, the demand for consulting services will remain strong.


 

References: Canada Small Business – Statistics 

Management Consulting Industry Statistics in Canada
[1]: Statista
[2]: IBISWorld / (2023-2028)
[3]: Statista
[4]: Mordor Intelligence
[5]: IBISWorld
[6]: Consulting.ca

Canada Small Business | Canada’s Industry and Business

November 29, 2023