Industry Statistics and Rankings
How does this industry perform in Finland compared to Europe?
Country Benchmarking
Industry Data Finland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#16 In EuropeBusiness
#20 In EuropeEmployees
#19 In EuropeWages
#13 In EuropeEurope’s management consultants industry plays a vital role in shaping businesses by offering expert advice and strategies. In recent years, IT strategy and environmental consulting have seen significant growth, supporting industry revenue. Management consultants faced setbacks due to volatile economic conditions and subdued business spending amid the COVID-19 pandemic and severe inflation. Industry revenue is expected to sink at a compound annual rate of 2.7% to €374.7 billion over the five years through 2024, including a forecast dip of 1.5% in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Management Consultants in Finland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Accenture plc | 64,128.6 | 8,637.5 | 13.5 | |
Deloitte Touche Tohmatsu Ltd | 1,304.5 | N/A | N/A | |
McKinsey & Company Inc | 12,421.3 | N/A | N/A |
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Top Questions Answered in this Report
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What is the market size of the Management Consultants industry in Finland in 2024?
The market size of the Management Consultants industry in Finland is €4.3bn in 2024.
How many businesses are there in the Management Consultants in Finland industry in 2024?
There are 13,550 businesses in the Management Consultants industry in Finland, which has grown at a CAGR of 4.8 % between 2019 and 2024.
Has the Management Consultants industry in Finland grown or declined over the past 5 years?
The market size of the Management Consultants industry in Finland has been growing at a CAGR of 2.7 % between 2019 and 2024.
What is the forecast growth of the Management Consultants industry in Finland over the next 5 years?
Over the next five years, the Management Consultants industry in Finland is expected to grow.
What are the biggest companies in the Management Consultants market in Finland?
The biggest companies operating in the Management Consultants market in Finland are Accenture plc, Deloitte Touche Tohmatsu Ltd and McKinsey & Company Inc
What does the Management Consultants in Finland include?
IT strategy and Corporate strategy are part of the Management Consultants industry.
Which companies have the highest market share in the Management Consultants in Finland?
The company holding the most market share in Finland is Accenture plc.
How competitive is the Management Consultants industry in Finland?
The level of competition is moderate and steady in the Management Consultants industry in Finland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Management consultants provide advice, guidance and operational assistance to businesses and other organisations on management issues. Principal areas of consultation include corporate strategic and organisational planning, marketing, human resources and operational management.
Related Terms
BIG FOURRESTRUCTURINGCORPORATE STRATEGYWhat's included in this industry?
IT strategyCorporate strategyProcess and operations managementProgramme or project managementRisk managementHuman capitalEconomic and regulatory consultingBusiness transformation consultingCustomer and marketing strategyEnvironmental consultingCompanies
Accenture plcDeloitte Touche Tohmatsu LtdMcKinsey & Company IncIndustry Code
702 - Management consultancy activities in Finland
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Management Consultants in Finland industry?
Outlook
Analysis
What's driving the Management Consultants in Finland industry outlook?
Volatility
Analysis
What influences volatility in the Management Consultants in Finland industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Management Consultants in Finland industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Technology adoption across the economy fuels IT strategy consulting. Rising digitalisation and tech advances encourage businesses to seek advice on digital strategy and the implementation of technology that boosts operational efficiency.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Management Consultants in Finland industry's products and services performing?
Analysis
What are innovations in the Management Consultants in Finland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Management Consultants in Finland industry?
International Trade
Highlights
- Total Imports into Finland
- Total Exports into Finland
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The industry is highly fragmented, with many small specialist firms. This is due to the ease of establishing new consultancies and the move towards specialisation in specific industries and niche markets. Large firms have the resources to cover various consultancy services.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Management Consultants in Finland located?
Companies
Data Tables
Top 6 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The EU Audit Regulation has an effect on management consultancy firms. Some larger firms provide both audit services and consulting services. The regulation from 2016 imposes restrictions on non-audit services, including management consultancy.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Management Consultants in Finland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Consulting firms' profitability is under pressure due to increased competition. There is a growing number of consultancy firms operating in the industry, putting pressure on fees and constraining industry profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Management Consultants in Finland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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