Global Operations Consulting Service Market Overview:
Operations consulting acts as an advisory or implementation service that aims to improve the company’s internal operations and performance in the value chain. Operations Consulting Services aims to create more effective client operations by consulting on implementations of changes that target the current operating model, business processes, management systems, and other critical parts of the value chain. Operations consultants redesign or design the process of production and various other business operations and services to create the highest possible efficiency. Operations consultants use many concepts, techniques, and thought processes to solve the problem they are presented with. Operations consulting is carried out by specialist companies operating in the domain. Of which some firms specialize in pure business strategy and strategic planning while others may specialize in just operation consulting.
Growth Drivers
- Increasing Demand for Operations Consulting Services to Optimize the Supply Chain
- Growing Demand for Operations Consulting Services to Increase Efficiency in Enterprises
Roadblocks
- Lack of Awareness About Benefits of Operations and Consulting Services
Opportunities
- Increasing Supply Chain Partners of Organizations Make It Essential for Operations Optimization
- Expanding Territories of Organizations Allow for Operations Consulting Services Rising Demand
Challenges
- Understanding the Client’s Corporate Culture is Difficult for Operations Consulting Services Provider Companies
- Varying Needs of Clients Across the Industries
Competitive Landscape:
With globalization and increased manufacturing activity, the demand for operations consulting services is on the rise. Particularly, the companies which deal with huge inventory and have complex operations are primary clients of operations consulting service providers. This market is fragmented and does not have any distinct market leader. The key thing customer looks for in this market is the good reputation of service providers. Focusing on a niche market and then expanding could be really great strategy in this market.
Some of the key players profiled in the report are McKinsey & Company (United States), IBM (United States), Deloitte (United States), Accenture (Ireland), PwC (United Kingdom), The Hackett (United States), Riveron Consulting (United States), KPMG (Netherlands), Agro Consulting (United States), A.T. Kearney (United States) and Capco (United Kingdom). Considering Market by Services, the sub-segment i.e. Organizational Operations consulting will boost the Operations Consulting Service market. Considering Market by Industry Verticals, the sub-segment i.e. Chemical Manufacturing will boost the Operations Consulting Service market.
In March 2021, Wipro, an India-based IT firm announced that it has signed an agreement to acquire Capco, a management and technology consultancy providing consultancy services to banks in the US, Europe, and the Asia Pacific. Their clients include many big names in the financial services industry. The company has experience in working with business leaders in the banking, capital markets, wealth, asset management, and insurance sectors.
What Can be Explored with the Operations Consulting Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Operations Consulting Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Operations Consulting Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Operations Consulting Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Operations Consulting Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Operations Consulting Service Providers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.