Consulting sector rebounds amid efficiency drives and AI adoption
The sector struggled last year as companies reined in their spending on external advisers in the face of wars, general elections and lingering economic uncertainty.
The Management Consultancies Association, in its annual industry report, estimates that the UK consulting industry was flat in 2024, with annual revenue unmoved at £20.4 billion.
However, the MCA, which represents dozens of firms including the 'big four', expects the sector to rebound this year and to grow by 3.6 per cent, followed by 7.8 per cent in 2026. That growth is expected to be driven by companies bringing in experts to oversee efficiency drives, which usually take the form of job losses.
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