Innovation Consultancy Market Size
While there is no publicly available information to fully answer the question, we've used available data to pull together key findings on current US innovation consultancy. Below is an outline of our research strategies to better understand why the information requested is publicly unavailable.
- Some of the top providers of innovation consultancy services, include Accenture, Boston Consulting Group (BCG), Capgemini, Deloitte, EY, KPMG, McKinsey, and PwC.
- The Forrester Wave™: Innovation Consulting Services Providers, Q4 2018 is a report that is available for purchase. It provides an evaluation of the providers of innovation consultancy services.
- North America "contributes 40% of the global consultancy revenue at a Compound Annual Growth Rate (CAGR) of 3.7%".
Since the global innovation consultancy market size and regional/jurisdictional data was unavailable, we were unable to triangulate figure for US innovation consultancy market size.
As 33% of global consultancy revenue is generated by the US, we were able to estimate the US consultancy revenue, which is $97 billion in 2020 (33% of $296 billion). However, there was still not enough available information to accurately triangulate the US innovation consultancy market size. We also tried to get some information on the revenue of some of the biggest the US market to estimate the market but information specific to innovation consulting services was not available. As such, we were therefore unable to calculate the total US revenue for innovation consulting.
Innovation consultancy is a new and niche sector, which means that the need to collate data on the market is low. For example, Deloitte, a leader in innovation consultancy, does not separate its innovative consulting services from its other services.