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MenuWhat is the size of micro-consulting industry globally?
Consulting is emerging and we see the trend where SMEs and entrepreneurs prefer to engage individual consultants for a short time to fill up a specific resource or expertise gap in the team. What is your outlook on this trend?
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Gig economy is taking over industries and consulting is no exception. Global management consulting industry is said to be worth around USD 260 - 300+ billion, depending on how much we blur the line between management and technology consulting. Another research says that 20% of the industry works in micro-consulting firms (freelancers included). If we ponder it by the difference in average contract size, we get approximately USD 20-50 billion.
Of course, the trend can be easily observed in a rapid growth of freelancing consulting sites (e.g. as this one).
My personal opinion is that it's not really an opinion, but rather a fact. However, the question can be observed and discussed from multiple angles. If you want to get more info, feel free to contact me. :)
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