MANAGEMENT CONSULTING – GERMANY

The management consulting sector of Germany has grown

by more than 7% for the fifth consecutive year despite the
dip in the economy. The Europe’s biggest economy has seen a
difficult in the first half of 2019.

The economy dip in Germany was created due to the

problem of Brexit. It has avoided recession but is still
trapped in the slow growth similar to the other countries in
the western Europe.

It is well known that with a slow economy, majority of the

industries will suffer. But this is not the case for consulting
firms, which are often required by other firms in the time of
crisis.

Germany is home to 19,250 consulting companies, with 87%

of those total firms that generate annual sales of less than 1
million Euros. At the top are group of 40-50 players who
dominate much of the market. These top companies with a
turnover of more than 50 million Euros have seen a higher
growth.