February 08, 2021
According a recent study titled ‘Global Talent Management & Organization Transformation Consulting Market Size study, by Type (Talent Management, Organization Transformation) by Application (Small and Medium Business, Large Business) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global talent management & organization transformation consulting market is projected to record a healthy growth rate through 2027.
Global talent management & organization transformation consulting market is mainly driven by increasing necessity of leadership assessment and development to aid in an organization’s growth. Moreover, implementation of advanced technologies like big data analytics and artificial intelligence is enhancing the industry growth as these software helps consultancies quickly assess and generate results on talent management.
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Further, growing accessibility to information has augmented the demand for highly efficient management tools, in turn, has elevated the growth prospects of the industry. On the contrary, high implementation costs is negatively impacting the market dynamics.
For those unfamiliar, talent management & organization transformation consulting assists organizations by providing them with tools for talent management, leadership development, and mitigation of human capital risk.
From a geographical standpoint, Asia Pacific, Europe, North America, and Latin America are the key contributors to global talent management & organization transformation consulting market remuneration. Among these, North America currently leads the industry growth due to increasing number of enterprises and early technology adoption in the region.
Industry experts cite that Asia Pacific market size will expand at a robust pace over the forecast duration, largely creditable to growing awareness regarding benefits of consultancy, especially in emerging economies like India and China where SMEs are flourishing.
Key players influencing global talent management & organization transformation consulting market dynamics are Ernst & Young Global Ltd., McKinsey & Company, PricewaterhouseCoopers, Boston Consulting Group, Mercer LLC, KPMG International Ltd., Bain & Company, and Accenture plc.