Engineering activities, related technical consultancy revenue in the United Kingdom 2011-2023

The consulting industry in the UK has been growing at a fair pace over the last few years driven in part by companies seeking help with their Brexit planning. Uncertainty surrounding the country’s exit from the EU and the related economic anxiety has meant that the top management of most companies are calling on the expertise of management consultants to plan for various scenarios.

One such area is technical consulting with total fee revenue has increased from 50.3 billion U.S. dollars in 2011 to almost 72 billion in 2018. Cumulative revenues over 2018-2023 have been estimated at over 443 billion U.S dollars. In fact, technology was the highest segment in the overall management consulting market in 2016, with a share of 28%, followed by finance and risk, operations and human resources.

Unsurprisingly, client needs are mostly driven by digital disruption which has led to a spate of partnerships between consultancy companies and software suppliers, with a view of providing a wide range of services and extending their global reach.

Engineering activities, related technical consultancy revenue in the United Kingdom from 2011 to 2023

Revenue in billion U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (GBP -> USD) = 1.338

The industry classification is based on the NACE Rev.2 - system in the United Kingdom. The industry “engineering activities and related technical consultancy“ has the code “M7112“.

Details on the methodology can be found here.

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