TECH & AI24 June 2026· 9 min
Digital Transformation of Consulting Firms: The $700B Industry at a Crossroads
The global consulting industry is undergoing its most radical reinvention since the rise of strategy boutiques in the 1980s. AI, automation, and platform models are forcing legacy firms to rethink everything — or risk obsolescence.
SOURCES
[1]Grand View Research, 'Management Consulting Market Size & Forecast 2024-2030', 2024
[2]McKinsey Global Institute, 'The Economic Potential of Generative AI', June 2023
[3]Goldman Sachs Global Investment Research, 'The Potentially Large Effects of AI on Economic Growth', March 2023
[4]Gartner, 'Future of Work Trends: Internal Strategy & Consulting Centers of Excellence', 2023
[5]Accenture Annual Report 2023, Investor Relations, accenture.com
[6]KPMG, 'AI in Professional Services: Productivity Pilot Results', internal disclosure 2024
[7]Spencer Stuart, 'Consulting Industry Compensation & Talent Report', 2024
[8]European Parliament, 'EU Artificial Intelligence Act — Official Text', August 2024
[9]BCG Annual Review 2023, 'GAMMA & Digital Practice Revenues', bcg.com
[10]Financial Times, 'McKinsey Launches Lilli AI Platform for 30,000 Consultants', October 2023