Anticipating Business Challenges for Consulting Firms: 3-to-5-Year Projection

Abstract

This Paper looks into the expanding array of business issues predicted for consulting firms in the next three to five years. The consulting landscape is evolving rapidly due to digital transformation, growing client expectations, market saturation, and regulatory challenges. The present study investigates labor characteristics, market trends, and technological advancements to offer vital strategies consulting firms can utilize to maintain their competitiveness. This study highlights the need for consulting firms to have innovation, agility, people management, and compliance to successfully navigate uncertain futures.