The Russia Consulting Market in 2017
Despite being an improvement on the lows of 2015, 2016 was another year of negative growth for the consulting market in Russia. The market contracted 1.7% last year, falling to a value of €435m. Rising oil prices and better economic performance (GDP contracted a mere 0.6% in 2016) contributed to the improving picture. Still, much shakiness remained, with oil prices still fluctuating, sanctions still in place, and business confidence still relatively low. As a result, consultants were noticeably cautious, and we can hardly blame them after such a punishing past three years.
This report contains market size and growth data as well as regional data on industry, and service line market sizes, growth figures, and forecasts for major client industries, consulting service lines, and firm types. And we discuss the most important trends that Russian consulting leaders need to be aware of as they attempt to grow their own businesses in 2017.