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The China consultancy market is one of the largest and fastest-growing in the world, with an estimated value of over USD 600 billion in 2023. This growth is being driven by a number of factors, including China's rapid economic development, increasing demand for professional services, and the government's emphasis on innovation and technology.
The Chinese government is a major buyer of consulting services, spending an estimated USD 100 billion per year. The government procures a wide range of consulting services, including strategy consulting, IT consulting, and management consulting.
The top three categories of consulting services procured by the Chinese government are:
Strategy consulting (25%)
IT consulting (20%)
Management consulting (15%)
Other categories of consulting services procured by the Chinese government include:
Financial consulting
Human resources consulting
Marketing consulting
The top three authorities responsible for consultancy procurement in China are:
The Ministry of Finance (MOF)
The National Development and Reform Commission (NDRC)
The Ministry of Commerce (MOFCOM)
The top five winners of China consultancy procurement in 2022 were:
Deloitte Touche Tohmatsu (DTT)
Accenture
PwC
KPMG
McKinsey & Company
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