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How can we estimate the market size of the technology consulting industry?

estimation market sizing tech consulting
New answer on Oct 09, 2020
2 Answers
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Aditya asked on Oct 08, 2020

Hi All,

I'm currently interviewing for an MBA program and have chosen a long term goal of starting a tech consulting firm. I have thought of qualitative questions (why entrepreneurship etc.), but I'm also expecting questions around market sizing of the industry. What logic could be used to estimate the market size of the tech consulting industry (any sample country)? I'm facing a challenge because there are several categories of companies that could use tech consulting, no specifics about the budget they allocate for consulting etc.

Thanks for your time.

I want to be notified about updates regarding this question via email

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Anonymous replied on Oct 08, 2020

I'm sure you've seen similar reports - but wouldn't this answer your questions?

https://www.consultancy.org/consulting-industry/it-consulting

Might at least be a start - then you can scale this down with the specifics of your business idea to get from the total market size to the TAM (e.g. targeting only small companies, smaller projects, specific technologies, etc.)

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Clara
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 replied on Oct 09, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Your case is different, since it´s not a business case to be solved in 1h and with limited information.

You have ilimited time and also all sources of information. Leverage repports for this information.

Hope it helps!

Cheers,

Clara

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