The Global EPC Consulting Market Growth Accelerated By Need-Based Consulting In EPC Consulting Market


EPC Consulting Market


Engineering, procurement, and construction (EPC) consulting services are critical in streamlining operations, managing costs and mitigating risks associated with complex EPC projects across industries. EPC consultants help improve project management through expert technical advice, cost estimation and planning. With rising project complexities and owner investments, demand is surging for customized, need-based EPC solutions. The global EPC Consulting Market is estimated to be valued at US$ 11.4 Bn in 2023 and is expected to exhibit a CAGR of 23 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

Need-based consulting is gaining significant traction in the EPC consulting market. Growing project scale and technological complexities require specialized expertise beyond routine project management. EPC consultants are offering customized solutions focused on specific client pain-points like resource allocation, schedule adjustments, cost optimizations etc. This need-based approach helps clients achieve tangible outcomes like improved profitability and risk mitigation. With owner organizations increasingly focused on core operations, outsourcing project advisory needs to specialized consulting firms is set to rise substantially. This proliferation of customized, need-centric consulting will be a key driver of EPC consulting market growth over the forecast period.
Segment Analysis

The global EPC consulting market is dominated by the data consulting segment. Data consulting services help companies track, analyze and activate consumer data across different marketing channels. It provides insights and recommendations to optimize digital marketing strategies. The data consulting segment accounts for over 35% of the total EPC consulting market due to increasing demand from companies to gain valuable customer insights from large volumes of data and better target audiences.

Key Takeaways

The global EPC Consulting Market Demand is expected to witness high over the forecast period of 2023 to 2030. Rapid growth in digital marketing & e-commerce activities along with proliferation of data and growing need to maximize ROI are fueling demand for EPC consulting services globally.

Regional analysis: North America currently dominates the global EPC consulting market with over 40% share. Presence of major EPC consulting players and technology companies along with early adoption of advanced data analytics solutions by enterprises is boosting market growth in the region. Asia Pacific is expected to exhibit fastest growth during the forecast period owing to increasing digitization, rising internet & smartphone adoption in countries like China and India.

Key players: Zeta Global Corp, Oracle Corporation, mParticle Inc., Salesforce.com Inc., BlueConic, Adobe Inc., Tealium, SAP SE, Acquia Inc., and Segment.Io Inc. (Twilio) are some of the key players operating in the EPC consulting market. Major players are focusing on partnerships and innovating advanced data-driven solutions to gain competitive advantage. For instance, mParticle recently partnered with Mixpanel to integrate marketing analytics with customer data platform.

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