Succession Advisory Services

Dec 16, 2022

~4.7% CAGR Key Takeaways from Market Study The global succession advisory market is expected to reach a valuation of US$ 8.4 billion by 2033. Services related to family succession account for almost 47% share of the total market. Demand for succession advisory solutions is expected to increase at a CAGR of 4.8% during the forecast period. The East Asia market is expected to grow at a CAGR of 5.8% through 2033. Demand for executive search services will grow the fastest among all the services. “Increasing number of family-owned businesses will shape the future of the succession advisory market,” says a Fact.MR analyst. Segmentation of Succession Advisory Industry Research By Service: Market Development The industry is feeling the heat due to the entry of new market players as they are trying to capture the market share of existing players. The market has witnessed many HR professional firms entering into the C-suite level hiring market and large professional service providers entering the succession advisory market, which earlier was only captured by specialized succession consulting players. The industry has also witnessed a few notable mergers and acquisitions in the recent past. In August 2022, Korn Ferry, a leading organization consulting firm, completed the acquisition of Infinity Consulting Solutions, a senior-level IT interim professional solution provider. Key Companies Profiled Chr. P. Mitsides & CO LLC La Soleille Family Office (Suisse) SA Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/8103 More Valuable Insights on Offer Fact.MR, in its new offering, presents an unbiased analysis of the succession advisory market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033. The study reveals essential insights on the basis of service (executive search, family succession, mentoring & coaching) and customer type (private person succession, business succession), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa). Check out more related studies published by Fact.MR Research:  Legal Advisory Market : The global legal advisory market size has reached US$ 669.4 billion in 2022 and is expected to climb to US$ 1,049 billion by the end of 2032, expanding at a CAGR of 4.6%. In 2021, average annual spending by companies on legal services accounted for 0.23% of their total revenue. With increasing complexity and the need to adhere to the regulatory framework, enterprise-level spending is likely to increase substantially over the next ten years. 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