According to the Association of Executive Search and Leadership Consultants (AESC), revenue for the executive search and leadership consulting industry grew by 10.7% in 2014, achieving estimated industry revenues of USD 11.7 billion worldwide last year.

Annual revenue growth was supported by a 2.5% rise in the volume of new executive searches, as well as an increase of 2.9% in the value of individual search assignments and an average revenue rise of 11% per consultant increased.

North America remained the largest market for executive search and leadership consulting in 2014 with a 43% global market share, followed by EMEA at 33.4%. Asia Pacific accounted for a 17.3% market share, with Latin America at 6.3%.

As regards major industries surveyed, Industrial continued to hold the largest share of worldwide senior executive search and leadership consulting activity with 25.3% of the 2014 market, followed by Financial Services (20.5%), Consumer Products (17.9%), Technology (15.3%), and Life Sciences/Healthcare (13.2%).

Karen Greenbaum, President and CEO of AESC, commented: “Businesses understand that their most important asset is their people. Top talent creates the link between strategy and execution. This research shows that businesses also value executive search and leadership consultants as trusted advisors for their talent needs. The AESC represents the gold standard for our profession and it is clear that the integrity and knowledge of our members is appreciated by their clients.”

Source: www.staffingindustryanalysts.com