BearingPoint added more than 300 new clients and successfully delivered over 2,000 projects across 31 countries in 2024, highlighting BearingPoint’s ability to address the unique challenges of clients with tailored solutions. By expanding its footprint across industries, the firm is reinforcing its reputation as a trusted partner for businesses navigating transformation and growth.
Our Consulting unit is evolving fast to stay ahead the changing needs of our clients. 2024 saw its fourth consecutive year of strong growth. Our value-driven teams and innovative mindset have enabled us to win and deliver high-potential opportunities even in volatile market conditions.
Our target operating model has allowed us to combine resilience with expansion: all our industry practices experienced growth or at least stability in their 2024 sales performance.
Our fastest-growing segments – Insurance, and Utilities, Postal & Transportation – showed double-digit growth in both net revenue and net bookings. Also our five service lines continued their growth trajectory, with Technology, and Finance & Risk achieving an impressive and robust double-digit growth building on last year’s strong performance.
In addition, all of our practices focusing on specific technology groupings saw significant growth in 2024, with Data, Analytics & Artificial Intelligence growing by more than 30% for the second successive year. Last year we also launched our 2030 portfolio and innovation ambition. This is a vision for our future in core consulting that will help us maintain our success in an increasingly dynamic market.
For our Products business, 23% revenue growth in 2024 with a stable team size of nearly 450 people underlines its value and shows marked progress in efficiency and output. Gaining 59 new clients was testament to its growing footprint, and expanding portfolio including our Strategy Organization Management (SOM) tool and three new AI-driven solutions: Sellia, DemandSens, and Persona Engine. In addition, we are enhancing existing products such as Data Quality Navigator and Swarm with AI features, while we have three products - Agree&Sign, Lease&Rent, and ETM.next – currently undergoing AI integration to ensure we stay at the cutting edge of technology. AI will continue to be pivotal for the unit in 2025.
Furthermore, our Assets & Funding Management solution became available on the SAP® Store as part of SAP’s industry cloud portfolio, reinforcing our ability to develop solutions driving efficiency and seamless integration within enterprise ecosystems.
Our Capital business unit once again outperformed the overall mergers and acquisitions market last year, with gross revenues growing by 24%. Now present in five European countries, our team delivered over 100 projects, strengthened partnerships with a large number of key clients, and assisted with the acquisition of Enterprise Consulting for Arcwide. In 2025, it will continue on its trajectory of making senior recruitments.
In 2024, AI made its presence felt in every sector. BearingPoint made significant strides in generative AI, empowering organizations to harness its full potential for business transformation. We launched new AI-driven initiatives that support our clients in areas such as automating workflows, optimizing decision-making, and enabling AI-assisted customer interactions. While 2023 was the year of AI use case developments and proofs of concept, in 2024 we supported several larger-scale enterprise transformation roadmap developments – from strategic data journey developments to full-scale AI impact assessments on all job profiles and processes. Our consultants took on the roles of navigators and connectors in a rapidly developing environment.
As part of our commitment to drive responsible AI adoption, we also established ethical frameworks that will help ensure that innovation goes hand in hand with business integrity, compliance and sustainability goals.
In 2024, BearingPoint welcomed more than 1,200 new colleagues, strengthening its expertise across industries and regions. The expansion reflects the firm’s commitment to fostering a diverse and highly skilled team capable of delivering transformative results for clients. The firm also promoted more than 1,400 of its people and appointed 25 new Partners, reflecting its investment in career development and leadership growth. Female representation in senior leadership roles was at 21% at the end of 2024, and the percentage of female hires increased to 44% globally. By recruiting talent aligned with its mission and values, BearingPoint has strengthened its ability to drive innovation and execute large-scale projects across industries.
In 2024, more than 4,000 BearingPoint professionals participated in firm-wide training programs, reaffirming its commitment to continuous learning and professional growth. Through initiatives such as the Be.Oxford Academy, the Female Leadership Program, and the Yale Leadership Program, the firm fosters leadership development across all levels.
BearingPoint achieved B Corp certification in 2024. This marks a major milestone in our sustainability journey. The recognition places us among a worldwide network of businesses leading a global movement for an inclusive, equitable, and regenerative economy. It is also testament to our purpose, ‘Together we are more than business’, and underscores our dedication to high standards of social and environmental performance, transparency, and accountability.
In addition, the Science Based Targets initiative (SBTi) has officially validated and approved our near-term science-based emissions reduction targets.
Beyond our goal to become ‘sustainable by design’, we continue to strengthen our position as a leader in ESG consulting. We were recognized as a Major Player for ESG Program Management Services in the IDC MarketScape, reflecting our end-to-end capabilities in designing and executing complex ESG transformation programs.
During 2024, many of our clients decided to embark on the Sustainability Reporting journey with our support, using the CSRD regulatory requirements as a steppingstone and accelerator toward a sustainability transformation.
BearingPoint is a seamless ecosystem, composed of three interconnected business units and one thriving joint venture.
Products provides IP-driven digital assets and managed services for business-critical processes.
Capital delivers M&A and transaction services.
Joint venture with IFS, focused on business transformation.
Wherever our clients operate, we aim to be there alongside them, immersed in their ecosystems and supporting them with world-leading expertise.
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