SOURCE: Kennedy Information, Inc.

April 07, 2005 09:07 ET

Consulting Market in China Set to Explode

Kennedy Information Projects 48% Growth

PETERBOROUGH, NH -- (MARKET WIRE) -- April 7, 2005 -- Market growth estimates in the rapidly expanding China consulting marketplace range from as low as 21% to as high as 66%, with some industry leaders expecting China to represent close to 24% of the entire Asia Pacific marketplace by 2008.

In a new report titled China's Consulting Marketplace: Great Potential, Great Challenges, Kennedy Information puts these widely ranging estimates into context, providing readers with insight into what the actual growth rate is likely to be. Analysis shows that the management consulting industry in China has exploded in the last four years across all segments of consulting practice: strategy, operations management, IT and HR.

"Widespread market opinion indicates that rapid growth is set to continue for at least the next five years with some growth estimates as high as 70% or 80%," says Brad Smith, Vice President of Kennedy Research. "Most of the leading global consultancies are already present and busy building their practices. A handful of domestic firms are growing market share," Smith adds.

The report is based on analysis of global and domestic firms operating in China, including Accenture, A.T. Kearney, BearingPoint, Bain & Company, the Boston Consulting Group, Booz Allen Hamilton, Capgemini, Deloitte, H&J Vanguard Consulting, Hewitt Associates, HP Consulting, IBM BCS, L.E.K. Consulting, LeNovo-AsiaInfo, McKinsey & Company, Mercer, Monitor Group, Roland Berger Strategy Consultants, SinoStrategy, Sinotrust Management Consultants, Watson Wyatt.

China's Consulting Marketplace: Great Potential, Great Challenges examines long-term market potential in China, discusses operational challenges consultancies face, and explores the competitive dynamics evolving in the marketplace.

About Kennedy Information, Inc.

Kennedy Information, Inc., the leading information source on management consulting since 1970, publishes The Global Consulting Marketplace, Benchmarks in Management Consulting, and other research reports annually; the monthly news services Consultants News, Global IT Services Report and Management Consultant International; as well as Consulting Magazine and The Directory of Management Consultants. It also produces annual conferences for thought leaders in consulting and powers the Web portal www.ConsultingCentral.com.

Contact Information

  • CONTACT:
    Dan Daly
    Business Development Director
    Kennedy Information, Inc.
    800-531-0007
    +1-603-924-0900 ext. 628
    research@kennedyinfo.com