SOURCE: Kennedy Information

Kennedy Information

June 11, 2009 14:21 ET

EMEA Consulting Market Faces Demand Atrophy Through 2012

Kennedy Uncovers the Adaptation Trends in Consultancies' Market Propositions

PETERBOROUGH, NH--(Marketwire - June 11, 2009) - Kennedy's latest research on the consulting markets within EMEA (Europe, Middle East, and Africa) has identified that the economic downturn will run longer and deeper there than in the North American market. With no immediate relief in sight, consulting firms in EMEA are progressively evolving their plans of action to surmount the market's growth impositions. Historically, EMEA consulting market rebounds lag those in North America, and variations in the timing of consulting market recovery are expected to persist in the region.

Facing nearly two years of severely contracted growth and cautious client behavior brought on by the global financial crisis, consulting firms in the EMEA consulting marketplace must determine how they can best take advantage of reduced opportunity to sustain vitality through 2011 -- when Kennedy analysts anticipate robust demand for consulting services will resume.

"Demand is high for solutions that help companies improve their performance and reduce their cost base," notes Karen Nickel Anhalt, a Senior Research Analyst at Kennedy and lead author of the research. "Clients are interested in improving their IT infrastructure by moving to SOA, shared services, and/or BPO. In order to lessen the burden of rewards and benefits in the current economic climate, companies are turning to HR consultancies for help. In addition, the need for advisory services around crisis recovery, credit and market risk, and forensics and litigation will grow, as well."

Kennedy Consulting Research & Advisory's "EMEA Consulting Marketplace" reveals detailed variations in demand across the region. The research provides comprehensive analysis on the current consulting market conditions and spending projections through 2012 by specific geographic region (UK and Ireland, German Speaking Europe, Southern Europe, Russian and Eastern Europe, and Northern Europe). In addition, it details consulting market size and growth by client industry (Consumer Packaged Goods [CPG], Retail & Leisure, Manufacturing, Healthcare, Public Sector, Financial Services, Energy, Communications & Media, Utilities, and Other Industries) and consulting service segment (Strategy, Operations Management, IT Consulting and Implementation, Business Advisory Services, and Human Resources).

In ranking the Largest Consulting Firms in EMEA, Kennedy analysts executed a separate classification of the preeminent players in each of the Strategy, Operations Management and Human Resources, Business Advisory Services, IT Consulting and Implementation (ITC&I), and overall Management Consulting marketplaces.

Among the 15 leading consultancies profiled are: Accenture, Atos Origin, Bain & Co., Booz & Co., The Boston Consulting Group (BCG), Getronics Consulting, Hay Group, KPMG, McKinsey & Co., Mercer, Capgemini, Deloitte, Ernst & Young, PricewaterhouseCoopers, and Roland Berger Strategy Consultants.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory, a division of Kennedy Information, has been the world's leading source of market analysis on the Management Consulting and IT Consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy provides accurate and reliable market sizing and forecasts for consulting services world-wide; needs analysis and vendor profiling for buyers of consulting services; timely and insightful intelligence on the top consulting firms in their respective markets; and operational benchmarks that measure consulting performance. Kennedy's research spans multiple service areas, client vertical industries, and geographies.

Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.

Contact Information

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