SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

September 09, 2009 10:57 ET

Global Consulting Market -- Irreversibly Changed

Kennedy Reveals New Growth Trends

PETERBOROUGH, NH--(Marketwire - September 9, 2009) - Kennedy Consulting Research & Advisory analysts project that global consulting demand will not return to 2008 levels until 2012, conceding that the market has irreversibly changed and will unlikely experience the robust, double-digit growth in demand seen in the past three decades.

Kennedy's definitive annual study, "Global Consulting Marketplace: Key Trends, Profiles and Forecasts," indicates that what few drivers of demand there are will now serve to sustain, rather than grow, the overall market. By all accounts, knowing how and where to devote resources has never been more critical for consultancies looking to capitalize on scarce client demand. "Given the market contraction in 2009 which is only expected to flatline in 2010, well-positioned consultancies are smart to vie for clients with stimulus and/or bailout money," said Kelly Matthews, Associate Director of Kennedy Consulting Research & Advisory and lead analyst for Global Consulting Marketplace. "However, circumstances dictate that such rewards may be realized only in the short-term and consultants will face severe fee pressures due to unprecedented competition."

Looking forward, Global Consulting Marketplace shows that toward the end of the 2009-2012 forecast period, increased client demand for engagements in the areas of sustainability and business intelligence will drive the need for consulting services. Companies seeking to expand their own business opportunities or alter production processes will demand consulting support in emerging markets such as China and Brazil.

As firms vie for what little opportunities there currently are, competition within the overall global consulting marketplace will only be expected to increase. Kennedy's "Firm Positioning by Industry Concentration & Multi-Service Engagement Capabilities" and exclusive capabilities ratings of 19 prominent consultancies illustrate the degree of competition within the global consulting market. Just one firm rated as both a high concentration in growing client industries and multi-service consulting capabilities. Of the firms rated are: Accenture, The Boston Consulting Group, Capgemini, IBM GS, KPMG International, McKinsey & Company, Ernst & Young, Booz Allen Hamilton, and Deloitte.

In addition, Global Consulting Marketplace analyzes client demand trends and forecasts by key geographic region (North America, EMEA, Latin America, Asia Pacific); consulting service line (Strategy, Operations Management, HR, IT Consulting and Implementation, Business Advisory Services); and client industry (Communications and Media, CPG, Energy, Financial Services, Healthcare, Manufacturing, Public Sector, Retail, Utilities).

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 Consulting Research & Advisory'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.

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