SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

February 02, 2012 14:52 ET

IT Consulting Growth Led by Client Demand for GRC & Security

Kennedy Research Identifies Ongoing Client Concern for Meeting Regulatory Challenges

PETERBOROUGH, NH--(Marketwire - Feb 2, 2012) - Growth in consulting spending on IT GRC & Security will outpace increases in demand for architecture and IT management, according to new research from Kennedy Consulting Research & Advisory. Kennedy's examination of IT consulting markets worldwide reveals that, while cloud architectures are ushering in an era of business and IT function transformation, governance, risk, compliance and security needs remain high on the agenda for leading IT consultants and their clients. Kennedy analysts identified and distinguished 11 consulting practices that deliver strong to outstanding capabilities in GRC & Security.

"In the current GRC & Security market, IT consultants can either teach their clients to fish, or simply give them a fish," according to Stacy Layton, Kennedy's Senior Analyst for IT Consulting. "Leading IT consultants that possess GRC and security capabilities must design the client's IT environment and execute a high-value of GRC knowledge transfer in a way that enables the client's IT professionals to assume a greater role in driving business value."

The new research, IT Consulting Marketplace 2011-2014, explores how IT consulting across the globe has taken on a new character. To achieve or accommodate growth, an increasing number of corporations and government organizations recognize dual imperatives: to get the most effective and efficient performance out of existing IT resources, and to transform the IT function into a strategy-advancing role that supports the overall business of the organization.

IT Consulting Marketplace details how these trends impact client demand for services, rates the consulting capabilities of leading IT consulting providers, ranks the largest IT consulting practices by global revenues, and distinguishes 3 top firms in "The Kennedy Vanguard of IT Consulting Practices 2011". Among the firms rated, ranked, or profiled are Accenture, Atos, Bain & Company, Booz Allen Hamilton, Boston Consulting Group, Capgemini, CGI, Cognizant, CSC, Dell Services, Deloitte, Ernst & Young, Fujitsu, HP, IBM, KPMG, McKinsey & Company, Oracle, PwC, SAP, Sapient, Tieto, and Wipro.

About Kennedy Consulting Research & Advisory
Since 1970, Kennedy Consulting Research & Advisory has been the world's leading source of business intelligence and market analysis on the consulting profession, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy provides results-oriented strategic guidance to buyers and sellers of consulting services. The company is headquartered in Peterborough, New Hampshire with offices in New York as well as several bureaus in North America and Europe. Kennedy's parent company, BNA, a wholly-owned subsidiary of Bloomberg L.P., is a leading source of legal, regulatory, and business information for professionals.

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