SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

December 20, 2011 11:25 ET

Kennedy Sees Consulting Market Returning to Pre-Recession Levels by 2012

Recovery Tempered by Clients' Cautious Growth Agenda

PETERBOROUGH, NH--(Marketwire - Dec 20, 2011) - Kennedy research finds that client spending in the global market for consulting is being driven by the priority of achieving growth, even amid concerns over a prospective "double-dip" recession. According to a new study from Kennedy Consulting Research & Advisory, "Global Consulting Marketplace 2011-2014," the rebound in consulting spend is attributable to certain industry sectors, particularly healthcare, thanks to a growing need to address the effects of increased regulations, risk management, and operational efficiency. Analysts forecast that similar compliance issues facing other sectors will drive worldwide consulting market growth throughout the forecast period.

"Looking sector by sector, we note that -- in addition to healthcare -- only two other industry sectors of ten sectors analyzed will outperform the overall consulting market through 2014," said Dan Daly, Vice President and Managing Director at Kennedy. "While the recent recovery in consulting spending was relatively broad-based, this more narrowly confined growth outlook warrants close watching."

The research reveals a surprisingly strong client emphasis on business transformation projects that span multiple consulting service lines, business functions, and client locations/regions. Broad-based client expansion into new markets by companies that have saturated developed markets with their products and services is seen as having spurred a remarkable portion of the profession's recent revenues.

"Global Consulting Marketplace 2011-2014" details these and other trends impacting client demand for strategy, operations management, HR, IT, and financial consulting services. Comprehensive capabilities ratings and revenue rankings of leading global consulting providers have been compiled by Kennedy analysts. Among the firms profiled are Accenture, Alvarez & Marsal, Aon Corporation (including Aon Hewitt), A.T. Kearney, Atos Origin, Bain & Company, Baker Tilly International, BDO International, Booz & Company, Booz Allen Hamilton, The Boston Consulting Group, Capgemini, CSC, Deloitte, Ernst & Young, FTI Consulting, Hay Group, HP, IBM, KPMG International, McKinsey & Company, Marsh & McLennan Companies (including Mercer, Oliver Wyman, Marsh Risk Consulting), PwC, Roland Berger Strategy Consultants, and Towers Watson.

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.

Contact Information