SOURCE: Kennedy Information

August 15, 2008 11:53 ET

Strong Consulting Growth in China Governed by Talent Shortage

Despite Dearth of Expertise, Over 20% Growth in Demand Projected Through 2011

PETERBOROUGH, NH--(Marketwire - August 15, 2008) - The consulting market in China is suffering from a significant talent shortage, which is limiting the profession's growth potential in the region.

According to new research from Kennedy Information, "The Asia Pacific Consulting Marketplace 2008-2011: Key Trends, Profiles and Forecasts," China's unique need for localized firms -- combined with limitations in its education system -- are leading to a scarcity of consulting talent. The situation is, according to many consultancies in China, the sole issue limiting growth. Still the China consulting market is expected to achieve over 20% CAGR over the research's forecast period of 2011, and the Asia Pacific region overall maintains it status as the highest growth market in the consulting world today.

"Even in 2005, interest in the APAC region was driven primarily by opportunistic servicing of growing domestic consulting demand in each market and the wish to support global clients in their endeavors in Asia Pacific," states analyst Damien Blenkinsopp. "Today, a much larger group of firms has moved toward an overall strategic interest in the APAC region. Such interest is unsurprising for the IT consulting space, since offshore outsourcing links have already been playing an important role in that area. More surprising is how strategic interest is very quickly coming to play across the whole consulting landscape."

Among the Asian consulting markets analyzed in the research: ANZEA (Australia, New Zealand): ASEAN-5 (Indonesia, Philippines, Malaysia, Singapore & Thailand); Greater China (Hong Kong, Taiwan), India, Japan, Mainland China, South Korea as well as the less developed markets of Bangladesh, Cambodia, Laos, Nepal, Myanmar, Sri Lanka and Vietnam.

Along with 3-year growth forecasts for each market, "The Asia Pacific Consulting Marketplace" identifies regional and global opportunities for firms operating in the APAC market, and profiles key consultancies in the region including:

Abeam Consulting, Accenture, AT Kearney, Atos Origin, Bain & Company, Bearingpoint, Booz Allen Hamilton, The Boston Consulting Group (BCG), Capgemini, Deloitte, Electronic Data Systems, Fujitsu, Hewitt Associates, IBM Global Services, Infosys, KPMG, LG CNS, LogicaCMG, McKinsey & Co., Mercer, Monitor Group, NTT Data, PricewaterhouseCoopers (PwC), Samsung SDS, Tata Consultancy Services (TCS), Watson Wyatt, and Wipro Technologies.

About Kennedy Information

Since 1970, Kennedy Information has been the world's leading source of market analysis on the Management Consulting and IT Consulting industries. 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.

Kennedy's clientele consists of the most highly regarded professional firms and Fortune 500 companies in the world.

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