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Professional Services and Consulting in 2008 and Beyond: The Inevitable Rise of IT Consultancies

Published by: TowerGroup

Published: Mar. 24, 2008 - 11 Pages


Table of Contents


Report Coverage

Categories of Professional Services Companies

Exhibit 1 Professional Services Firms and Consultancies: Focus, Client Spending Level and Outlook by Category

Exhibit 2 Landscape of Professional Services Firms and Consultancies by Category (2008)

Exhibit 3 Market Positioning of Select Professional Services Firms (2008)

Exhibit 4 Consulting and IT Services Revenues of Select Professional Service and Consulting Firms (2007E)

Management and Strategy Consultants

Operational Consultants

IT Consultants

Exhibit 5 A Shift in IT Spending by US Financial Services Institutions by IT Category (2006-10P)

Tax, Audit, and Accounting Consultants

HR Consultants

Consulting Hot Spots Today and Tomorrow

Summary

Abstract

The professional services and consulting landscape is shifting as traditional players face increasing competition from niche consultants, boutiques, and IT firms. Executives in financial services institutions who seek consulting expertise often must begin by sorting out the central value proposition of each competing professional services firm. Making a meaningful comparison between firms is challenging, especially when a financial institution is trying to determine which firm it should tie its fate to in large projects attempting enterprise transformation. This Research Note categorizes and describes these firms and their strengths and discusses common go-to-market strategies.

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