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Worldwide and U.S. Business Consulting 2008-2012 Forecast: A New Boost from Globalization

Published by: IDC

Published: Apr. 14, 2008 - 19 Pages


Table of Contents


Table of Contents

IDC Opinion

In This Study

Methodology

Business Consulting Market Definition

Situation Overview

Convergence Across a Broad Range of Consulting Services

Increased Packaging of Offerings

Stronger Client/Firm Partnership

Lengthening of Sales Cycles

Pervasive Talent Crunch and Impact on the "Pyramid"

Positive Global Outlook

The Return of Business Consulting

Future Outlook

Forecast and Assumptions

Table: Key Forecast Assumptions for the Worldwide and U.S. Business Consulting Market, 2008-2012

Table: Worldwide Business Consulting Spending by Region, 2005-2012 ($M)

Table: U.S. Business Consulting Spending, 2005-2012

The U.S. Market

Market Context

Table: Worldwide Business Consulting Spending, 2005-2012: Comparison of 2007 and 2008 Forecasts ($M)

Figure: Worldwide Business Consulting Spending, 2005?2012: Comparison of 2007 and 2008 Forecasts ($M)

Essential Guidance

General Guidance for Providers of Business Consulting Services

Guidance for Management Consultancies

Guidance for IT Services Firms

Guidance for Buyers of Business Consulting Services

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Related Research

Methodology

Historical Market Values

Table: Exchange Rates, 2003-2007 (%)

Synopsis

Abstract

This IDC study offers a comprehensive analysis of the global business consulting market. Based on an analysis of consulting buyers' needs and behavior, market trends and imperatives, competitive landscape, pricing, and talent management dynamics, IDC expects worldwide business consulting spending to increase at a CAGR of 5.4% for 2008?2012. This study includes fact-based forecasts that suggest the areas (geographies and service lines) in which the drivers and growth of business consulting will be over the next five years.

"Our analysis indicates that, despite the current financial crisis, business consulting is poised for healthy growth during the forecast period. Demand slowdown in developed economies will be compensated for by robust demand growth in emerging economies where new industry leaders will become significant clients for business consulting services. At the same time, growing pressure for business model redefinition, acceleration of globalization, and speed to new markets will boost demand from Fortune 1000 companies, which are the traditional clients of business consulting in most industries," says Patrick Levy, program manager for Consulting Service Research at IDC.



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