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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