| | According to a newly
released IDC study, IT
consulting will be an
area of increasing
vendor focus,
innovation, and user
spending. IDC expects
worldwide IT consulting
to increase at a
compound annual growth
rate (CAGR) of 5.2% for
the 2006-2010 forecast
period, with slightly
rising growth rates each
year. The study reveals
several accelerators of
spending for IT
consulting, such as
current pricing trends,
which reflect less buyer
price sensitivity in
high-demand areas of IT
consulting; the
re-emergence of top-line
business growth as a
spending driver; and the
continued bundling of IT
consulting with
outsourcing.
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"After a somewhat
prolonged period of
stagnation, the IT
consulting services
market has clearly seen
a return to many
positive trends," said
Bo Di Muccio, program
manager for consulting
services research. "IDC
has seen an increase in
average utilisation
rates, moderate
stabilisation in
project/contract size,
sharply rejuvenated
hiring activity, and an
increase in corporate
focus on core services -
a key driver of external
IT services spending."
The IDC study also
finds that regionally,
the Americas currently
host the largest market
for IT consulting
spending; however, the
EMEA region will take
the lead by 2009 and | |
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| | remain in this position
through 2010. Overall,
the fastest growing
geographies for IT
consulting in the next
five years will be Latin
America and CEMA
(Central Europe, Middle
East and Africa).
Key trends that are
shaping the IT
consulting marketplace
include:
1. Stabilisation in
pricing;
2. Re-emergence of
growth as a spending
driver;
3. Continued bundling
of IT consulting with
outsourcing;
4. Rapidly increasing
number and range of
players;
5. Productisation of
offerings;
6. Pervasive talent | |
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7. Stabilisation in
project size/scope.
IDC defines IT
consulting as advisory
services around
information technology.
Examples of IT
consulting engagements
include evaluating an IS
organisation's help desk
operation or determining
the best technology to
meet a company's order
fulfilment process. IT
consulting can also
include product- or
package-specific
consulting and IT
strategy or IT
governance consulting
more generally. The
major service lines
within IT consulting are
IT strategy, IT
assessment and planning,
and IT design
architecture.
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The study, Worldwide
IT Consulting 2006-2010
Forecast, presents
fact-based forecasts
that recommend the areas
(geographies and service
lines) in which the
drivers and growth of IT
consulting will be over
the next five years. The
study also offers a
comprehensive analysis
of the global IT
consulting market, based
on an analysis of
consulting buyers' needs
and behaviour, market
trends and imperatives,
the competitive
landscape, pricing, and
talent management
dynamics.
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