IT consulting: focusing on growth strategies

Date: February 23, 2010
Pages: 20
US$ 1,495.00
Publisher: Ovum
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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IT consulting: focusing on growth strategies
Global IT consulting firms have spent the better part of 2009 trying to regain momentum. The global recession hit consulting firms harder than most, as many CIOs and IT managers were forced to cut what they viewed as discretionary projects to reduce costs. Although consulting revenues this year have taken a dive, firms are anticipating some minor growth in 2010 and slightly more aggressive growth in following years. In order to deal with the current economic realities and prepare for what they hope will be a consulting rebound, firms have attempted to evolve their scope and capabilities, embracing what they see as areas of potential growth and services that customers will need as the economy improves. Of course, it remains to be seen whether these moves will be enough to jump-start the IT consulting market, or when customers will be willing to make larger consulting commitments and investments. However, these firms are betting that they have made the right investments now so they can capitalize on any forthcoming rebound – if and when it materializes.
Executive summary
In a nutshell
Key messages
IT consulting is down but not out
Firms push cost reduction linked to transformation
Business analytics as a conduit for innovation
Consulting firms prepare for growth in verticals and geographies
The state of the IT consulting market
Expectations of future growth
Year marked by accelerated M&A activity
Cost reduction remains a high strategic priority
Betting on business analytics
Not so new, with rising importance
Spurring global and vertical expansion
China and other geographies
Vertical industries
Future outlook
A challenging 2010


Table 1: IT service providers with at least one delivery location in mainland China


Figure 1: North America project services & application-led outsourcing market size and growth to 2013
Figure 2: UK & Ireland project services market size and growth to 2013
Figure 3: Acquisition of BearingPoint’s assets
Figure 4: HP’s Converged Infrastructure Consulting Services
Figure 5: Accenture Technology Consulting
Figure 6: Accenture’s Cost Reduction Roadmap
Figure 7: The five major service lines of IBM’s BAO service portfolio
Figure 8: Capgemini’s integrated approach for BI and BPM investments
Figure 9: Top investment priorities in healthcare
Figure 10: Public sector primary constituency outreach
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