Political and Financial Turmoil Altering Demand for Consulting ALM Intelligence Study Finds
ALM Intelligence releases EMEA Consulting Global Forecast for 2018
New York, NY – January 16, 2019 – ALM Intelligence – Consulting division, previously known as Kennedy Consulting, has released The ALM Global Forecast – EMEA Consulting. The report provides trends, market size and provider analysis by the largest industries and nine consulting services in Europe, the Middle East, and Africa (EMEA).
“Since the shocking result of the Brexit referendum, consultants have been busy helping private and public entities to sort through a jungle of laws and regulations to build roadmaps showing their future operating environment,” said Lasse Pitkaeniemi, Senior Director, Research at ALM Intelligence. “This work has been centered in corporate and middle offices due to the need to reformulate strategies and operating models that were created for an increasingly open and integrated world. This world now appears to be receding.”
The EMEA Consulting Global Forecast report findings include:
- Due to increasing economic uncertainty consulting growth between the strategy driven corporate office and the operations centered back office is becoming more balanced.
- Brexit fears have boosted the United Kingdom and Ireland market to overtake the Southern Europe market as the largest source for consulting spend.
- Provider concentration is increasing due to further specialization and deeper technological expertise.
“While the tightening credit conditions already seen in North America have not yet landed in EMEA, the region is battling a concerningly lengthy string of fragile economies, weakening currencies, and unstable financial sectors. Some commodity-centered economies in MEA have responded to these problems by working on broadening their economies into manufacturing or healthcare industries, yet no-one has been able to defuse the ticking time bomb of too much debt in a currency not indirectly controlled by the country’s banking or political authorities” said Pitkaeniemi.
ALM Intelligence has been researching the management, financial and IT consulting industry for over 40 years, studying the global consulting marketplace at multiple levels. The resulting market analyses help consulting firms to better allocate their resources and find growth opportunities.
Firms ranked within the report include: A.T. Kearney, Accenture; Aon; Atos; Bain & Company; Capgemini; Deloitte; EY; IBM; JLT Benefits Solutions; KPMG; McKinsey & Company; Mercer; Oliver Wyman; PA Consulting; PwC; Roland Berger; Sopra Steria; The Boston Consulting Group; Willis Towers Watson
For more information or to obtain the full version of The ALM Global Forecast – Consulting portfolio visit the ALM Intelligence website: at.alm.com/ForecastEMEA2018
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