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ALM Intelligence Consulting division, previously known as Kennedy Consulting, has released The ALM Global Forecast North America Consulting. The report provides trends, market size and provider analysis by the largest industries and nine consulting services in Canada and the United States.
“Compared with 2017, the US economy looks less healthy; leading indicators signal the possibility of a recession in the next 12-24 months. Companies have started to anticipate this scenario by reducing risk through operational improvements,” said Lasse Pitkaeniemi, Senior Director, Research at ALM Intelligence. “Meanwhile, new projects involving capital investments are being delayed until there is more clarity on the business climate. In the consulting space this has translated into a decreased demand for corporate and front-office services, but an increasing need for mid- and back-office solutions.”
The North America Consulting Global Forecast report findings include:
• The consulting industry spending has changed in focus from the corporate office to the back office;
• The consulting market growth rates in Canada and the US are converging;
• The 20 largest consulting firms are growing faster than the market and are continuing to gain market share.
“Automation and data analytics play an enhanced role in the North American market and have expanded to all industries. Adopting the technologies of automation and analytics typically results in workforce reductions. Those will be most pronounced in manufacturing, retail, and transportation,” 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 buyers of consulting services to effectively target best in class consulting providers to identify and evaluate business opportunities.
Firms ranked within the report include: Accenture; Aon; Bain & Company; Booz Allen Hamilton; Capgemini; Cognizant; Deloitte; EY; FTI Consulting; IBM; Korn Ferry; KPMG; McKinsey & Company; Mercer; Navigant; Oliver Wyman; PwC; Slalom; The Boston Consulting Group; Willis Towers Watson
For more information or to obtain the full version of The ALM Global Forecast North America Consulting visit the ALM Intelligence website at.alm.com/ForecastNA2018
Additional Consulting Intelligence reports for EMEA (Europe, Middle Earth, and Africa), Asia Pacific, and Latin America will be released in the coming weeks.
About ALM Intelligence
ALM Intelligence, a division of ALM Media LLC, supports legal, consulting, and benefits decision-makers seeking guidance on critical business challenges. Our proprietary market reports and analysis, rating guides, prospecting tools, surveys, and rankings, inform and empower business leaders to meet business challenges with confidence.
About ALM
ALM (alm.com), an information and intelligence company, provides customers with critical news, data, analysis, marketing solutions and events to successfully manage the business of business. ALM serves a community of over 6 million business professionals seeking to discover, connect and compete in highly complex industries.
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