*NEW RESEARCH* Consulting Market Trends and Forecasts 2020

The Consulting Market Trends & Forecasts 2020 report is hot off the virtual press and ready to download HERE.

Fuelled by the rush to digital, 2019 saw UK SITS consulting service sales surge ahead by 9.4% yoy to just over £3b. The following strong start to 2020 was stopped in its tracks by the advent of the COVID-19 and the ensuing lockdowns. The resulting business and economic impacts have been, and are taking, a disproportionately heavy toll on the consulting sector.

The medium to long term outlook for this market, however, remains healthy. As the dust settles from the initial impacts of coronavirus, a growing number of businesses will be looking to make bigger post-pandemic strategic bets. This is being accompanied by a greater openness to the possibilities of the Enterprise 4.0 era coupled with a preparedness to begin to tackle the heavy lifting required to realise the potential of “complex” digital.

Being in position to benefit from this rebound will require consulting practices to strike a delicate balance between addressing immediate cost and revenue pressures while continuing to invest in their own fundamental reinventions – and time is definitely of the essence. Whether it is in either getting and staying ahead of clients’ accelerating change agendas or anticipating and reacting to the shifts in demand hot spots, consultancies now have existential needs for speed and agility.

The report contains our latest market size and forecast data along with an analysis of the trends shaping this segment of the UK IT services market. It also looks at the “how” of adapting to and prospering in this dynamic, evolving environment.

Consulting Market Trends & Forecasts 2020 is available to TechMarketView subscribers who take the TechSectorViews research stream. If you don’t have a subscription and would like details please contact Deborah Seth.

Posted by Duncan Aitchison at '07:00' - Tagged: consulting   research   MarketForecasts