*NEW RESEARCH* Consulting Supplier Prospects 2021

A strong start to 2020 in the UK SITS Consulting market was stopped in its tracks by the advent of the coronavirus pandemic. The resulting business and economic impacts took a disproportionately heavy toll on this line of business. The early phase/non-operational nature of most consulting engagements left them comparatively easy to cancel or pause. Furthermore, their higher reliance on personal interactions made them more challenging to initiate on a remote working basis. These factors, togther with the shorter-term nature of consulting projects, meant that the stall in client decision making that accompanied Lockdown 1 led to fast growing, often expensive benches for many suppliers in this sector..

When we published our annual Market Trends and Forecasts report in June 2020, we estimated that sales of Consulting services would fall by between 3.5% and 9.4% in 2020. We revisited this analysis towards the end of last year (see here) and concluded that the decline would be at the less severe end of this range. We also now expect that this market will recover quickly through the next twelve months and beyond as, post-COVID, clients across all sectors embark on fundamental reformulations of their strategies and operating models.

Our latest Consulting Supplier Prospects 2021 report looks at the Top Ten leading players (by revenue) in the UK SITS Consulting market and assesses what they will need to do to be successful now and in the future. We also provide our analysis of the potential hurdles that will prevent suppliers reaching their potential in the short and mid-term.

Subscribers to TechSectorViews can download the Consulting Supplier Prospects 2021 report by clicking this link. If you are not currently a TechSectorViews subscriber and would like to gain access the report, please contact Deb Seth.

Posted by: Duncan Aitchison at 07:00

Tags: consulting   suppliers   newresearch  

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