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Chronically Erratic Consulting Market, Latin America, Hits Its Stride

Kennedy Examines How Improving Political and Economic Stability in Much of Latin America Is Turning the Smallest Major Regional Consulting Market Into a Sweet Spot for the Consulting Industry

The tide is turning. Less than a decade ago, investors and consultants alike were hesitant to enter most of the Latin America consulting markets. Today, they are clamoring to get a foothold in some of the world's most dynamic growth markets. Overall, the region has rebounded rather quickly from the downturn that continues to affect the world's larger consulting markets. As socio-economic and political volatility continues to decrease, the market is looking up and Kennedy analysts expect to see Latin America consulting finally meet its potential.

With political and economic stability now a reality in many Latin American countries, indigenous companies are growing and expanding their operations, multinationals are deepening their investments and governments are working to address a wide range of issues from infrastructure planning and repair to improving efficiency and transparency. "The transformation and positive growth we're seeing in Latin America is a welcome change from the irregular market development of the past, as well as the sluggish consulting market recovery in North America and Europe. It's like the sun coming out from behind the clouds. Looking forward, we expect year-over-year growth across service lines from 2010-2013," says Karen Nickel Anhalt, Senior Research Analyst, Kennedy Consulting Research & Advisory.

While there is variation in exactly how stability is improving from country to country, the region overall does demonstrate a trajectory of consulting demand that is hard to ignore -- especially in today's slow growth environment. Data and analysis featured in Latin America Consulting Marketplace indicate that the Brazil and Mexico markets are superlative by many measurements, but certainly not all... proof that the region is more diverse than first meets the eye. Indeed, a key challenge firms are facing is in deciding how to allocate resources to and within the Latin America consulting market in a manner that enables them to take advantage of robust and sustainable growth. The report provides in-depth analysis of seven major regions in Latin America: Brazil, Mexico, Chile, Argentina, Colombia, Venezuela and the Minor Markets.

To help clients identify the practices best suited to meet their evolving consulting needs, Latin America Consulting Marketplace includes four distinctive firm rankings for the Latin America region as a whole, as well as rankings for the seven major regional markets. In addition, it provides exclusive practice capabilities assessments. Among the Latin America consulting practices Kennedy has ranked or assessed are: Accenture, Adexus, Aon Consulting, Baker Tilly International, Bain & Company, BDO International, Booz & Company, The Boston Consulting Group, Control Risks, CPM Braxis, CSC, Deloitte, Ernst & Young, Everis, FTI Consulting, Grant Thornton, Hay Group, Hewitt Associates, HP Enterprise Business, IBM Global Services, Integration, KPMG, Kroll, LECG, McKinsey & Company, Mercer, Neoris, Oliver Wyman Group, Oracle Consulting, PricewaterhouseCoopers, Politec, Praxity, Protiviti, Roland Berger Strategy Consultants, RSM International, SAP, Sonda, Stefanini IT Solutions, and Tata Consultancy Services.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory has been the world's leading source of market analysis on the Management and IT consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.