While concerns over a slow recovery remain, a number of indicators point to HRT&T services growth and promise. Prospective clients are cautiously optimistic about funding new consulting projects -- not just for deferred engagements, but for investments in new tools, enhanced HR delivery infrastructure, and process optimization.
According to new research from Kennedy Consulting Research & Advisory, HR Technology & Transformation Consulting Marketplace, analysts and practices alike also anticipate a backlog of pent-up demand, reporting stronger pipelines and a greater diversity of prospective projects, especially related to HR delivery strategy.
"By no means have we returned to the larger projects of the early part of the decade," according to Marc Pramuk, Senior Research Analyst of Kennedy Consulting Research and Advisory, "However, there is growing optimism -- and growing budgets -- in this consulting market."
The data also shows that that, The HR technology & transformation consulting landscape is experiencing a dramatic evolution in the face of a growing, but shifting, market opportunity. For example, spending on HRT&T consulting is shifting to smaller, modular engagements -- and firms are responding to more frequent client requests for help in creating HR measurement environments with additional tools and benchmarking that better drive HR and business results.
HR Technology & Transformation Consulting Marketplace 2010-2013: Key Trends, Profiles and Forecasts is Kennedy Consulting Research & Advisory's in-depth analysis of the spectrum of HR technology consulting services. The research examines key drivers shaping client demand for these services, defines important market trends and their impact on market size and growth estimates. In further analysis of the consulting landscape, Kennedy identifies the leading providers of services in this market.
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.