Information Technology Drives Consulting

According to a new report by Fitzwilliam, N.H.-based Kennedy Research Group, global management consulting revenues for 1997 are expected to top $73 billion. The total represents an 18% increase over 1996. The report predicts annual growth will be 16% through 2000, at which time revenues are expected to hit $113 billion. While the consulting industry as a whole is expected to continue to experience strong growth, the information technology (IT) share of the market is expected to grow the most. "The IT share of the market will rise to nearly 70% from its current 64% by 2000," says Tim Bourgeois, director of Kennedy Research Group.