July 29, 2010 09:00 ET

Colombia to Replace Argentina as the Fourth Largest Consulting Market in Latin America

Kennedy Consulting Research & Advisory Examines Market Growth Rates and Trends in Colombia, and Assesses the Capabilities of the Region's Most Prominent Practices

PETERBOROUGH, NH--(Marketwire - July 29, 2010) -  According to new research from Kennedy Consulting Research & Advisory, Latin America Consulting Marketplace, the consulting market in Colombia will grow by $100M over the forecast period of 2009-2013. At that rate, it will replace Argentina as the fourth largest national consulting market in Latin America by 2013. 

This comes as welcome news to a country that has been outright feared by investors and consultants. The government of Colombia has taken impressive strides in the way of reform and the business community has taken notice. Today, it is the highest ranked country in South America when it comes to ease of doing business.

Latin America Consulting Marketplace explores key areas of consulting opportunity in Colombia, by industry (i.e., Consumer Packaged Goods, Financial Services, Public Sector and Manufacturing) and by service line (i.e. Strategy, Operations Management, HR, IT, and Business Advisory Services). For example, coinciding with strong growth, clients will need help around product and service innovations that will win the disposable incomes of the newly affluent.

Designed to assist buyers of consulting services in Colombia engage with the practices best suited to meet their specific needs and to offer consultancies insight into the competitive landscape, Latin America Consulting Marketplace offers exclusive capabilities assessments of the following practices: Accenture, Aon Consulting, Booz & Company, The Boston Consulting Group, Computer Sciences Corporation, Deloitte, Ernst & Young, Hewitt Associates, HP Enterprise Business, IBM Global Services, KPMG, McKinsey & Company, Mercer, Neoris, PricewaterhouseCoopers, Roland Berger Strategy Consultants, and Sonda. In addition, the research ranks the ten largest consultancies in Colombia.

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.