'Chinese consultancy market to grow till 2011'

Mumbai, Aug 18: The Chinese consultancy market will continue to grow at over 20 per cent till 2011 despite the industry suffering from talent shortage, according to a study conducted by Kennedy Information. A scarcity of consulting talent in the industry stems mainly from China's unique need for localized firms combined with limitations in its education system. This, however, will not hamper the market's growth from acheiving a 20 per cent plus CAGR over the next three years. The Asia-Pacific (APAC) region will also maintain its status as the highest growth market in the consulting, said the report.

''Even in 2005, interest in the APAC region was driven primarily by opportunistic servicing of growing domestic consulting demand in each market and the wish to support global clients in their endeavors in Asia-Pacific region. Today, a much larger group of firms has moved toward an overall strategic interest in the APAC region since offshore outsourcing links have already been playing an important role in that area,'' says analyst Damien Blenkinsopp.

UNI