The global telecom consulting market is estimated to have reached $12.97 billion in 2008, an 8.2% increase from 2007, but is expected to decline well into 2010.
For the next 12 to 18 months, we are likely to see telecom operators across the board tightening their capital and expense budgets with a significant impact on consulting projects and staffing.
The negative growth could extend into 2010 before the situation stabilizes in 2011.
However, we think that this is unlikely and that growth will return toward the second half of 2010 and the telecom consulting market should slowly come back to healthy growth rates in 2011 and 2012.
These expectations translate into a CAGR of 4.8% from 2008 to 2012, bringing the sector\'s total revenue to $15.10 billion in 2012.
The top 30 telecom consulting firms continue to control the majority of the customers and revenue.
Telecom consulting revenues from the top 30 players in 2007 totalled $10,030 million and accounted for 83.7% of the industry\'s total. To support the strong growth years of from 2005 to 2007, consulting firms across the board hired extensively. The number of employees in the top 30 telecom consulting firms increased by an estimated 16.5% and 13.9% in 2006 and 2007 respectively.
The market leader remains Accenture, with a telecom consulting revenue estimated to have reached $1,970 million in 2007, representing a market share of 16.4%.
IBM follows with estimated consulting revenue of $1,443 million and a 12% market share.
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