Spending on consultants to reach $57.5 bln by 2009

According to IDC, the global consulting markets are undergoing a phase of uncertainty and business model redefinition, as changes in buyer behavior drive shifts in the competitive landscape and vendor positioning. Despite the evolving market dynamics, worldwide consulting spending is expected to increase from nearly $47.9 bln in 2004 to $57.5 bln in 2009, at a 5-year compound annual growth rate (CAGR) of 3.7%.