Wednesday, November 2, 2016
- Energy sector hit worst by low commodities prices
- Utilities by far the best performing sector
- US energy & resources – the only global market to achieve moderate growth
- Technology consulting – the largest and fastest growing service
Energy & resources was a tough market for both clients and consultants in 2015. Continued low oil and commodities prices made it difficult for clients to take on new projects, and as a result, the consulting market grew just 3.2 per cent to reach a total value of $15.4bn. The utilities sector, which is less vulnerable to these pressures, was the industry’s best performer in 2015 with consulting revenues increasing 7.5 per cent to $3.6bn.