Other global consulting markets

Dubai: Following the Gulf Cooperation Council (GCC) region closely behind in terms of growth is Russia, whose consulting market is valued at $0.88 billion, up 17 per cent in 2012. China came third with its market estimated at $2.9 billion, up 10 per cent.

Next on the list are the consulting markets of the US and Africa, both posting a 9 per cent growth and valued at $39.3 billion and $1.4 billion, respectively. Brazil’s advisory market went up by 8 per cent to $1.4 billion, while Eastern Europe posted a 7 per cent growth to reach $1.2 billion.

In terms of value, however, the US remains the biggest market in the world and the fastest growing in the West.

The Source Information Services report also noted that the US consulting market continues to enjoy “mature buyers, lots of headquarters, relative political stability and decent levels of inward investment.”