RSM International Conference, Singapore 2007 Global Workflow: Future Trends in Services Required By...
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International Conference, Singapore 2007 Global Workflow: Future Trends in Services Required By Clients David Bartlett Economic Adviser, RSM International
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Transcript of RSM International Conference, Singapore 2007 Global Workflow: Future Trends in Services Required By...
RSM International Conference, Singapore 2007
Global Workflow:Future Trends in Services Required By Clients
David BartlettEconomic Adviser, RSM International
RSM International Conference, Singapore 2007
OverviewOverview
SHIFTS IN GLOBAL ENVIRONMENT
Ascent of Emerging Markets
CHANGES IN DEMAND FOR PROFESSIONAL SERVICES
Advances in Technology
Global War for Talent
Transformation of Global Finance
Rise of Cross-Border Competition
EFFECTS ON MIDDLE ENTERPRISES
Major Competitive ChallengesUnprecedented Growth Opportunities
Changes in Regulations
RSM International Conference, Singapore 2007
AccountingAccounting
• CAGR, 2005-2010: 4.9 Percent• Estimated Market Size in 2010: $258 Billion
GLOBAL MARKET
SEGMENTS• Audit• Tax• Advisory Services
KEY DEVELOPMENTS
• Pushback Against Sarbanes-Oxley• Growth of AIM• Expansion of IFRS
Source: Datamonitor, Industry Profile: Global Accountancy, August 2006
RSM International Conference, Singapore 2007
Financial ServicesFinancial Services
Estimated Market Size in 2009: $50 Billion
GLOBAL MARKET
SEGMENTS• Banking• Capital Markets• Insurance
KEY DEVELOPMENTS
• Surge in Cross-Border M & As• Expansion of Private Equity• Consolidation of Global Financial Sector
Source: Kennedy Information, The Financial Services Consulting Marketplace, 2007
RSM International Conference, Singapore 2007
OperationsOperations• CAGR, 2005-2010: 7.1 Percent• Estimated Market Size in 2010: $55 Billion
GLOBAL MARKET
SEGMENTS
• Business Process Improvement• Manufacturing• Supply Chain Management
KEY DEVELOPMENTS
• Pursuit of Efficiency and Growth• Dispersion of IT & Process Technologies• Downstream Extension of Lean Enterprise
Source: Kennedy Information, Operations Management Consulting: Key Data, Trends and Forecasts, 2006
RSM International Conference, Singapore 2007
OutsourcingOutsourcing
• CAGR, 2004-2008: 6.0 Percent• Estimated Market Size in 2008: $475 Billion
GLOBAL MARKET
SEGMENTS
• Business Process Outsourcing• Information Technology
KEY DEVELOPMENTS• Expanding Domain of Outsourcable Functions• Rivals to India as Global Offshoring Locales• Shortages of Skilled Workers as Driver of Outsourcing
Source: Kennedy Information, The Global Outsourcing Marketplace: Key Data, Forecasts, and Trends, 2005
RSM International Conference, Singapore 2007
Human ResourcesHuman Resources
• CAGR, 2007-2011: 7.0 Percent• Estimated Market Size in 2011: $25 Billion
GLOBAL MARKET
SEGMENTS• Benefits• HR Transformation• Talent Management
KEY DEVELOPMENTS
• Mounting Shortages of Skilled Workers• Evolution of Global Labor Market• Discord Over Immigration
Source: Kennedy Information, HR Consulting Marketplace 2007-2011: Key Trends, Profiles and Forecasts, 2007
RSM International Conference, Singapore 2007
Business ConsultingBusiness Consulting• CAGR, 2004-2008: 12 Percent• Estimated Market Size in 2008: $85 Billion
GLOBAL MARKET
SEGMENTS
• Business Planning• Corporate Strategy• Risk Management
KEY DEVELOPMENTS
• Mounting Global Competition• Emerging International Growth Opportunities• Risk Management as Core Competence
Source: Kennedy Information, Business Advisory Services: Delivering Financial & Business Consulting Capabilities, 2007
RSM International Conference, Singapore 2007
Questions?Questions?
David BartlettEconomic Adviser, RSM International
