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Research and Markets: Global Business and IT Consulting Service Market 2011-2014 Features Players such as IBM Corp., PricewaterhouseCoopers and Deloitte Touche

Research and Markets(http://www.researchandmarkets.com/research/d064b2/global_business_an) has announced the addition of the "Global Business and IT Consulting Service Market 2011-2014" report to their offering.

TechNavio's analysts forecast the Global Business and Information Technology Consulting Service market to grow at a CAGR of 6.3 percent over the period 2011-2014. One of the key factors contributing to this market growth is the increased adoption of green IT consulting. The Global Business and IT Consulting Service market has also been witnessing the upsurge of social networking. However, the revenue generation being affected by the economic slowdown could pose a challenge to the growth of this market.

TechNavio's report, Global Business and IT Consulting Service Market 2011-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts.

Key vendors dominating this market space include IBM Corp., Deloitte Touche, Tohmatsu Ltd., PricewaterhouseCoopers and Accenture.

Commenting on the report, an analyst from TechNavio's IT Services team said, Organizations are increasingly using social computing tools for recruitment and broad-based knowledge management initiatives, which is expected to result in more cost and time-efficient collaboration across global workforces. Firms worldwide are progressively tapping into social networking sites and internet searches to screen potential talents and experienced staff, and also to carry out background checks to gain insights into the personalities and past and present activities of potential and existing employees. Using social networks as a recruitment tool is set to become a standard element of HR procedures in the future.

According to the report, global companies have to deal with issues such as expanding carbon footprints, rising energy bills, and other environmental issues, hence it is expected that green IT consulting will flourish into a lucrative business. In green IT consulting, a baseline of energy usage and carbon footprint is created, then detailed roadmaps for specific green IT initiatives such as procurement are developed, and specific technologies for virtualization are implemented.

For more information visit http://www.researchandmarkets.com/research/d064b2/global_business_an

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