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According to IDC analysis, Accenture is ranked as a leader in the company's IDC MarketScape of professional services firms serving the worldwide oil and gas industry. The report, issued in October 2012, represents IDC Energy Insights' opinion on vendors that are well positioned in the market today through current capabilities and those that are best positioned to gain market share over the next few years.
In naming Accenture as a leader in providing oil and gas professional services, IDC Energy Insights wrote: "Accenture provides a full range of professional services to O&G. Business and IT consulting are strong offerings for O&G with an emphasis on business. Accenture currently offers a business model, which is in line with the latest trends of the O&G sector.
“The company is also on the right track in positing that analytics and mobility are the future trends with the greatest applicability in O&G going forward. The professional services firm is running its activities in the O&G industry with a global delivery model, backed up with 26 dedicated energy groups based in most of the O&G centers of the world— Perth, Houston, Calgary, and Aberdeen.
“Moreover, Accenture leverages its presence in India, China, Europe and the United States (global delivery network) to provide system integration, IT consulting and IT outsourcing at lower costs for its clients. The company also gets high marks from customers on its ability to leverage O&G business knowledge on a global basis.”
IDC Energy Insights specifically noted three areas of strength for Accenture: an advanced industry-oriented R&D capability, efforts to hire employees with serious O&G background and a solid strategy of alliances.
IDC also published a separate MarketScape for Business Analytics IT Consulting and Systems Integration Services, in which Accenture was also ranked as a market leader.
Source: IDC Energy Insights, "IDC MarketScape: Worldwide Oil and Gas Professional Services 2012 Vendor Assessment," by Jill Feblowitz and Arthur Melet,October 2012.
The MarketScape is copyrighted 2012 by IDC Energy Insights and is reused with permission. IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.
January 18, 2013
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