Based in Dublin, founded by Clarence DeLany, Accenture is an Irish American company that provides services like taxes and specializes in information technology services and operational consultation. It stands under the Fortune Global 500 companies and reportedly has a revenue of around 50 billion dollars. Today, the company stands with several competitors and alternatives and spread across more than 120 countries. Let us know about ‘Accenture Competitors’.
The most prominent competitors of Accenture are- McKinsey and Co, Boston Consulting Group, Inc, and Bain & Co, also known as the “Big Three”. Apart from these companies, there are- Tata Consultancy Services, IBS Software, Ernst & Young, Capgemini, Cognizant and more. These companies work in the same direction of technology and consultation and are significant players in the field.
“Big Three”
McKinsey And Co:
One the top of the list, stands McKinsey and co, a privately-owned consulting firm, that stands as a competitor to Accenture in terms of the technology sector, operation, and organizational issues with a prime focus on media, and natural resources. It rightly makes to the top of the list for its claims about serving around 90 of the top 100 global clients and being a US-based giant.
Boston Consulting Group, Inc:
Boston Consulting Group, Inc. (BCG), stands as one of the biggest private companies in America, with a range of expert consultants from financial to industrial sectors. BCG provides its services to the biggest market firms, non-profit organizations, regional leading organizations, and government undertaking industries.
Bain & Co:
Last of the “Big Three”, Bain and Co, works with non-profit organizations, privately-owned equity funds, and regional organizations. It’s a ‘global equity capital’ giant with its client representing up to 75% of the existing equity capital.
Other Competitors
Tata Consultancy Services (TCS):
Operating primarily in the IT sector with the highest market cap, TCS is also a consultation and business management organization. With a currently growing client base, TCS works with insurance, consumer goods, retail, banking sector, financial services, technology as energy and hi-tech, and more.
TCS is also now preparing to enter the chip-based e-passports sector in 2022 and further expand its sector and management services.
IBS Software:
Based in Singapore, and closely related to the aviation sector, IBS Software primarily leads in SaaS solutions for the aviation industry, cruise, and hospitality sectors. The company also works with B2B and B2C distribution platforms to provide them to certain networks.
Deloitte:
Based in London, Deloitte is a popular name amongst Accenture competitors with around the same amount of revenue, i.e. 50 billion dollars. Both the companies have a big share of the market in the US and cover over 150 countries worldwide. However, Deloitte generates half of its revenue only from the US. Deloitte works in the sector of financial consultancy, audit, tax, and risk management.
Additionally, Deloitte stands with a popular clientele of Boeing, Morgan Stanley, Microsoft, and more.
Ernst & Young:
Popularly known as EY, Ernst, and Young is a popular multinational auditing, consultation, and risk management company. The company works in the sector of retail, automotive, power, health, and other industries and provides entrepreneurial services. EY has had a positive growth graph for the past few years and is set to join the climate sector.
Capgemini:
Based in Paris, Capgemini is a global competitor of Accenture in terms of technology, consulting, and outsourcing. It mostly provides its services for local needs for engineering, technology, infrastructure, operations, and more. Capgemini has also recently set up cooperation with Swift to work on the CBDC (Central Bank Digital Currency) gateway for payment networks.
Cognizant:
Cognizant is another widely known tech solutions company that provides consulting, information management and technology, business process outsourcing services, and more. Cognizant stands firm with its work in app development, infrastructure services, media and communication, consultation, and third-party software products and platforms. Cognizant also collaborates with Microsoft in the healthcare sector for providing virtual healthcare services to remote patients.
Conclusion
Looking at these alternatives, and more available in the same sector, one can make their purchasing decision by evaluating these companies’ market position, buyers’ competencies, different types of solutions, their consultation and management services, and mainly, execution.
FAQs
Can Wipro and Infosys also be considered an alternative to Accenture?
-Yes! Both Wipro and Infosys are market leaders, with their individual clientele based on their services provided and innovation of execution.
Why is Willis Towers Watson considered one of the top Accenture competitors?
-Due to its global services of risk management and human resource consultation, Willis Towers Watson spreads over 140 countries and provides its services. They also get the upper hand based on their advanced technologies and optimum benefits.
Which company leads in revenue with Accenture?
-Based on financial metrics, Accenture leads the market with revenues, as of 2021-2022, with around 50 billion dollars. With Accenture, Cognizant is one of the other leading companies of 2022, with a flat growing revenue curve.
