Accenture is an Irish-domiciled public company that was founded in the year 1989. It serves a worldwide area via headquarters based at Dublin in Ireland. The company has spread its presence to one hundred and twenty countries and serves clients in nearly two hundred cities.
The company has posted impressive revenues, net income and employees for the fiscal year 2019 at 43.20 billion US dollars, 4.78 billion US dollars and 505,000 employees respectively with market capitalization at 125.1 billion US dollars in November 2019.
Accenture is associated with the professional services industry and offers services in digital technology, strategy consulting and operations.
Its product portfolio includes software, technology, delivery, implementation, R&D for emerging technologies via Accenture Technology, management, business and technology consulting via Accenture Consulting business, technology and operations strategy via Accenture Strategy, mobility, analytics, and digital marketing services via Accenture Digital, and cloud services, IT services, business process outsourcing, security and managed operations via Accenture Operations.
The professional services industry is huge with some prominent players in the field. Accenture is one of the top companies and faces stiff competition from its rival brands in all the fields it is involved in. Some major Accenture competitors are listed below.
International Business Machines Corporation is commonly referred to as IBM. It is a public company of American origin that was founded in the year 1911 by its founders Thomas J Watson Sr and Charles Ranlett Flint. It operates via headquarters based at Armonk, New York in the United States.
The company has spread its presence to one hundred and seventy-seven countries in the world and has posted its revenues at 77.14 billion US dollars by the end of the fiscal year 2019.
IBM is associated with several industries like hardware and software of computers, Artificial Intelligence, and cloud computing. It produces and sells related products, is a major research organization and offers consulting and hosting services in nanotechnology and mainframe computers. Major operations include Software, Global Financing, Systems and Technology, Global Business Services and Global Technology Services.
IBM works in a highly competitive environment and recognizes Accenture as its Platinum level business partner as well as a competitor in numerous fields. Both the multinational companies are service-based B2B companies with high visibility that dominate as well as compete in Information Technology service arena.
Capgemini is a public company of French origin that was founded in the year 1967 by its founder Serge Kampf. It operates via headquarters based at Paris in France. The company has spread its presence to forty countries in the world and has an employee count of nearly two lakh employees. The company has a strong presence in India, North America, France and the United Kingdom.
With revenues, net income and total assets at 14.12 billion Euros, 856 million Euros and 18.13 billion Euros respectively by the end of the fiscal year 2019 Capgemini is one of the major Accenture competitors in the world.
Capgemini is associated with Information Technology industries and provides technology services, process consulting, outsourcing, managed services, digital, cloud, business consulting, Artificial Intelligence, Business information management, application management, custom solution development, packaged-based solutions and professional services. Its digital capabilities are second to none as it offers exemplary services requested by the customers.
The company has a decentralized as well as a flexible operating model along with a diversified client base that helps to compete with global giant Accenture successfully.
3. Computer Sciences Corporation or CSC / DXC Technology
Computer Sciences Corporation is commonly referred to as CSC and is a public company of American origin that was founded in the year 1959 by its founders Fletcher R Jones and Roy Nutt. On 3rd April year 2017, it merged with HP Enterprise to form another company DXC Technology. Currently, it operates via headquarters based at Tysons, Virginia in the United States.
The company has spread its presence to seventy countries in the world like Canada, Italy, Australia, United Kingdom, Japan etc and serves its clients with the help of fifty-six thousand professionals.
DXC Technology. has posted its revenues, net income and total assets at 20.75 billion dollars, 1.25 billion dollars and 29.50 billion dollars respectively by the end of the fiscal year 2019. It has an employee count of one lakh thirty thousand in the same year and is considered one of the important Accenture competitors in the world.
DXC Technology is associated with Information Technology industries and provides technology services, consulting, outsourcing, retail, service management, manufacturing, life sciences, IoT, financial services, Big data, banking, cybersecurity, cloud solution and managed services. It is a B2B service provider that is involved in complex and critical challenges through next-generation innovative solutions as well as services.
4. McKinsey & Company
McKinsey & Company is an incorporated partnership company of American origin that was founded in the year 1926 by its founder James O McKinsey. It operates via headquarters based at New York City in the United States. The company has posted its revenues at 10+ billion US dollars in the fiscal year 2018 and an employee count of twenty-seven thousand in the same year. It has spread its presence via one hundred and twenty-seven offices in various parts of the globe.
McKinsey & Company is a major Accenture competitor associated with management consulting industry and has put its onus on addressing technological, operational, organizational and strategic issues. It offers management consulting as well as strategy services, for instance, creating a plan on the restructuring of salesforce, advice on acquisitions, advice on downsizing and creating new business strategies. The company has expert consultants to create, implement and evaluate management decisions.
McKinsey & Company is a high-profile brand name with lots of visibility in the industry. It is said to charge nearly 25% more for its products and services than other rival brands. Its average project costs about one million dollars.
5. Bain & Company
Bain & Company is an incorporated partnership company of American origin that was founded in the year 1973 by its founders Patrick F Graham and William W Bain Jr. It operates via headquarters based at Boston, Massachusetts in the United States. The company has posted its revenues at 4.5 billion US dollars in the fiscal year 2019 and an employee count of ten thousand and five hundred in the same year. It has spread its presence via fifty-eight offices in thirty-seven countries in the world.
Bain & Company is associated with the management consulting industry and is considered one of the Big-Three management consultancies. It is a direct Accenture competitor and offers services to governmental entities, non-profit, private and public organizations as well as technology companies. The company offers a vibrant ecosystem and integrated expertise to outperform the competition, acquire a greater market share and deliver quicker, better and enduring outcomes.
Most of the clients of Bain & Company are Fortune 500 CEOs. It advises on issues like market analysis, operations, finance, corporate strategy, corporate renewal, information technology, results delivery, performance improvement, customer strategy and marketing, mergers and acquisitions and private equity investments.
6. Boston Consulting Group
Boston Consulting Group is commonly referred to as BCG and is a private company of American origin that was founded in the year 1963 by its founder Bruce Henderson. It operates via headquarters based at Boston, Massachusetts in the United States. The company has spread its presence with ninety offices in fifty countries in Australia, Middle-East, Europe, Asia and North and South America. BCG has posted its revenues at 8.5 billion US dollars for the fiscal year 2019 and twenty-one thousand employee counts.
The Accenture competitor Boston Consulting Group serves government agencies, non-profit organizations and medium business entities. It is considered one of the Big-Three management consultancies and holds a prominent position in the industry.
Boston Consulting Group is considered a pioneer in business strategy and help organizations to gain a competitive advantage in the market. It has successfully integrated human and digital capabilities to boost functional expertise.
It s product and service portfolio includes sustainability, strategy, risk management, operations, marketing and sales, innovation, digital economy, corporate finance, information technology, corporate development and consumer insight.
Cognizant is a public company of American origin that was founded in the year 1994 by its founder Kumar Mahadeva. It operates via headquarters based at Teaneck, New Jersey in the United State and has spread its presence to one hundred and sixty-six locations in the world.
The company has posted its revenues and total assets at 16.8 billion dollars and 16.2 billion dollars respectively for the fiscal year 2019. With an employee count of 292,500 Cognizant is considered one of the Accenture competitors in the industry.
Cognizant is associated with the Information technology industry and deals in related services and consulting. It is a prominent company offering professional services to transform the technology and operating models of the clients. Its consultative approach helps in creating and developing efficient businesses.
The product and service portfolio of Cognizant includes technology, retail, healthcare, manufacturing, banking, finance, data, cloud, testing solutions, IoT, digital engineering, enterprise resource solution, application development & Maintenance, intelligent process automation, interactive, business and technology consulting and Artificial Intelligence.
8. Tata Consultancy Services
Tata Consultancy Services Limited is commonly referred to as TCS and is a public company of Indian origin that was founded in the year 1968 as a division of Tata Sons Ltd. It operates via headquarters based at Mumbai, Maharashtra in India.
The company has spread its presence to one hundred and forty-nine locations in forty-six countries. It has two hundred and eighty-five offices and one hundred and forty-seven delivery centres. It acts as a subsidiary of its parent company Tata Group.
TCS is the first IT Company of Indian origin to reach 100 billion dollars market capitalization. It posted its revenues and employee count for the fiscal year 2020 at 22.031 billion US dollars and 448,464 employees.
Its net income and total assets for the year 2019 were posted at 4.5 billion US dollars and 16.6 billion dollars respectively. TCS is the largest services provider in the world and competes with Accenture in the technology industry.
TCS is associated with IT industry and deals in IT services, IT consulting, managed services, and outsourcing along with application development, technology education services, software management, payment processing, enterprise software, capacity planning, and business process outsourcing.
Wipro is a public company of Indian origin that was founded in the year 1945 by its founder Sudipto Halder. It operates via headquarters based at Bengaluru, Karnataka in India.
The company posted its revenues, net income and total assets for the fiscal year 2019 at 8.47 billion US dollars, 1.3 billion dollars and 12.04 billion dollars respectively.
Wipro is a conglomerate associated with information technology, business process and consulting services. Its products are related to health care, personal care, furniture and lighting and services include managed services, outsourcing, consulting, IT services, software application services, data centre managed services, analytics, infras6rsucture management and digital strategy.
Infosys Limited is a public company of Indian origin that was founded in the year 1981 by its founder N R Narayana Murthy and some of his friends. It operates via headquarters based at Bengaluru, Karnataka in India. The company posted its revenues, operating income and net income for the fiscal year 2020 at 12.7 billion US dollars, 2.71 billion US dollars and 2.33 billion US dollars respectively. It has posted an employee count at 243,454 for the calendar year 2019.
Infosys is associated with the Information technology industry and deals in IT services and IT consulting. The company provides services in domains like manufacturing, insurance, and finance. It is the second-largest IT companies of Indian origin after TCS based on revenues and is considered one of the major Accenture competitors in the technology industry.
Important products and services include big data, Artificial Intelligence, software development, digital services, cloud services, engineering services, maintenance, business process outsourcing and IT solution and services.
Accenture competitors have slowly and steadily managed to create a distinct place of their own and are occupying a significant market share. They have adopted aggressive marketing policies and created a loyal customer base. This has been the hallmark of their success and this is why they are currently amongst the top in the industry.