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Australia Consulting Services Market Report Overview
The Australia consulting services market reached a value of USD 9.78 Billion at 2025 and is projected to expand at a CAGR of around 7.50% to 2035. With accelerating enterprise AI adoption, mandatory climate disclosures under the Australian Sustainability Reporting Standards (ASRS), rising cyber resilience investments, and sustained public sector technology modernisation, the market is expected to reach USD 20.16 Billion by 2035.
Q1 2026 Market Updates
Geopolitical Impact of Iran, US, and Israel War on the Australia Consulting Services Market
United States: The Australia Consulting Services Market, a key segment of the global economy, is experiencing a complex operating environment in Q1 2026 as a direct consequence of the US-Israel-Iran war. Australia's wholesale diesel price rose to AUD 2.45 per litre by March 23, with fuel quality standards relaxed for diesel. Qatar LNG force majeure has disrupted Australian LNG imports, and electricity tariffs are rising. Global shipping costs are up 30% and insurance premiums have doubled or tripled, inflating the landed cost of imported goods across all sectors in Australia. QatarEnergy declared force majeure on all LNG exports after drone attacks on March 2, disrupting Australia's LNG import arrangements and pushing electricity generation costs higher. These disruptions are filtering through to input costs, logistics expenses, and consumer spending capacity in the Australia consulting services sector.
Iran: Iran's domestic Australia Consulting Services sector has been effectively suspended by the conflict. US-Israeli strikes on industrial and civilian infrastructure across Tehran, Mashhad, Isfahan, and other major cities have disrupted all commercial activity. Power outages from attacks on electricity generation facilities have halted manufacturing operations, and the collapse of the commercial banking and logistics system has eliminated any residual trade flows. The broader humanitarian crisis, with over 1,900 casualties and 4,000+ civilian buildings damaged, has redirected the entire Iranian economy toward survival rather than production or consumption.
Israel: Israel's Australia Consulting Services sector is experiencing near-term disruption from wartime conditions. Consumer spending on non-essential categories has declined as millions of Israelis regularly shelter from missile and drone alerts. Supply chain logistics are disrupted by regional airspace closures, elevated war-risk insurance premiums, and the suspension of major carrier services through the region. International business partnerships with Israeli companies have been temporarily suspended. Post-conflict reconstruction and recovery demand is expected to provide meaningful demand acceleration across affected market segments once operational conditions normalise.
Key Market Trends and Insights
- New South Wales is expected to record a CAGR of 7.8% over the forecast period 2026-2035, underpinned by the state's concentration of financial services headquarters, federal agency procurement, and large-enterprise digital transformation programmes.
- The Technology Advisory segment is expected to exhibit a CAGR of 8.1% over the forecast period, driven by generative AI deployments, cloud modernisation mandates, and enterprise-wide cybersecurity uplift programmes across Australian corporates and government agencies.
- The IT and Telecommunication end-user segment is anticipated to register a CAGR of 7.9% during the forecast period, as telecommunications operators and cloud providers invest in network modernisation, AI-driven operations, and data platform consolidation.
Market Size and Forecast
- Market Size 2025: USD 9.78 Billion
- Projected Market Size in 2035: USD 20.16 Billion
- CAGR from 2026-2035: 7.50 %
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Compound Annual Growth Rate
7.5%
Value in USD Billion
2026-2035
*this image is indicative*
The Australia consulting services market was valued at AUD 15.53 Billion in 2025, expanding on the back of a nationwide pivot to AI-enabled operating models and mandatory climate reporting. Australia's Sustainability Reporting Standards (ASRS) took effect on 1 January 2025 under the Corporations Act 2001, creating immediate advisory demand for climate scenario analysis, Scope 3 emissions measurement, and assurance readiness across Group 1 reporters, per the Australian Accounting Standards Board. That regulatory catalyst is broadening beyond the initial cohort of large listed entities, with Group 2 and Group 3 reporters due to follow from July 2026 and July 2027 respectively, sustaining a multi-year compliance advisory pipeline.
Demand is being further lifted by a surge in cybersecurity and data analytics advisory, with Australian organisations accelerating resilience investments to counter escalating ransomware and AI-era threats. Accenture's August 2025 announcement to acquire Melbourne-based CyberCX, reported by Bloomberg at over AUD 1 billion and described as the firm's largest global cybersecurity acquisition, illustrates how consulting majors are scaling up to meet the advisory needs of regulated industries, critical infrastructure operators, and federal agencies. The federal government spent AUD 968.6 million on consulting contracts in 2024-2025, per data compiled by the Parliamentary Library, confirming that public-sector demand remains a structural pillar of the market even as procurement reform redirects work toward mid-tier and specialist providers.
Key Trends and Recent Developments
AI-Enabled Platforms Become the New Consulting Delivery Standard
Generative and agentic AI are fundamentally changing how consulting services are designed and delivered in Australia. Leading firms are consolidating previously siloed transformation toolkits into AI-orchestrated platforms that compress engagement timelines, allow outcome-based pricing, and blend human expertise with autonomous agents. This industrialisation of AI advisory reflects CEO pressure to run multiple complex transformations simultaneously, manage technology debt, and unlock productivity gains from cloud, data, and AI investments. The shift is also driving a change in talent requirements, with premium placed on AI governance, prompt engineering, and change management skills rather than traditional project management alone. This trend is accelerating Australia consulting services market growth and reshaping competitive dynamics across the professional services sector. In February 2025, KPMG International named Australia among the first eight countries globally to receive its KPMG Velocity AI-enabled transformation platform, with Australian professionals also instrumental in developing KymChat and KymTax AI agents that are now being distributed globally.
Mandatory Climate Disclosures Open a Durable Sustainability Advisory Pipeline
The commencement of the Australian Sustainability Reporting Standards (ASRS) has created a structural expansion of the sustainability and ESG consulting segment that will sustain multi-year advisory demand. Group 1 reporters, comprising Australia's largest listed entities and financial institutions, began mandatory AASB S2 climate disclosures for financial years starting on or after 1 January 2025, with Group 2 following from 1 July 2026 and Group 3 from 1 July 2027. Requirements are broad and increasing in complexity, covering climate-related governance disclosures, physical and transition risk assessments, Scope 3 emissions inventories, scenario analysis using at least two prescribed warming pathways, and transition planning. Assurance requirements will escalate from limited to reasonable by 2030. These obligations draw in Big Four assurance and tax teams, specialist ESG advisory boutiques, and technology consultants who implement the data pipelines and controls required to underpin compliant reporting. In January 2025, the Australian Auditing and Assurance Standards Board (AUASB) approved the national sustainability assurance standard ASSA 5000, providing the assurance framework that will govern the engagement of consulting firms supporting ASRS compliance.
Cybersecurity Consulting Consolidates Into Enterprise-Scale Providers
Australian cybersecurity advisory is shifting from a fragmented boutique market toward consolidated, enterprise-grade providers capable of delivering end-to-end services across consulting, transformation, managed security, cloud sovereignty, and crisis management. This consolidation is being driven by corporate boards elevating cyber resilience to a strategic priority, regulators tightening requirements for critical infrastructure operators, and the increasing sophistication of AI-powered threat actors. Accenture's own State of Cybersecurity Resilience 2025 report found that 97% of Australian organisations were not adequately prepared to secure their AI-driven future, with 80% lacking the critical data and AI cybersecurity practices needed to protect models, data pipelines, and cloud infrastructure. The market's consolidation is reshaping competitive positioning, with mid-tier players forced to decide whether to sell, partner, or specialise. In August 2025, Accenture agreed to acquire Melbourne-based CyberCX in a transaction reported by Bloomberg and the Australian Financial Review at over AUD 1 billion, representing Accenture's largest cybersecurity acquisition globally.
Government Procurement Reform Reshapes Public Sector Consulting Spend
Commonwealth and state governments are actively reshaping the consulting market by building internal advisory capacity and redirecting contracts away from the traditional Big Four toward mid-tier, specialist, and Indigenous-led firms. The Australian Labor government spent AUD 968.6 million on consulting contracts in 2024-2025, a 23% increase over the final Morrison government year of AUD 787.6 million in 2021-2022, per Parliamentary Library data published in September 2025. However, Big Four contracts were simultaneously cut by 47% over the same comparison period, with the shift going predominantly to non-Big 7 firms. New South Wales separately reported AUD 450 million in contractor and advisory savings across the Minns government's first year in office from 2023. The emerging in-house advisory capacity, led by the Australian Government Consulting unit, is not eliminating private consulting demand but is repositioning it, favouring firms offering specialist technical skills in digital platforms, data analytics, and infrastructure that the public service cannot replicate internally.
Segmentation of the Consulting Services Market in Australia
The report by Expert Market Research titled "Australia Consulting Services Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market by Service Type
- Financial Advisory
- Operations Consulting
- Technology Advisory
- Strategy Consulting
- Others
Key Insight: Technology Advisory leads Australia's consulting services market by service type, driven by the enterprise-wide deployment of generative AI, cloud migration programmes, and cybersecurity transformation mandates. The segment benefits from recurring revenue streams tied to managed security operations and cloud advisory, as well as multi-year strategic AI transformation engagements. Deep talent shortages in technical roles are intensifying external dependence: IBISWorld reports Australia's management consulting workforce has grown at a CAGR of 2.9% between 2020 and 2025 across approximately 94,910 businesses, yet specialist AI and cyber skills remain scarce. Commonwealth Bank's decision to pursue more than 50 generative AI pilots reflects the scale at which technology advisors are being commissioned. Financial Advisory is the second-largest segment, expanding on the back of mandatory ASRS climate disclosures, M&A deal advisory, and sustained demand for risk and transactions expertise.
Market by End User
- Life Sciences and Healthcare
- Government
- Financial Services
- Energy
- IT and Telecommunication
- Others
Key Insight: IT and Telecommunication is the leading end-user segment, anchored by the sector's pivotal role in enabling every other industry's digital transformation. Australian telecom operators and cloud infrastructure providers are investing heavily in network modernisation, AI-driven operations, and data platform consolidation, sustaining elevated advisory spend. Government is one of the largest contract pools by value, with the Australian federal government spending AUD 968.6 million on consulting contracts in 2024-2025, per the Parliamentary Library, despite ongoing reform. Financial Services is the second-largest end-user segment by advisory intensity, driven by core-banking modernisation, Reserve Bank payments reform, and ASRS climate reporting compliance. Energy is the fastest-growing end-user segment, fuelled by large-scale renewable generation, transmission grid decarbonisation, and offshore wind development projects. Life Sciences and Healthcare is expanding on the back of genomics, digital health, and aged-care reform spending.
Market by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Key Insight: New South Wales dominates the Australia consulting services market, anchored by Sydney's concentration of banking and insurance headquarters, large-enterprise technology buyers, and federal agency offices. According to the Audit Office of New South Wales, more than 1,000 consulting firms were engaged by NSW government agencies alone in 2021-2022, with total spend exceeding AUD 100 million in that year. Victoria is the second-largest regional market, with Melbourne hosting major corporate headquarters including several of Australia's largest superannuation funds, and a growing technology and life-sciences advisory cluster. The Australian Capital Territory commands a disproportionately large share of government consulting procurement, reflecting the concentration of Commonwealth departments in Canberra. Queensland and Western Australia are expanding on the back of renewable energy, resources, and large-scale state infrastructure investment.
Consulting Services Market Share in Australia
By service type, Technology Advisory holds the dominant share of the Australian consulting services market. The segment commands the leading position because enterprises across every vertical are externalising the specialist skills required to design, govern, and scale AI deployments, cloud migrations, and cybersecurity programmes. IBM Australia's continued leadership in hybrid cloud modernisation and mainframe AI, Accenture's post-CyberCX cybersecurity scale, and KPMG's Velocity and Workbench platforms all illustrate how technology advisory is being elevated from project-based work to long-cycle managed engagements. Financial Advisory holds the second-largest share, benefiting from mandatory ASRS climate reporting, a sustained M&A advisory pipeline, and audit-committee demand for risk and transactions expertise.
By end user, IT and Telecommunication leads the market, as the sector sits at the intersection of every major technology investment cycle. Cloud providers, telcos, and platform operators are commissioning advisory work to redesign operating models, automate networks with AI agents, and address data sovereignty requirements. The Financial Services segment holds the second-largest share, anchored by the Big Four banks and the country's large superannuation funds, both of which maintain multi-year core-banking and compliance advisory relationships. EY's September 2025 launch of EY Growth Platforms with neurosymbolic AI for financial services use cases, and KPMG's close cooperation with Australian banks on AI governance frameworks, illustrate the depth of advisory engagement in this segment.
By region, New South Wales commands the largest share, reflecting Sydney's role as Australia's financial capital and primary corporate hub. The Audit Office of New South Wales recorded more than 10,000 consulting engagements across state agencies in 2021-2022, alongside over AUD 100 million in direct consultancy spend. Victoria is the second-largest regional market, and its position is being reinforced by major consulting acquisitions. Accenture's Melbourne-centred purchases, including The Lumery in March 2024 and the agreement to acquire CyberCX in August 2025, signal that Victoria will continue to attract consulting investment. Queensland and Western Australia are gaining share as large-scale infrastructure, renewable energy, and resources projects drive demand for operations and technology advisory outside the traditional east-coast market.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Regional Analysis
New South Wales remains Australia's consulting services powerhouse, underpinned by Sydney's concentration of banking, insurance, and asset management headquarters alongside the largest state government procurement budget in Australia. Key industries driving demand include financial services, insurance, technology and media, and public-sector infrastructure. The Audit Office of New South Wales confirmed that more than 1,000 consulting firms were engaged by NSW government agencies in 2021-2022, with spend exceeding AUD 100 million for that year alone, before the Minns government subsequently cut contractor and advisory spend by AUD 450 million over its first year from 2023. Major firms including KPMG, EY, Accenture, IBM, and Capgemini maintain their largest Australian offices in Sydney, while cybersecurity specialists run security operations centres in the state. Enterprise demand is driven by core-banking modernisation at ANZ, Westpac, and CommBank, payments infrastructure reform, and ASRS compliance programmes for listed entities with June financial year-ends.
Victoria is the second-largest regional market for consulting services, with Melbourne hosting large corporate headquarters, the highest concentration of superannuation funds, and a rapidly growing technology and life-sciences advisory cluster. Key industries include financial services, manufacturing, healthcare, higher education, and resources. Company expansions in the state have been particularly notable in recent years. In March 2024, Accenture acquired Melbourne-based The Lumery, a marketing-technology consultancy specialising in customer experience and full marketing services transformation. In August 2025, Accenture agreed to acquire Melbourne-headquartered CyberCX in a transaction reported at over AUD 1 billion, the largest consulting acquisition in recent Australian memory and a clear signal of Victoria's strategic importance to global advisory firms. Demand drivers include digital transformation at insurers and superannuation funds, state-government infrastructure spending on transport and renewable energy, and the growing life-sciences cluster around the Parkville precinct.
Competitive Landscape
The Australia consulting services market is moderately consolidated at the top tier, where the Big Four professional services firms and a handful of global technology and strategy consultancies command the majority of large-enterprise and government accounts. Competitive priorities have shifted decisively toward AI-enabled delivery platforms, cybersecurity depth, and sustainability advisory capabilities. Firms that cannot demonstrate a credible agentic AI offering, a defensible cyber practice, and a track record in ASRS compliance are increasingly losing mandates to more specialised competitors.
Consolidation is accelerating through cybersecurity and technology acquisitions, most dramatically illustrated by Accenture's agreement in August 2025 to acquire Melbourne-headquartered CyberCX in a deal reported at over AUD 1 billion. Federal procurement reform is simultaneously diverting work from the traditional Big Four toward mid-tier firms such as Nous Group and specialist boutiques. Despite headwinds from government reform, market leaders KPMG, EY, Accenture, IBM, and Capgemini are deepening competitive moats through proprietary AI platforms, strategic partnerships with ServiceNow, Microsoft, Oracle, and AWS, and dedicated sustainability advisory practices.
KPMG Australia
Founded globally in 1987 through the merger of Peat Marwick International and Klynveld Main Goerdeler, KPMG Australia is headquartered in Sydney. The firm operates across assurance, tax, and advisory services, with consulting capabilities spanning strategy, operations, risk and regulatory, cybersecurity, deal advisory, ESG, and technology transformation. Australia was one of the eight founding markets for the KPMG Velocity AI-enabled transformation platform in mid-2025 and was instrumental in developing the KymChat and KymTax AI agents, which have since been distributed across KPMG's global network of 275,000 professionals. KPMG Australia maintains a full-service presence in Sydney, Melbourne, Brisbane, Perth, Canberra, and Adelaide, serving clients across financial services, government, energy, healthcare, and resources. In June 2025, KPMG International launched KPMG Workbench, a multi-agent AI platform built on Microsoft Azure AI Foundry with a network of 50 AI assistants.
Ernst & Young Asia-Pacific Limited
Ernst & Young Asia-Pacific Limited is the regional holding entity for EY's Asia-Pacific member firms, with EY's Australian practice operating out of Sydney, Melbourne, Brisbane, Perth, Canberra, and Adelaide. The firm delivers assurance, consulting, tax, and strategy and transactions services through EY-Parthenon. EY's global consulting division grew 5.2% to USD 16.4 Billion in FY2025, with AI-related revenue rising 30% as more than 15,000 professionals were engaged on AI transformation projects. In September 2025, EY launched EY Growth Platforms (EYGP) powered by neurosymbolic AI, currently available in North America, Europe, and Australia, targeting financial services, consumer products, and industrials clients. EY also rolled out 30 EYQ generative AI tools across its Australian audit and assurance practice, with EYQ Assurance Knowledge serving as the flagship search and summarisation tool for its 140,000 global assurance professionals.
Accenture Australia Pty Limited
Accenture Australia Pty Limited is the local entity of Accenture plc, headquartered in Dublin and listed on NYSE (ACN). Accenture delivers integrated Reinvention Services across Strategy, Consulting, Technology, Operations, Song (creative and marketing), and Industry X, restructured from September 2025 into a single business unit under Chief Services Officer Manish Sharma. Australian revenues were reported approaching AUD 3 billion on the back of nearly 20% annual growth, per Consultancy.com.au. The firm completed two major acquisitions in Australia between 2024 and 2025: The Lumery, a Melbourne marketing-technology consultancy acquired in March 2024, and CyberCX, agreed in August 2025 for over AUD 1 billion, the largest cybersecurity transaction in Accenture's history. The firm serves banking, government, energy, telecom, and retail clients across Sydney, Melbourne, Brisbane, and Canberra.
IBM Australia Limited
IBM Australia Limited is the local entity of International Business Machines Corporation, headquartered in Armonk, New York, with Australian operations dating from 1932. IBM delivers consulting through IBM Consulting, covering business transformation, technology, and hybrid cloud, supported by watsonx AI, Red Hat OpenShift, and quantum computing capabilities. The firm's global consulting revenue reached USD 17.3 Billion in the first half of FY2025, reflecting 5% year-on-year growth. Capgemini Australia has positioned itself as a strategic partner for IBM z17 mainframe modernisation, and IBM has signed an agreement with Capgemini to provide IBM Quantum Hub access. IBM Australia serves banking, telecommunications, government, and industrial clients, with distinctive strengths in enterprise-grade AI inference at scale, hybrid-cloud integration, and mainframe modernisation that competitors in the pure-advisory space find difficult to replicate.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market are Capgemini Australia Pty Limited among others.
Key Findings from the Australia Consulting Services Market Report
- Comprehensive quantitative and qualitative analysis of the Australia consulting services market with historical and forecast data from 2026 to 2035.
- Detailed segmentation by service type (Financial Advisory, Operations Consulting, Technology Advisory, Strategy Consulting, Others), end user (Life Sciences and Healthcare, Government, Financial Services, Energy, IT and Telecommunication, Others), and regional trends across New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
- Analysis of the competitive landscape profiling KPMG Australia, Ernst & Young Asia-Pacific Limited, Accenture Australia Pty Limited, IBM Australia Limited, and Capgemini Australia Pty Limited, along with their market strategies, AI platform investments, and notable M&A moves.
- Assessment of regulatory impacts including the Australian Sustainability Reporting Standards (ASRS), Australian Prudential Regulation Authority guidelines, Commonwealth Procurement Rules, and the NSW Audit Office's findings on state-level consulting expenditure.
- Insights on enterprise generative and agentic AI adoption, cybersecurity consolidation trends, ESG assurance readiness, public sector procurement reform, and the emerging role of in-house advisory units.
- Strategic recommendations for consulting firms, investors, and corporate advisory buyers based on segment growth dynamics, talent supply constraints, and geographic opportunity pockets across Australia.
Why Choose Expert Market Research?
- Trusted by global clients for delivering precise, data-driven market intelligence and evidence-backed forecasts across professional services and consulting markets worldwide.
- Industry-validated reports crafted by experienced analysts with support from local Australian market experts, regulatory data, and primary industry sources.
- Actionable intelligence that supports strategic planning, go-to-market design, vendor evaluation, investment committee decisions, and market-entry strategies.
- Customisable research options tailored to specific business objectives, regional focus, segment depth, and M&A or competitive intelligence requirements.
Call to Action
Discover the latest insights on the Australia Consulting Services industry with our comprehensive 2026-2035 report. Stay ahead of the curve with authoritative data on AI-driven service innovation, mandatory sustainability reporting demand, cybersecurity advisory consolidation, and top growth regions. Whether you are expanding an advisory practice, evaluating a consulting acquisition, or entering the Australian market for the first time, this report gives you the strategic clarity you need. Download your free sample now and uncover the key opportunities shaping Australia's consulting services landscape.
Australia Consulting Services Market Report Snapshots
Australia Consulting Services Regional Insights
Australia Consulting Delivery Models Trends
Australia Business Advisory Services Sector Consulting
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Key Questions Answered in the Report
The market is estimated to be valued at USD 9.78 Billion in 2025.
The market is projected to grow at a CAGR of 7.50% between 2026 and 2035.
The consulting services market is expected to reach USD 20.16 Billion in 2035.
The market is categorised according to its service type, which includes financial advisory, operations consulting, technology advisory, strategy consulting, and others.
The key market players are KPMG Australia, Ernst & Young Asia-Pacific Limited, Accenture Australia Pty Limited, IBM Australia Limited, Capgemini Australia Pty Limited, and others.
The market is driven by factors that include increasing applications in desserts and bakery items, rising vegan culture and growing demand for products with longer shelf life and higher quality, among others.
The market is categorised according to its end-user, which includes life sciences and healthcare, government, financial services, energy, IT and telecommunication, and others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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