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Australia Consulting Services Market Size, Share, Forecast: By Service Type: Financial Advisory, Operations Consulting, Technology Advisory, Strategy Consulting, Others; By End User: Life Sciences and Healthcare, Government, Financial Services, Energy, IT and Telecommunication, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Consulting Services Market Outlook
The Australia consulting services market size reached USD 9.1 billion in 2023. The market is expected to grow at a CAGR of 7.5% between 2024 and 2032, reaching almost USD 17.5 billion by 2032.
Key Takeaways
- As per industry reports, Australia accounted for USD 639.5 million data spend in 2021 while witnessing a 32.6% change in the total spending from the year 2020.
Consultants serve as problem-solving experts for hire, assisting businesses, governments, and non-profits with complex issues that require specialized expertise. The consulting industry has evolved significantly over the past two decades, encompassing various domains such as Strategy, Management, Operations, Financial, HR, and IT Consulting, offering services across numerous industries and functional areas. While most consultants are employed by large or mid-sized firms, freelance consultants also play a significant role in the industry.
In addition to traditional consulting roles, there is a growing trend of advisors working in consultancy capacities outside the consulting industry. Many organisations have developed internal consulting units to address their advisory and implementation needs, leading to the emergence of an "internal consulting" sector whose size remains uncertain but is potentially substantial while driving the Australia consulting services market growth.
Cybersecurity consulting experienced significant growth in 2021, driven by the increased demand for securing remote work infrastructure amid regional lockdowns. Likewise, data and analytics consulting saw heightened demand due to shifts in customer behaviour, supply chain disruptions, and challenges posed by the Great Resignation. Companies sought assistance in leveraging data for predictive insights and enhancing business decision-making.
In Australia, the number of Management Consultants has grown substantially over the past decade, outpacing the overall workforce growth by fourfold. This underscores the increasing reliance on consulting expertise across various sectors to navigate evolving business challenges and opportunities playing an important role in the Australia consulting services market development.
Market Segmentation
Australia Consulting Services Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Service Type
- Financial Advisory
- Operations Consulting
- Technology Advisory
- Strategy Consulting
- Others
Market Breakup by End-User
- Life Sciences and Healthcare
- Government
- Financial Services
- Energy
- IT and Telecommunication
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the consulting services market in Australia design and offer services while undertaking mergers and acquisitions to support the end users in the market.
- KPMG Australia
- Ernst & Young Asia-Pacific Limited
- Accenture Australia Pty Limited
- IBM Australia Limited
- Capgemini Australia Pty Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Service Type |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Consulting Services Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Consulting Services Historical Market (2018-2023)
8.3 Asia Pacific Consulting Services Market Forecast (2024-2032)
9 Australia Consulting Services Market Overview
9.1 Key Industry Highlights
9.2 Australia Consulting Services Historical Market (2018-2023)
9.3 Australia Consulting Services Market Forecast (2024-2032)
10 Australia Consulting Services Market by Service Type
10.1 Financial Advisory
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Operations Consulting
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Technology Advisory
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Strategy Consulting
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 Australia Consulting Services Market by End User
11.1 Life Sciences and Healthcare
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Government
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Financial Services
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Energy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 IT and Telecommunication
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Australia Consulting Services Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 KPMG Australia
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Ernst & Young Asia-Pacific Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Accenture Australia Pty Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 IBM Australia Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Capgemini Australia Pty Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Consulting Services Market: Key Industry Highlights, 2018 and 2032
2. Australia Consulting Services Market: Key Industry Highlights, 2018 and 2032
3. Australia Consulting Services Historical Market: Breakup by Service Type (USD Billion), 2018-2023
4. Australia Consulting Services Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
5. Australia Consulting Services Historical Market: Breakup by End User (USD Billion), 2018-2023
6. Australia Consulting Services Market Forecast: Breakup by End User (USD Billion), 2024-2032
7. Australia Consulting Services Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Australia Consulting Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Australia Consulting Services Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 9.1 billion in 2023.
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The consulting services market is expected to reach USD 17.5 billion in 2032.
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.
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