The Australia consulting services market size reached USD 9.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 17.91 Billion by 2032, exhibiting a growth rate (CAGR) of 6.60% during 2024-2032. The market is experiencing steady growth driven by the increasing demand for digital transformation across the country, considerable growth in government infrastructure investments, and a rising focus on sustainability and ESG initiatives.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | USD 9.5 Billion |
Market Forecast in 2032 | USD 17.91 Billion |
Market Growth Rate 2024-2032 | 6.60% |
Increasing demand for digital transformation solutions
The demand for digital transformation services is a key market driver propelling the market in Australia. The increasing global competitive pressures are affecting businesses in several areas, such as finance, healthcare, retail, and manufacturing, which are aggressively pursuing digital transformation. As a result, the demand for consulting firms to provide specialist knowledge to tackle tough issues including upgrading fields, AI software installation, as well as massive data research is increasing. As such, creating and scaling algorithms to better analyze market data for returns on investment is now at the top of new business priorities, with cybersecurity consulting services following closely. This is evident in small to medium enterprises (SMEs) that may not have the in-house skills within these domains and are heavily advised by digital strategy consultants. Along with this, the role of the consulting industry in driving this shift towards a digital-first economy is continuing as an important growth driver for companies seeking to build scalable, agile, and data-driven operations.
Expanding government investment in infrastructure and public services
Rising government spending on infrastructure and public services is another key factor that is contributing to the growth of the market. Australia ranks high in terms of large-scale infrastructure projects which are funded by State investments, such as transportation networks and renewable energy initiatives made by the Australian government. These projects require specialized consulting services, including project management, engineering, financial advice, risk assessment, and firms that excel in navigating complex regulations, creating feasibility studies, and master planning for major public initiatives. Besides this, the growing emphasis on sustainable development and renewable energy infrastructure also offers lucrative opportunities for environmental impact assessment consultants and businesses that focus on planning sustainable projects. The increasing focus on large-scale public sector projects has led to a greater reliance on consulting services. These services are becoming increasingly essential for ensuring efficient project execution and aligning efforts with strategic goals. As a result, the demand for consulting services continues to grow.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service type and end user.
Service Type Insights:
The report has provided a detailed breakup and analysis of the market based on the service type. This includes financial advisory, operations consulting, technology advisory, strategy consulting, and others.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes life sciences and healthcare, government, financial services, energy, IT and telecommunication, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | USD Billion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Service Types Covered | Financial Advisory, Operations Consulting, Technology Advisory, Strategy Consulting, Others |
End Users Covered | Life Sciences and Healthcare, Government, Financial Services, Energy, IT and Telecommunication, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |