Australia Consulting Services Market Outlook
According to the report by Expert Market Research (EMR), the Australia consulting services market attained a value of USD 9.10 billion in 2024. Driven by the increasing demand for business transformation, digital adoption, and regulatory compliance across various sectors, the market is projected to grow at a CAGR of 7.50% between 2025 and 2034 to reach nearly USD 18.76 billion by 2034.
The consulting services industry in Australia comprises a broad array of professional services that offer strategic, financial, technological, and operational guidance to organisations. These services enable businesses to navigate complex challenges, adapt to fast-changing market conditions, and optimise internal capabilities. As economic volatility and technological advancements accelerate, both public and private sector organisations are increasingly relying on specialised consultants to stay competitive, manage risks, and achieve sustainable growth.
Australia’s robust economic landscape, diverse industry base, and strong corporate governance structures have fostered a mature consulting ecosystem. With the rapid rise of emerging technologies such as artificial intelligence (AI), machine learning, and cloud computing, consulting firms are seeing rising demand for services related to digital transformation, cybersecurity, and data analytics. In parallel, increasing government investments in infrastructure, healthcare, and education continue to create opportunities for advisory firms across strategic planning and operational optimisation.
Australia Consulting Services Market Size
The Australia consulting services market has witnessed significant growth in recent years, underpinned by expanding industry verticals, increasing M&A activity, and the steady proliferation of startups and SMEs. With its market value reaching USD 9.10 billion in 2024, the sector demonstrates the critical role that advisory services play in helping businesses mitigate risks, comply with regulations, and implement cutting-edge solutions to maintain operational efficiency.
This sizeable market includes players offering management consulting, financial advisory, IT consulting, legal and compliance services, human resources consulting, and more. Among these, management consulting and IT services collectively account for a substantial share of the revenue, as enterprises increasingly seek to drive efficiency and innovation through process improvement, organisational restructuring, and technological adoption.
Australia Consulting Services Market Share
In terms of market share, multinational firms such as McKinsey & Company, Boston Consulting Group, Deloitte, EY, PwC, and KPMG dominate the high-end consulting space in Australia. These firms benefit from strong brand reputation, access to global expertise, and the ability to deliver end-to-end solutions across industries. Their client base spans sectors including financial services, energy, healthcare, government, and telecommunications.
At the same time, local and mid-sized consulting firms continue to gain ground by offering tailored services, sector-specific knowledge, and competitive pricing. These firms are particularly active in niche domains such as sustainability consulting, risk and compliance, digital transformation, and startup advisory. As organisations prioritise cost-effectiveness and agility, the demand for specialised regional firms is expected to grow.
The consulting services market is further segmented by end-user industries such as BFSI, manufacturing, retail, IT and telecom, public sector, and healthcare. The financial services and public sector segments currently hold a significant share of the market, owing to increasing regulatory scrutiny, evolving consumer expectations, and policy reforms.
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Australia Consulting Services Market Trends
A key trend shaping the Australian consulting services market is the increasing shift towards digital transformation consulting. As businesses seek to embrace automation, artificial intelligence, and data-driven decision-making, consulting firms are playing a crucial role in guiding digital strategy, implementing enterprise software, and managing change across the organisation.
The rise of environmental, social, and governance (ESG) concerns is also influencing consulting trends. Clients are seeking guidance on sustainability strategy, regulatory compliance, carbon footprint reduction, and stakeholder engagement. This has led to a surge in demand for consultants with expertise in climate risk, ESG reporting frameworks, and sustainable finance.
Furthermore, remote consulting and virtual advisory services have gained momentum in the post-pandemic era. With companies adopting hybrid work models and leveraging cloud-based collaboration tools, consulting firms are delivering services across geographical boundaries, improving client accessibility and cost efficiency.
Cybersecurity consulting is another major growth area, as Australian organisations grapple with an increasing frequency of data breaches and cyberattacks. Advisory firms are assisting businesses in implementing robust cyber hygiene practices, conducting risk assessments, and ensuring regulatory compliance with frameworks such as the Australian Cyber Security Centre (ACSC) Essential Eight.
Talent strategy and workforce transformation services are also in demand, with businesses aiming to enhance employee experience, drive productivity, and attract skilled talent in a competitive labour market.
Drivers of Growth
Several factors are contributing to the growth of the Australia consulting services market. One of the most influential drivers is the rising need for businesses to adapt to digital technologies and stay relevant in the face of rapid innovation. Consulting firms are indispensable in providing expertise on cloud migration, AI integration, business intelligence tools, and enterprise resource planning (ERP) implementation.
Additionally, the Australian regulatory landscape is evolving rapidly, with new compliance requirements emerging across sectors such as finance, healthcare, energy, and education. Consulting services are crucial in helping companies navigate this complexity, ensuring governance, risk management, and legal adherence.
The dynamic economic environment and growing globalisation are prompting Australian enterprises to pursue cross-border expansion, mergers, and strategic partnerships. Consulting firms provide valuable due diligence, market entry strategy, and post-merger integration support, enabling businesses to expand successfully into new markets.
Government initiatives and infrastructure investments also present lucrative opportunities for consultants. Projects in transportation, renewable energy, and public health are creating demand for advisory services in areas such as feasibility studies, cost-benefit analysis, procurement, and stakeholder engagement.
Moreover, the rise of agile and lean business models is encouraging organisations to periodically reassess their operating structures, making strategy consulting a continuous requirement rather than a one-time investment.
Australia Consulting Services Market Segmentation
The market can be divided based on service type, end user and region.
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
Some of the major players explored in the report by Expert Market Research are as follows:
- KPMG Australia
- Ernst & Young Asia-Pacific Limited
- Accenture Australia Pty Limited
- IBM Australia Limited
- Capgemini Australia Pty Limited
- Others
Challenges and Opportunities
While the Australia consulting services market holds immense potential, it also faces certain challenges. One of the key issues is talent acquisition and retention. As the demand for consulting services grows, firms are under pressure to recruit skilled professionals with deep sector knowledge and analytical capabilities. Retaining top talent amid competitive compensation packages and growing workload expectations remains a persistent challenge.
Additionally, client expectations are evolving. Companies are now seeking quicker, more measurable outcomes, requiring consultants to move beyond strategy formulation to hands-on implementation. This shift is prompting consulting firms to invest in execution capabilities and build long-term value delivery models.
Economic uncertainties and budget constraints in some sectors, especially post-pandemic, can also affect consulting expenditure. Smaller firms may find it harder to secure contracts or invest in technology and workforce development during such periods.
Nevertheless, numerous opportunities lie ahead. The increasing integration of AI and automation in consulting operations is enhancing service delivery, reducing turnaround times, and improving client satisfaction. The growing emphasis on data-driven decision-making is expanding the demand for analytics and data science consulting.
Furthermore, mid-sized and boutique consulting firms have the opportunity to establish themselves as domain specialists in niche areas such as fintech, healthcare analytics, and ESG compliance. Partnerships between consulting firms and technology providers are also creating new service models that combine strategic advisory with technical implementation.
As startups and SMEs continue to proliferate in Australia’s vibrant entrepreneurial ecosystem, the need for agile and cost-effective consulting solutions tailored to growth-stage companies is expected to increase significantly.
Australia Consulting Services Market Forecast
Looking ahead, the Australia consulting services market is poised for steady expansion over the next decade. With a projected CAGR of 7.50% between 2025 and 2034, the market is expected to nearly double in size, reaching USD 18.76 billion by 2034. This growth will be fuelled by the rising complexity of business environments, the need for rapid digital transformation, and the growing interdependence of regulatory, technological, and operational functions.
Consulting firms that can offer multidisciplinary expertise, deliver measurable impact, and adapt quickly to evolving client needs will be well-positioned to thrive. Investment in digital tools, data platforms, and reskilling of consultants will be critical to maintaining competitive advantage in a fast-changing market.
As Australia strengthens its role in the global innovation and services economy, the demand for high-quality, value-oriented consulting services will continue to rise across all sectors. The future of the consulting industry in Australia will be defined by collaboration, agility, and a relentless focus on enabling clients to achieve strategic clarity and operational excellence.
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