The Australia consulting services market size reached USD 9.1 billion in 2024. The market is expected to grow at a compound annual growth rate (CAGR) of 7.5% between 2025 and 2034, reaching almost USD 17.5 billion by 2034. This growth is being driven by increasing demand for expert advice across various industries, as businesses in Australia look to streamline operations, navigate complex regulatory environments, and adopt new technologies. Consulting services span a broad range of industries, from financial advisory to technology consulting, each addressing unique challenges faced by organizations. In this blog post, we’ll explore the key drivers of this market, examine the segmentation by service type and end user, and analyze regional trends, all while providing insights into the competitive landscape and growth forecasts.

Market Overview

The consulting services market in Australia has evolved significantly over the years. Initially, consulting was primarily focused on providing business management advice. However, with technological advancements, shifting global market dynamics, and increased complexity in business operations, consulting services have become more specialized. Today, consulting encompasses a wide array of services, including financial advisory, strategy development, operations optimization, technology integration, and more.

Australia, with its stable economy and business-friendly environment, is home to a thriving consulting market. The country’s diverse industries, robust regulatory frameworks, and global connectivity have created fertile ground for consulting firms to offer their expertise. Factors such as digital transformation, regulatory compliance, and global market competition are expected to fuel the growth of this market over the next decade.

Market Segmentation: By Service Type

Financial Advisory

Financial advisory remains one of the largest and most critical segments within the Australian consulting market. With growing complexity in financial regulations, investment opportunities, and risk management, businesses and individuals alike are turning to financial consultants for expert advice. Financial advisory services typically include mergers and acquisitions (MA) consulting, investment advisory, risk management, and financial planning.

The demand for financial consulting services is expected to remain strong through 2034 as Australian companies continue to navigate a complex economic environment. Additionally, financial consultants are increasingly offering services that help companies meet sustainability goals, such as advising on green investments and managing ESG (Environmental, Social, and Governance) risks.

Operations Consulting

Operations consulting focuses on improving the efficiency of business operations through process optimization, cost reduction, and performance enhancement. This type of consulting is particularly crucial for businesses looking to scale operations, improve supply chains, or adopt best practices in management.

In Australia, operations consulting is experiencing strong demand from industries such as manufacturing, retail, and healthcare. Companies are seeking consultants to help streamline processes, reduce operational costs, and drive productivity improvements. The rise of automation and artificial intelligence in operations will likely lead to further growth in this service type.

Technology Advisory

Technology advisory is rapidly becoming one of the fastest-growing segments of the Australian consulting market. As digital transformation accelerates across industries, organizations are looking for expert advice on how to leverage emerging technologies like artificial intelligence (AI), cloud computing, cybersecurity, and big data analytics.

Consulting firms specializing in technology advisory help organizations navigate the complexities of IT infrastructure, digital strategy, and software implementation. With the ongoing digital disruption in industries such as finance, healthcare, and education, the demand for technology consultants is expected to grow exponentially, positioning this segment as a key driver of overall market growth.

Strategy Consulting

Strategy consulting involves providing businesses with expert advice on how to plan, innovate, and grow. It includes services related to market expansion, mergers and acquisitions, competitive analysis, and long-term business strategy development. Strategy consultants are essential for organizations that wish to gain a competitive edge, enter new markets, or align their business goals with evolving market conditions.

As the Australian business environment becomes increasingly competitive and globalized, strategy consulting is expected to see sustained demand, particularly in the areas of corporate strategy, growth planning, and market analysis.

Other Consulting Services

Beyond the core consulting services mentioned above, other niche consulting areas are gaining traction in Australia. These include sustainability consulting, human resource consulting, legal advisory, and industry-specific services such as tourism and agriculture consulting. These specialized consulting services are responding to unique industry challenges and regulatory pressures, further diversifying the consulting market.

Market Segmentation: By End User

Life Sciences and Healthcare

The healthcare sector in Australia is one of the fastest-growing industries, and with that comes a rising need for consulting services. Life sciences and healthcare consulting typically involves advising on regulatory compliance, healthcare IT integration, clinical research, and operational efficiency.

As healthcare systems across the globe, including in Australia, increasingly adopt digital solutions, consultants specializing in healthcare IT, data management, and telemedicine are in high demand. With healthcare reform, regulatory changes, and the COVID-19 pandemic reshaping the sector, the need for expert advisory services is expected to continue to grow.

Government

The Australian government and public sector are significant consumers of consulting services. These services include policy advisory, public sector efficiency, governance, and public financial management. As governments increasingly turn to technology-driven solutions and more efficient processes, consultants play an essential role in shaping and implementing public policies.

Government-related consulting is expected to see robust growth, driven by continued investments in infrastructure projects, digital government services, and the ongoing push for greater public sector efficiency.

Financial Services

The financial services sector is a major end-user of consulting services in Australia, with firms in banking, insurance, and investment seeking advice on regulatory compliance, risk management, and market strategy. The increasing complexity of financial regulations and the rise of fintech innovations are key factors driving demand for consulting in this space.

Consulting services in financial services are expected to grow as companies address regulatory changes, such as those surrounding anti-money laundering (AML) laws and digital banking regulations. Additionally, the rise of cryptocurrencies and blockchain technologies may open up new consulting opportunities.

Energy

The energy sector in Australia, particularly in renewable energy, is undergoing significant transformation. Consulting services related to energy efficiency, sustainability, and renewable energy solutions are becoming increasingly essential. Consultants assist in strategic planning for energy transitions, optimizing energy usage, and advising on sustainability initiatives.

The government’s push for a net-zero future and the increasing investment in renewable energy sources will continue to boost demand for consulting services in this sector, particularly in areas like solar, wind, and battery storage.

IT and Telecommunication

The IT and telecommunication sectors are central to Australia’s economy, and businesses are increasingly turning to consultants to help them modernize their IT infrastructure, implement cybersecurity measures, and manage large-scale telecom projects. As digital transformation accelerates, organizations are seeking expert guidance to navigate the complexities of cloud services, 5G deployment, and data security.

Other End Users

Other industries, such as retail, manufacturing, and education, are also leveraging consulting services to improve business operations, enhance customer experience, and adopt new technologies. Each of these sectors presents unique consulting opportunities, further broadening the scope of the Australian consulting market.

Regional Analysis

Australia’s consulting services market is not evenly distributed across the country. Major metropolitan areas such as Sydney, Melbourne, Brisbane, and Perth are the primary hubs for consulting firms, as these cities are home to large businesses and government entities that require consulting expertise. However, demand is also growing in regional areas as smaller businesses and public organizations recognize the value of specialized advisory services.

Competitive Landscape

The Australian consulting services market is highly competitive, with a mix of global consulting giants and domestic firms offering diverse services. Leading players include McKinsey Company, Boston Consulting Group (BCG), Deloitte, PwC, and Accenture, among others. These firms are constantly innovating and expanding their service offerings to meet the evolving needs of their clients.

In addition to the large players, the market also features a growing number of niche firms that specialize in areas such as technology advisory, sustainability, and regulatory consulting. This diversity is expected to drive healthy competition and innovation across the sector.

Market Forecast (2025-2034)

With a projected CAGR of 7.5% from 2025 to 2034, the Australian consulting services market is set to witness substantial growth. Key drivers include technological advancements, increasing regulatory complexity, and the ongoing push for digital transformation across industries. As businesses continue to face new challenges, the demand for expert consulting services will remain strong, creating abundant opportunities for consulting firms in Australia.