麻豆区

Mobile Menu

Management Consulting in Australia - Market Research Report (2014-2029)

Ryan Tan Ryan Tan Melbourne, Australia Last Updated: October 2024 ANZSIC M6962a

Revenue

$45.5bn

2024-25

$45.5bn

Past 5-Year Growth

Profit

$X.Xbn

Employees

160k

Businesses

94,997

Wages

$XX.Xbn

Management Consulting in Australia industry analysis

The Management Consulting industry has faced mixed operating conditions over the past few years. The Australian Government's decision to reduce spending on consultants and focus on developing in-house capacities has adversely impacted industry expansion. The 2024-25 Federal Budget showcased this commitment, pledging savings of $1.0 billion through the reduction in outsourcing over the next few years, following the accomplishment of $3.0 billion in savings from similar initiatives in the 2022-23 Budget. At the same time, emerging technologies like generative AI (genAI) are capturing the interest of clients and driving demand for technology consulting. Although revenue from IT consulting isn't directly included in the Management Consulting industry figures, it plays a vital role in strengthening the sector, as it allows consulting firms to cross-sell their services and provide comprehensive, end-to-end solutions. Overall, industry revenue is expected to contract at an annualised 1.1% over the five years through 2024-25 to an estimated $45.5 billion. This trend includes an anticipated 3.3% dip in the current year as businesses cut back on discretionary spending.

Trends and Insights

  • Public sector demand for consulting services is diminishing because of the Australian Government's efforts to reduce expenditures on consultants. As part of the 2024-25 Federal Budget, the government plans to slash $1.0 billion in outsourcing activities.
  • Management consulting firms provide a range of advisory services to businesses to help improve a client's business performance. Key industry service segments include consulting on financial performance, corporate operations, business strategy, human resource optimisation, sustainability issues and digital growth.
  • New South Wales and Victoria have the highest proportion of management consulting firms. The need for face-to-face communication to develop client relationships means that consulting firms are largely located in these states to ensure close contact with clients.
  • Competition among management consultants is on the rise. Consultants compete with each other based on reputation, quality of service, specialised expertise and price, on top of external competition from downstream clients’ in-house capabilities.

Access hundreds of analysis and data

  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
  • PDF report or online database with Word, Excel and PowerPoint export options
  • 100% money back guarantee

Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $45.5bn in 2024.

Trends and Insights

The Australian Government's commitment to cut spending on consultants has hurt industry expansion

  • Government agencies often seek advice from management consulting firms before engaging in projects that require significant expenditure. For this reason, a hike in public sector capital expenditure typically provides management consultants with new opportunities. Public sector initiatives tend to have a long project life cycle, which allows consultants to secure steady revenue streams.
  • Additional trends and insights available with purchase
Management Consulting in Australia
Revenue (2014-2029)
麻豆区 Logo Source: 麻豆区

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Regulatory changes will reshape the Management Consulting industry

  • In March 2023, the Senate launched an inquiry into the integrity of consulting firms that service the government. In June 2024, the committee released its final report, which contained several recommendations that could be implemented.

Biggest companies in the Management Consulting in Australia

Company
Market Share (%)
2025
Revenue ($m)
2025
Accenture Australia
1,510.5
Deloitte Touche Tohmatsu
1,182.9
EY
966.3

To view the market share and analysis for all 7 top companies in this industry, view purchase options.

Products & Services Segmentation

Management Consulting in Australia
Products & Services
麻豆区 Logo Source: 麻豆区

Industry revenue is measured across several distinct product and services lines, including Financial consulting, Strategy consulting and Operations consulting. Financial consulting is the largest segment of the Management Consulting in Australia.

Trends and Insights

The need for operational efficiency has fuelled demand for operations consulting

  • Consultants help businesses structure their operations to create a competitive advantage, protect themselves from market volatility and improve overall performance.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Industry firms provide clients with advice and strategies to solve a range of complex business issues. These issues include financial performance, business strategy and operational structure. Management consultants aim to improve a client’s overall business performance.

What's included in this industry?

Financial consultingStrategy consultingOperations consultingHuman resources consultingSustainability consulting

Companies

Accenture AustraliaDeloitte Touche TohmatsuEY

Purchase this report to view all 7 major companies in this industry.

Related Terms

INSOURCINGANALYTICSOUTSOURCING

Industry Code

ANZSIC 2006

ANZSIC 6962 - Management Consulting in Australia

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Public sector demand for consulting services is diminishing because of the Australian Government's efforts to reduce expenditures on consultants. As part of the 2024-25 Feder...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Management consulting firms provide a range of advisory services to businesses to help improve a client's business performance. Key industry service segments include consulti...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

New South Wales and Victoria have the highest proportion of management consulting firms. The need for face-to-face communication to develop client relationships means that co...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition among management consultants is on the rise. Consultants compete with each other based on reputation, quality of service, specialised expertise and price, on top ...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry鈥檚 level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry鈥檚 own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

The Big Four accounting firms are strategically diversifying by expanding their technology consulting capabilities and teams. This pivot slightly diverts focus from tradition...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Accenture Australia's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Deloitte Touche Tohmatsu's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of EY's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 4 additional companies

Detailed analysis

  • Description and key data for Accenture Australia, and factors influencing its performance in the industry
  • Description and key data for Deloitte Touche Tohmatsu, and factors influencing its performance in the industry
  • Description and key data for EY, and factors influencing its performance in the industry
  • Description, key data and performance trends for 4 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.聽 聽

Analyst insights

The Senate's 2023 inquiry into consulting services will result in more stringent regulatory measures. Recommendations from the final report call for firms to prioritise publi...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029)聽
  • Assistance historical data and forecast (2014-2029)聽

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.聽

Analyst insights

Despite lay-offs by major consulting firms, employment numbers have swelled as consultancies seek to expand their service offerings. This situation has resulted in climbing w...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability聽

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Management Consulting industry in Australia in 2024?

The market size of the Management Consulting industry in Australia is $45.5bn in 2024.

How many businesses are there in the Management Consulting in Australia industry in 2024?

There are 94,997 businesses in the Management Consulting industry in Australia, which has grown at a CAGR of 2.9 % between 2019 and 2024.

Has the Management Consulting industry in Australia grown or declined over the past 5 years?

The market size of the Management Consulting industry in Australia has been declining at a CAGR of 1.1 % between 2019 and 2024.

What is the forecast growth of the Management Consulting industry in Australia over the next 5 years?

Over the next five years, the Management Consulting industry in Australia is expected to grow.

What are the biggest companies in the Management Consulting market in Australia?

The biggest companies operating in the Management Consulting market in Australia are Accenture Australia, Deloitte Touche Tohmatsu and EY

What does the Management Consulting in Australia include?

Financial consulting and Strategy consulting are part of the Management Consulting industry.

Which companies have the highest market share in the Management Consulting in Australia?

The company holding the most market share in Australia is Accenture Australia.

How competitive is the Management Consulting industry in Australia?

The level of competition is high and increasing in the Management Consulting industry in Australia.

Related Industries

Widen you competitive advantage with related industries

Competitors

  • Accounting Services in Australia
  • Market Research and Statistical Services in Australia
  • Employment Placement and Recruitment Services in Australia

Complementors

  • Engineering Consulting in Australia
  • Computer System Design Services in Australia

International industries

  • Global Management Consultants
  • Management Consulting in the US
  • HR Consulting in the US
  • Expert Networks in the US
  • Occupational Health & Workplace Safety Services in the US

View all industries in Australia

Methodology

How are 麻豆区 reports created?

麻豆区 has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for 麻豆区 readers. Finally, each report is reviewed by one of 麻豆区鈥檚 editors, who provide quality assurance to ensure accuracy and readability.

麻豆区 relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do 麻豆区 analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Australia include:

  • Australian Bureau of Statistics
  • Australian Taxation Office
  • Australian Securities & Investments Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, 麻豆区鈥檚 global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does 麻豆区 forecast its data?

麻豆区鈥檚 analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

麻豆区 prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the .