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The Professional Services subdivision's performance is largely linked to overall economic conditions, which often determine business confidence and capital expenditure. Over the past few years, higher business profit and rising public sector capital expenditure have supported subdivision demand. However, construction projects that were delayed or cancelled because of surging construction costs and labour shortages adversely affected several industries, including architectural services, specialised design services and engineering consulting, dragging down average sector margins. Many firms have faced scrutiny over conflicts of interest, transparency and public sector expenditures, leading them to restructure operations and enhance compliance procedures to re-establish confidence. These factors have dampened overall subdivision performance, contributing to revenue weakening by an annualised 0.2% over the five years through 2026-27 to $235.0 billion. This trend includes a 0.3% dip in 2026-27 amid continued weakness in business confidence.
IBISWorld's research coverage on the Professional Services industry in Australia includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released September 2026.
The Professional Services industry in Australia operates under the ANZSIC industry code M6900. The Professional Services subdivision consists of industries primarily providing services to other businesses and households. These services include scientific research, architectural, engineering and technical services; legal and accounting services; advertising, market research and statistics; management and related consulting; veterinary services; and other professional services. Related terms covered in the Professional Services industry in Australia include outsourcing, in-house and mytax.
Products and services covered in Professional Services industry in Australia include Engineering consulting services, Management consulting services and Accounting services.
Companies covered in the Professional Services industry in Australia include Deloitte Touche Tohmatsu, EY and PwC Australia.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Professional Services industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Professional Services industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Professional Services industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Professional Services industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Professional Services industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Professional Services industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Professional Services industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Professional Services industry in Australia.
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The market size of the Professional Services industry in Australia is $235.0bn in 2026.
There are 282k businesses in the Professional Services industry in Australia, which has grown at a CAGR of 0.8 % between 2021 and 2026.
The Professional Services industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Professional Services industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Professional Services industry in Australia has been declining at a CAGR of 0.2 % between 2021 and 2026.
Over the next five years, the Professional Services industry in Australia is expected to grow.
The biggest companies operating in the Professional Services industry in Australia are Deloitte Touche Tohmatsu, EY and PwC Australia
Consulting services and Scientific research services are part of the Professional Services industry in Australia.
The company holding the most market share in the Professional Services industry in Australia is Deloitte Touche Tohmatsu.
The level of competition is high and increasing in the Professional Services industry in Australia.