Management Consulting in Australia - Industry Research Report

Going green: Sustainability consulting is growing as customers become more environmentally conscious

The Management Consulting industry is benefiting from mostly favourable operating conditions. Mostly positive business confidence has buoyed business expansion and overall demand for management consulting services. The pandemic wreaked havoc on management consultants in 2019-20, as many downstream clients sought to limit discretionary spending because of economic uncertainty and government restrictions. Nonetheless, business confidence and private capital expenditure recovered over the three years through 2022-23, spurring demand for management consultants. Revenue is expected to rise at an annualised 2.1% over the five years through 2022-23 to an estimated $47.3 billion. This trend includes an increase by an estimated 0.5% in 2022-23.

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. The industry excludes public relations services, and financial planning and investment advice.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.