Professional Services in Australia

Overview

Seeking professional help: Rebounding mining demand is expected to boost revenue

IBISWorld’s Professional Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT
Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$132bn
Annual Growth
2012 - 2017
0.6%
Annual Growth
2017 - 2022
x.x%lock
Profit
x.x%lock
Employment
589,191
Business
162,083

Industry Threats & Opportunities

  • Professional service providers have benefited from growing investment in infrastructure
  • Engineering consulting services have declined as a proportion of subdivision revenue
  • Architectural and surveying services are likely to struggle with increasing foreign competition

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    Industry Analysis & Industry Trends

    The Professional Services subdivision provides various services to a range of markets. Over the past five years, professional service providers have benefited from the growing investment in infrastructure. However, a decline in capital investment across the mining sector has partly offset this trend, negatively affecting engineering consultancy firms. Accounting and management consultants have benefited from businesses looking to improve efficiencies as disruptive technologies have significantly altered the business environment. Some industries in the subdivision, such as the Professional Photographic Services industry and the Architectural Services industry, have faced increased competition as new technologies have made it easier for new participants to enter their industries...

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    Industry Report - Industry Locations Chapter

    The geographic distribution of enterprises and revenue for the Professional Services subdivision is most concentrated in the eastern states. New South Wales has by far the most business locations at a projected 35.4% in 2016-17, earning 34.7% of subdivision revenue due to key downstream businesses being based in the state. Most large-scale legal, accounting and consulting firms are based in New South Wales as it provides access to a large number of professional clients. Victoria and Queensland follow New South Wales, with 26.5% and 18.4% of businesses, respectively. Collectively, the eastern states of Australia are expected to account for 80.3% subdivision business locations and 79.3% of revenue in 2016-17. The..

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    Additional Insights for the Professional Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Professional Services Industry are

  • Access to highly skilled workforce
  • Ability to compete on tender
  • Well-developed internal processes

    • IBISWorld analysts also discuss how external factors such as Private non-residential construction capital expenditure and Business confidence index in the Professional Services industry impact industry performance..

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    Industry Products

    What is the Professional Services Industry?

    The Professional Services subdivision consists of industries that primarily provide services to other businesses. These services include engineering and design services, scientific services, information technology services, marketing services, legal and accounting services, employment services and a range of administrative support services.

    Industry Products
    Scientific and environmental research services
    Architectural and surveying services
    Engineering consulting services
    Management consulting services
    Legal services
    Accounting services
    Advertising and market research services
    Other professional services
    Industry Activities
    Consulting services
    Scientific business services
    Advertising and design services
    Landscape planning services
    Legal services
    Accounting services
    Public relations and research services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private non-residential construction capital expenditure
  • Business confidence index
  • Capital expenditure by the public sector
  • Total business profit
  • Private research and development expenditure

    • Current Performance
  • Strengths and weaknesses
  • Mixed demand trends
  • Profit
  • Chart: Revenue Growth

    • Industry Outlook
  • Revenue and profit growth
  • Mixed consulting growth
  • Globalisation trends
  • Table: Professional Services Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Professional Services Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Manufacturing
  • Construction
  • Retail Trade
  • Financial and Insurance Services
  • Professional, Scientific and Technical Services
  • Public Administration and Safety
  • Consumers

    • Key Selling Industries
  • Professional Services
  • Telecommunications Services

    • Products & Services
  • Engineering consulting services
  • Legal services
  • Accounting services
  • Architectural and surveying services
  • Other professional services
  • Management consulting services
  • Scientific and environmental research services
  • Advertising and market research services
  • Chart: Professional Services Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Finance and services industries
  • Building and construction industries
  • Other divisions
  • Public sector and utilities
  • Mining industries
  • Households
  • Chart: Major Market Segmentation for the Professional Services Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Professional Services

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Professional Services Industry

    • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Professional Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Professional Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cad Software
  • Computer aided design software.
    • In-House
  • When a company performs an activity or function internally as opposed to outsourcing it.
    • Outsourcing
  • The use of outside service providers to perform various non-core activities.

    • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Professional Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Professional Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Professional Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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