100+ datasets found
  1. Professional Services in Australia - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Jul 15, 2024
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    IBISWorld (2024). Professional Services in Australia - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/au/industry/professional-services/1750/
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    Dataset updated
    Jul 15, 2024
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2014 - 2029
    Area covered
    Australia
    Description

    The Professional Services subdivision's performance is largely linked to overall economic conditions, often determining business confidence and capital expenditure. Over the past few years, greater business profit and rising capital expenditure by the public sector have supported subdivision demand. However, construction projects that were delayed or cancelled because of surging construction expenses and labour scarcity adversely impacted several industries, including architectural services and engineering consulting. This factor has dampened overall subdivision performance, contributing to revenue only growing by an annualised 1.0% through the end of 2024-25 to $324.5 billion. This trend includes a 1.6% rise in the current year, as the rise of AI, particularly generative AI (genAI) and sustainability trends, enables higher value-added service offerings. The professional services subsector is shifting towards tech-oriented strategies. Service providers are incorporating advanced tech solutions like AI-assisted data analysis and genAI into operations. This technological integration improves efficiency and service delivery and facilitates innovation. GenAI has also enabled higher precision in services like design, consulting and accounting, redefining service delivery. High-value, tech-oriented services command premium pricing and have contributed to revenue growth. However, these come with inherent challenges. Requiring specialised skills leads to increased operational costs, including training expenses and investments in technology. The increased remuneration needed to attract and retain talent has escalated costs and exerted pressure on profit margins over the past few years. The Professional Services subdivision is forecast to grow over the next few years, driven by sustainability trends and enhanced regulations. As the focus on renewable energies intensifies, demand for engineering consultants equipped with specialist knowledge is set to accelerate. The need for mandatory climate disclosures and ESG compliance also presents growth potential for accounting and advisory firms. Technology is another determining factor that will dictate service offerings' operations, quality and variety. As demand for tech-oriented solutions intensifies, service providers will be more inclined to invest in tech-related expertise, adding value to their service offerings and enhancing their competitive edge in the market. These forces are why subdivision revenue is forecast to expand at an annualised 2.4% through the end of 2029-30, to $365.5 billion.

  2. Industrial Machinery Manufacturing in Australia - Market Research Report...

    • ibisworld.com
    Updated May 21, 2025
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    IBISWorld (2025). Industrial Machinery Manufacturing in Australia - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/au/industry/industrial-machinery-manufacturing/282/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2015 - 2030
    Area covered
    Australia
    Description

    The industry is highly fragmented due to the diverse nature of the products, with many firms producing low quantities of specialised products. Downstream markets, like mining and manufacturing, strongly influence the industry's performance. Industry revenue is expected to grow at an annualised 3.3% over the five years through 2023-24 to $2.8 billion. This includes an expected 2.1% decline in the current year due to slow growth in downstream demand stemming from a sharp rise in interest rates.A strong performance in the industry's major market, mining, has contributed to revenue growth over the past five years. Rising capital expenditure by the private sector has supported manufacturers. Imports from manufacturers in nations like China have accounted for a high proportion of domestic demand. They are driving out local producers relying on low domestic production costs to remain profitable. Foreign manufacturing hubs typically have low labour costs and specialise in manufacturing high-quantity, standardised products. Despite rampant import competition, industry enterprise and establishments numbers have risen as domestic manufacturers dominate niche markets, creating bespoke, high-quality products.Industry revenue is forecast to fall at annualised 0.7% over the five years through 2028-29 to $2.7 billion. Mixed demand conditions in key downstream industries, like manufacturing, will likely limit revenue growth. Actual capital expenditure on mining is set to grow over the next five years, which is set to support industry growth. An anticipated appreciation of the Australian dollar over the next five years will likely reduce domestic product competitiveness, constraining export revenue. However, a continued shift towards high-value specialised manufacturing is likely to offset this decline and support an increase in profitability over the period. Import competition is slated to continue threatening industry players as developed countries continue to innovate and produce products on par with domestic manufacturers. This trend is anticipated to be an additional barrier for domestic manufacturers who have pivoted to creating high-value products.

  3. Australia AU: GDP: % of GDP: Gross Value Added: Industry: Manufacturing

    • ceicdata.com
    Updated Jun 15, 2009
    + more versions
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    CEICdata.com (2009). Australia AU: GDP: % of GDP: Gross Value Added: Industry: Manufacturing [Dataset]. https://www.ceicdata.com/en/australia/gross-domestic-product-share-of-gdp/au-gdp--of-gdp-gross-value-added-industry-manufacturing
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    Dataset updated
    Jun 15, 2009
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Australia
    Variables measured
    Gross Domestic Product
    Description

    Australia GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 5.363 % in 2023. This records a decrease from the previous number of 5.375 % for 2022. Australia GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 9.580 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 13.789 % in 1990 and a record low of 5.363 % in 2023. Australia GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

  4. T

    Australia Ai Group Industry Index

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +10more
    csv, excel, json, xml
    Updated May 6, 2025
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    TRADING ECONOMICS (2025). Australia Ai Group Industry Index [Dataset]. https://tradingeconomics.com/australia/industry-index
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    json, csv, excel, xmlAvailable download formats
    Dataset updated
    May 6, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2020 - Jun 30, 2025
    Area covered
    Australia
    Description

    Industry Index in Australia increased to -11.90 points in June from -12.30 points in May of 2025. This dataset includes a chart with historical data for Australia Ai Group Industry Index.

  5. Australia Foodservice Market Size & Share Analysis - Industry Research...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    Updated Jul 25, 2018
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    Mordor Intelligence (2018). Australia Foodservice Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/australia-foodservice-market
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    pdf,excel,csv,pptAvailable download formats
    Dataset updated
    Jul 25, 2018
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    Australia
    Description

    The Australia Foodservice Market report segments the industry into Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), Outlet (Chained Outlets, Independent Outlets), and Location (Leisure, Lodging, Retail, Standalone, Travel). Get five years of historical data alongside five-year market forecasts.

  6. Australia Employment: Trend: Manufacturing

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Australia Employment: Trend: Manufacturing [Dataset]. https://www.ceicdata.com/en/australia/employment-by-industry/employment-trend-manufacturing
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Nov 1, 2024
    Area covered
    Australia
    Variables measured
    Employment
    Description

    Australia Employment: Trend: Manufacturing data was reported at 885.525 Person th in Feb 2025. This records an increase from the previous number of 883.760 Person th for Nov 2024. Australia Employment: Trend: Manufacturing data is updated quarterly, averaging 1,025.606 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 1,169.749 Person th in Aug 1989 and a record low of 847.639 Person th in May 2022. Australia Employment: Trend: Manufacturing data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G021: Employment: by Industry.

  7. Total industry value added from sports and recreation in Australia FY...

    • statista.com
    Updated Jun 10, 2024
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    Statista (2024). Total industry value added from sports and recreation in Australia FY 2010-2023 [Dataset]. https://www.statista.com/statistics/1193699/australia-industry-value-added-by-sports-and-recreation/
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    Dataset updated
    Jun 10, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    Sports and recreation activities in Australia contributed over nine billion Australian dollars to the Australian economy in financial year 2023. This was a large increase in comparison to the 2020 financial year, which saw slightly over six billion Australian dollars of value added to the national economy.

  8. Australia Employment: Full Time: Manufacturing: Beverage & Tobacco Product

    • ceicdata.com
    Updated Jan 15, 2025
    + more versions
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    CEICdata.com (2025). Australia Employment: Full Time: Manufacturing: Beverage & Tobacco Product [Dataset]. https://www.ceicdata.com/en/australia/employment-by-sex-and-by-industry-full-time/employment-full-time-manufacturing-beverage--tobacco-product
    Explore at:
    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Nov 1, 2024
    Area covered
    Australia
    Variables measured
    Employment
    Description

    Australia Employment: Full Time: Manufacturing: Beverage & Tobacco Product data was reported at 25.908 Person th in Feb 2025. This records an increase from the previous number of 21.872 Person th for Nov 2024. Australia Employment: Full Time: Manufacturing: Beverage & Tobacco Product data is updated quarterly, averaging 22.579 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 38.534 Person th in Aug 2023 and a record low of 14.236 Person th in Feb 1995. Australia Employment: Full Time: Manufacturing: Beverage & Tobacco Product data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G024: Employment: by Sex and by Industry: Full Time.

  9. Australia Toys and Games Market - Size, Share & Industry Analysis

    • mordorintelligence.com
    pdf,excel,csv,ppt
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    Mordor Intelligence, Australia Toys and Games Market - Size, Share & Industry Analysis [Dataset]. https://www.mordorintelligence.com/industry-reports/australia-toys-and-games-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2020 - 2030
    Area covered
    Australia
    Description

    The Report Covers Australia's Toys and Games Market Statistics, and It is Segmented by Type (Card Games, Construction Sets and Models, Dolls and Stuffed Toys, Plastic and Other Toys, Puzzles, Toys for Toddlers and Kids, and Video Game Consoles) and Distribution Channel (Online, and Offline). The Report Offers Market Size and Forecast in Value (USD) for all the Above Segments.

  10. Australia Aviation Market Size & Share Analysis - Industry Research Report -...

    • mordorintelligence.com
    pdf,excel,csv,ppt
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    Mordor Intelligence, Australia Aviation Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/australia-aviation-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    Australia
    Description

    The Australia Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

  11. Australia Employment: Manufacturing: Food Product

    • ceicdata.com
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    CEICdata.com, Australia Employment: Manufacturing: Food Product [Dataset]. https://www.ceicdata.com/en/australia/employment-by-sex-and-by-industry/employment-manufacturing-food-product
    Explore at:
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Nov 1, 2024
    Area covered
    Australia
    Variables measured
    Employment
    Description

    Australia Employment: Manufacturing: Food Product data was reported at 187.357 Person th in Feb 2025. This records a decrease from the previous number of 207.291 Person th for Nov 2024. Australia Employment: Manufacturing: Food Product data is updated quarterly, averaging 181.205 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 231.217 Person th in Feb 2020 and a record low of 151.113 Person th in Aug 1988. Australia Employment: Manufacturing: Food Product data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G023: Employment: by Sex and by Industry.

  12. Retail trade industry gross value added Australia 2015-2024

    • statista.com
    • ai-chatbox.pro
    Updated Jul 1, 2025
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    Statista (2025). Retail trade industry gross value added Australia 2015-2024 [Dataset]. https://www.statista.com/statistics/874963/australia-gross-value-added-retail-trade-industry/
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    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    In the year ended December 2024, the gross value added (GVA) by the retail trade industry in Australia amounted to around 106.7 billion Australian dollars. In 2023, the GVA by Australia's retail trade industry was about 106.5 billion Australian dollars, which followed a steady year-on-year upward trend for the industry spanning over a decade.

  13. Coal mining industry gross value added Australia 2015-2024

    • statista.com
    Updated Jun 6, 2025
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    Statista (2025). Coal mining industry gross value added Australia 2015-2024 [Dataset]. https://www.statista.com/statistics/874406/australia-gross-value-added-coal-mining-industry/
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    Dataset updated
    Jun 6, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    As of December 2024, the gross value added (GVA) by the coal mining industry in Australia amounted to about 106 billion Australian dollars. This figure represents an increase from the previous year. Coal mining economic contribution Employment in the coal mining industry has declined over the past decade, but saw a rise again in 2023. Tens of thousands of people are still included in the coal mining workforce. Australia is one of the world’s largest exporters of coal. With China being the largest coal consuming country in the world, recent tensions have cast uncertainty on trade relations, including the export of Australian coal. Coal mining companies UK-Australian based BHP and Rio Tinto were among the leading mining companies worldwide. These multinational companies have a diverse mining portfolio that includes Australian coal. This comes as no surprise, as Australia has coal reserves totaling around 150 billion metric tons.

  14. Economic contribution of the fashion industry Australia 2021, by economic...

    • statista.com
    Updated Aug 16, 2023
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    Statista (2023). Economic contribution of the fashion industry Australia 2021, by economic activity [Dataset]. https://www.statista.com/statistics/1263626/australia-economic-contribution-of-fashion-industry-by-activity/
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    Dataset updated
    Aug 16, 2023
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    In financial year 2021, the fashion industry in Australia contributed around 27.2 billion Australian dollars to the national economy. The Australian fashion industry is highly interlinked with the overall economy, and employs over 489,000 Australians.

  15. Australia Employment: Full Time: Australian Capital Territory: Total...

    • ceicdata.com
    Updated May 9, 2025
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    CEICdata.com (2025). Australia Employment: Full Time: Australian Capital Territory: Total Industries [Dataset]. https://www.ceicdata.com/en/australia/employment-by-state-and-by-industry
    Explore at:
    Dataset updated
    May 9, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2022 - Nov 1, 2024
    Area covered
    Australia
    Variables measured
    Employment
    Description

    Employment: Full Time: Australian Capital Territory: Total Industries data was reported at 212.848 Person th in Feb 2025. This records an increase from the previous number of 210.252 Person th for Nov 2024. Employment: Full Time: Australian Capital Territory: Total Industries data is updated quarterly, averaging 135.299 Person th from Nov 1984 (Median) to Feb 2025, with 162 observations. The data reached an all-time high of 212.848 Person th in Feb 2025 and a record low of 93.889 Person th in Nov 1984. Employment: Full Time: Australian Capital Territory: Total Industries data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G022: Employment: by State and by Industry.

  16. Consumption of water Australia FY 2022, by industry

    • statista.com
    Updated Jan 3, 2025
    + more versions
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    Statista (2025). Consumption of water Australia FY 2022, by industry [Dataset]. https://www.statista.com/statistics/1033484/australia-water-consumption-volume-by-industry/
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    Dataset updated
    Jan 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    During fiscal year 2022, approximately 66,185 gigaliters of water were consumed by the electricity, gas, water, and waste services industry in Australia. The effective management of water supply and consumption are important for Australia, a country which is the driest inhabited continent on earth.

  17. Australia Courier, Express, and Parcel (CEP) Market Size & Share Analysis -...

    • mordorintelligence.com
    pdf,excel,csv,ppt
    + more versions
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    Mordor Intelligence, Australia Courier, Express, and Parcel (CEP) Market Size & Share Analysis - Industry Research Report - Growth Trends [Dataset]. https://www.mordorintelligence.com/industry-reports/australia-courier-express-and-parcel-cep-market
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2017 - 2030
    Area covered
    Australia
    Description

    The Australia Courier, Express, and Parcel Market report segments the industry into Destination (Domestic, International), Speed Of Delivery (Express, Non-Express), Model (Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)), Shipment Weight (Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments), Mode Of Transport (Air, Road, Others), End User Industry (E-Commerce, and more).

  18. Projected industry employment growth in Australia Q1 2020-Q1 2025, by...

    • statista.com
    Updated Jun 25, 2025
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    Statista (2025). Projected industry employment growth in Australia Q1 2020-Q1 2025, by industry [Dataset]. https://www.statista.com/statistics/1228951/australia-projected-industry-employment-growth-by-industry/
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    Dataset updated
    Jun 25, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    Figures show a forecast of growth in health, education, and professional services in Australia from the first quarter of 2020 to the first quarter of 2025. The forecast shows the health care and social assistance industry will create ******* new employment and the education and training industry ****** new employment by the first quarter of 2025. However, the figures show a projection for agriculture, manufacturing, construction, and mining industries to decline in employment in the same period. The figures forecast a loss of ****** employment for these industries.

  19. Retail Industry in Australia - Analysis & Statistics

    • mordorintelligence.com
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    Mordor Intelligence, Retail Industry in Australia - Analysis & Statistics [Dataset]. https://www.mordorintelligence.com/industry-reports/retail-industry-in-australia
    Explore at:
    pdf,excel,csv,pptAvailable download formats
    Dataset authored and provided by
    Mordor Intelligence
    License

    https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy

    Time period covered
    2019 - 2030
    Area covered
    Australia
    Description

    Australia Retail Market is Segmented by Product Category (Food and Beverage, Personal and Household Care, and More), by Retail Format (Supermarkets and Hypermarkets, Convenience Stores, and More), by Distribution Channel (Offline Retailing, Online Retailing, and More), by Payment Mode (Cards and EFTPOS, and More), and by State (New South Wales, Victoria, and More). The Market Forecasts are Provided in Terms of Value (USD).

  20. T

    Australia Ai Group Industry Index - Manufacturing

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +11more
    csv, excel, json, xml
    Updated Jul 1, 2025
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    TRADING ECONOMICS (2025). Australia Ai Group Industry Index - Manufacturing [Dataset]. https://tradingeconomics.com/australia/industry-index-manufacturing
    Explore at:
    xml, csv, json, excelAvailable download formats
    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2020 - Jun 30, 2025
    Area covered
    Australia
    Description

    Industry Index Manufacturing in Australia decreased to -29.30 points in June from -23.50 points in May of 2025. This dataset includes a chart with historical data for Australia Ai Group Industry Index - Manufacturing.

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IBISWorld (2024). Professional Services in Australia - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/au/industry/professional-services/1750/
Organization logo

Professional Services in Australia - Market Research Report (2015-2030)

Explore at:
Dataset updated
Jul 15, 2024
Dataset authored and provided by
IBISWorld
License

https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

Time period covered
2014 - 2029
Area covered
Australia
Description

The Professional Services subdivision's performance is largely linked to overall economic conditions, often determining business confidence and capital expenditure. Over the past few years, greater business profit and rising capital expenditure by the public sector have supported subdivision demand. However, construction projects that were delayed or cancelled because of surging construction expenses and labour scarcity adversely impacted several industries, including architectural services and engineering consulting. This factor has dampened overall subdivision performance, contributing to revenue only growing by an annualised 1.0% through the end of 2024-25 to $324.5 billion. This trend includes a 1.6% rise in the current year, as the rise of AI, particularly generative AI (genAI) and sustainability trends, enables higher value-added service offerings. The professional services subsector is shifting towards tech-oriented strategies. Service providers are incorporating advanced tech solutions like AI-assisted data analysis and genAI into operations. This technological integration improves efficiency and service delivery and facilitates innovation. GenAI has also enabled higher precision in services like design, consulting and accounting, redefining service delivery. High-value, tech-oriented services command premium pricing and have contributed to revenue growth. However, these come with inherent challenges. Requiring specialised skills leads to increased operational costs, including training expenses and investments in technology. The increased remuneration needed to attract and retain talent has escalated costs and exerted pressure on profit margins over the past few years. The Professional Services subdivision is forecast to grow over the next few years, driven by sustainability trends and enhanced regulations. As the focus on renewable energies intensifies, demand for engineering consultants equipped with specialist knowledge is set to accelerate. The need for mandatory climate disclosures and ESG compliance also presents growth potential for accounting and advisory firms. Technology is another determining factor that will dictate service offerings' operations, quality and variety. As demand for tech-oriented solutions intensifies, service providers will be more inclined to invest in tech-related expertise, adding value to their service offerings and enhancing their competitive edge in the market. These forces are why subdivision revenue is forecast to expand at an annualised 2.4% through the end of 2029-30, to $365.5 billion.

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