Australia management consultancy market demand driven by the need for businesses to continuously revise their models due to the economic turmoil
Business and Management Consultancies in Australia: ISIC 7414 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-02 06:30:04
The Australian business and management consultancies market flourished over 2000-2010.The global economic shocks seen towards the end of the review period stimulated the need for companies to continuously revise business models and highly increased demand for consulting services.
By the end of review period, the market amount to A$42.6 billion, growing by 115% compared to 2000. The reviewed market grew at an average annual pace of more than 8% over the review period. Overall sales are divided between sales to businesses, with this accounting for around 99% of value, with a marginal share of sales being attributable to governmental purchases.
The turnover of local companies grew at a similar pace as the overall industry and reached A$41.9 billion in 2010, only marginally lagging behind the size of total sales in the industry. The largest area of the industry under review is the management of holding companies, with this accounting for 56% of local turnover in 2010.
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