Australia Accounting Services Market Size & Insights

According to MarkNtel Advisors study The future of Australia Accounting Services Market size was valued at around USD 20.5 billion in 2024 and is projected to reach USD 23.24 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.04% during the forecast period, i.e., 2025-30. The Australia Accounting Services Market growth is due to an increase in the need for automated accounting procedures, digitalization of sectors, advancement in technologies, outsourcing of bookkeeping, increasing e-commerce, enlarging end-user industries, government inclination towards sustainable alternatives, and others.

What are the Key Driver in the Australia Accounting Services Market?

Stringent ESG (Environmental, Social, and Governance) Regulations – The Australian Accounting Services Industry is experiencing a surge in growth due to the rise in stringent regulations, acts, standards, etc., for attaining the sustainability goals. The Australian government is mandating accounting among the large corporations and firms under the Treasury Law Amendment Act issued in 2024, effective from 2025. Under this act, the enterprises need to keep their record of carbon footprints, emissions, investments in eco-friendly goods, etc., in their annual financial reports. This law in initiated to attain the carbon neutrality vision plan, lower emissions, and other sustainable initiatives. 

The Australian authorities, like the Australian Accounting Standards Board (AASB), the Australian Taxation Office (ATO), and the Australian Securities and Investments Commission (ASIC), are monitoring the financial reports, taxation, audits, etc., and the implementation of Treasury Law Amendment Act 2024, under the Environmental, Social, and Governance (ESG) principles. In case of violation of these goals, acts, and principles, a large penalty is imposed on the violator. Thus, the stringent sustainable initiatives of the government authorities and their close monitoring of their compliance have forced the enterprises, primarily large firms, to incorporate the accounting services in their systems, hence increasing the size & volume of the industry. 

What are the Key Segments in the Australia Accounting Services Market?

The Australia Accounting Services is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Service Type
  • Audit & Assurance – Market Size & Forecast 2020-2030, USD Million
  • Tax Advisory & Compliance – Market Size & Forecast 2020-2030, USD Million
  • Bookkeeping & Payroll Services – Market Size & Forecast 2020-2030, USD Million
  • Management Consulting & Advisory – Market Size & Forecast 2020-2030, USD Million
  • Forensic Accounting – Market Size & Forecast 2020-2030, USD Million
  • Business Valuation – Market Size & Forecast 2020-2030, USD Million
  • Insolvency & Restructuring – Market Size & Forecast 2020-2030, USD Million
  • Others (e.g., Sustainability Reporting, Digital Transformation Advisory) – Market Size & Forecast 2020-2030, USD Million
• By End-User
  • Enterprises – Market Size & Forecast 2020-2030, USD Million
    • Large Enterprises – Market Size & Forecast 2020-2030, USD Million
    • Small & Medium Enterprises (SMEs) – Market Size & Forecast 2020-2030, USD Million
  • Individuals & Professionals – Market Size & Forecast 2020-2030, USD Million
  • Government & Public Sector – Market Size & Forecast 2020-2030, USD Million
• By Delivery Channel
  • Offline (In-Person/Onsite) – Market Size & Forecast 2020-2030, USD Million
  • Online (Cloud-Based/Remote) – Market Size & Forecast 2020-2030, USD Million
  • Hybrid – Market Size & Forecast 2020-2030, USD Million

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Who are the Key Players in Australia Accounting Services Market?

• PwC Australia (PricewaterhouseCoopers)
• Deloitte Australia
• KPMG Australia
• EY Australia (Ernst & Young)
• BDO Australia
• Grant Thornton Australia
• PKF Australia
• Pitcher Partners
• Crowe Australasia
• RSM Australia

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Australia Accounting Services Market News

2024: PwC Australia launched “Regulatory Pathfinder,” a generative AI-powered tool designed to streamline regulatory compliance for businesses. The tool automates the process of compiling, tracking, and mapping regulatory obligations, enabling accounting firms and clients to manage compliance more efficiently in Australia’s evolving regulatory landscape.

2024: KPMG Australia acquired Chartertech to strengthen its accounting services for mid-market clients. The acquisition enhanced KPMG’s capabilities in financial planning, forecasting, and analytics, enabling more automated, tech-driven accounting solutions tailored to Australia’s evolving business and compliance environment.

Key pillars of the research methodology include:

·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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