Australia Accounting Services Market to Grow at an Estimated CAGR of 2.04% During 2025-30

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The Australia Accounting Services Market size was valued at around USD20.5 billion in 2024 and is projected to reach USD23.24 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, cites MarkNtel Advisors in the recent research report. The rise in the market is due to an increase in the need for automated accounting services, stringent government norms, enlarging end-user industries, digitalization of sectors, outsourcing of bookkeeping services, increasing 5G internet penetration, growing investments in technology, and others.

The digitalization of multiple industries, along with the government regulatory acts like the Treasury Law Amendment Act 2024, which mandates environmental accounting in large firms and enterprises, to reduce their carbon footprints. The AASB, ATO, and ASIC regulatory bodies of Australia closely monitor the accounting practices of these firms, and if they fail to meet the standards and guidelines of accounting, a penalty is charged, thus increasing the rate of adoption of accounting services.

Moreover, the digital transformation of accounting services to e-accounting services has increased the accessibility of the services, with the outsourcing of accounting, which is more convenient and effective in managing and organizing the records and details. The advances, such as AI, ML, and cloud services, enable the integration of the automation process, cybersecurity system, and others, thus increasing the efficiency and utility of the accounting services in Australia.

Additionally, the inclination of consumers towards a subscription-based services model, due to the old IT infrastructure, compatibility, budget-friendly, etc. Numerous service providers, such as Sage Business Cloud Accounting, Reckon One, Zoho Books, etc., are offering these services to promote the growth and reach of their accounting services in Australia, further states the research report, “Australia Accounting Services Market Analysis, 2025.” 

Australia Accounting Services Market Segmentation Analysis 

Audit & Assurance Services Generating Massive Market Demand

Based on service type, the market is further bifurcated into audit & assurance, tax advisory & compliance, bookkeeping & payroll services, management consulting & advisory, forensic accounting, business valuation, insolvency & restructuring, and others. Audit & assurance services hold the majority of the market share, around 41%. This is due to its insightful analysis, finance bookkeeping, maintenance of financial & annual reports, and government ESG regulation, etc.

The audit & assurance accounting services are surging in Australia because of the growing financial & advisory, and large-scale firms, which require regular business insights, record keeping of the finances, and others. To gain the insights and look into the state and status of the business, a systematic and organized audit and assurance are needed, as it conserves a lot of time. Primarily, bookkeeping & accounting is increasing due to the ESG norms and regulations of the Australian government, and the imposition of penalties for their violation, thus pushing the firms to maintain records and reports for inspection by the authorities and escape the penalties. Thus, to get the insights, status, finances, taxation, and others, with government regulations, firms need to integrate the audits and assurance, hence facilitating a large share of this segment in the overall growing market.     

Online is the Most Preferred Delivery Channel

The online (cloud-based/remote) delivery channel dominates the accounting services market in Australia with a market share of around 43%. It is due to the widespread accessibility, need for automated solutions, cost-effectiveness, environmental friendliness, integration of advancements such as AI, ML, Cloud, IIoT, etc. The increasing need for automated accounting services for operational efficiency and streamlined workflow of bookkeeping, taxation, analysis, reporting, and several other services, leading to higher demand for online accounting services. Moreover, this form of delivery channel is pocket-friendly and environmentally safe, as it eliminates the usage of paper, thus conserving money and trees, hence is preferred among most Australians.

Moreover, the integration of advances such as AI, ML, cloud, etc., not only effectively manages several tasks but also aids in navigation and keeping the data secure on cloud servers. The addition of a cybersecurity solution with AI, correlated with the real-time data on the cloud server, detects the fraud and blocks them from getting the excess to the sensitive data, thus increasing the market share of the online accounting services in Australia. 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including PwC Australia (PricewaterhouseCoopers), Deloitte Australia, KPMG Australia, EY Australia (Ernst & Young), BDO Australia, Grant Thornton Australia, PKF Australia, Pitcher Partners, Crowe Australasia, RSM Australia, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from service providers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?