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Market size: Estimated at A$721 billion in 2022, accounting for 77.1% of Australia's GDP.
Growth: Expected to grow at a CAGR of 3.4% until 2028.
Key segments: Professional services (21.1%), information services (18.7%), healthcare services (16.5%), education services (13.3%).
Trends: Digitization, automation, and rising demand for specialized services are driving growth.
Government Procurement in the Sector
Spending: Australian government allocated A$79.4 billion for services in 2022-2023.
Key categories: IT services, consulting services, building and construction services, security services, healthcare services.
Main Services Procured
IT services: Software development, data analytics, cloud computing, network security.
Consulting services: Management consulting, business process improvement, engineering consulting, environmental consulting.
Building and construction services: Infrastructure construction, building maintenance, engineering services, architectural services.
Security services: Security guards, alarms, security systems, cybersecurity services.
Healthcare services: Medical imaging, pathology services, allied health services, ambulance services.
Top Authorities for Services Procurement
Department of Finance: Oversees government procurement policies and regulations.
AusTender: Online platform for government procurement opportunities.
Department of Industry, Science and Resources: Provides guidance and support for businesses seeking government contracts.
Department of Health and Aged Care: Handles procurement for healthcare services.
Top Winners of Services Procurement
Accenture: Leading global professional services company, awarded contracts for IT services, consulting services, and digital transformation projects.
KPMG: Major professional services and consulting firm, securing contracts for audit services, tax advice, and business consulting.
Serco Group: International provider of outsourcing and professional services, often awarded contracts for facilities management, security services, and IT services.
Downer EDI: Australian engineering, construction, and services company, winning contracts for infrastructure projects, building maintenance, and security services.
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