Australia Government Spending Market Summary, Competitive Analysis and Forecast to 2028

Key Highlights

• Government spending refers to the money spent by the government of a country to provide goods and services to its citizens. It helps to drive economic growth, create employment opportunities, and improve the standard of living for its citizens.
• The Australian government spending market recorded revenues of $423.2 billion in 2023, representing a compound annual growth rate (CAGR) of 4.3% between 2018 and 2023.
• The social protection segment accounted for the market's largest proportion in 2023, with total revenues of $148.1 billion, equivalent to 35% of the market's overall value.
• Australia accounted for a 6.1% share of the total Asia-Pacific market in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in Australia
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Australia
• Leading company profiles reveal details of key government spending market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Australia government spending market with five year forecasts

Reasons to Buy

• What was the size of the Australia government spending market by value in 2023?
• What will be the size of the Australia government spending market in 2028?
• What factors are affecting the strength of competition in the Australia government spending market?
• How has the market performed over the last five years?
• What are the main segments that make up Australia's government spending market?