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Community Services in Australia Industry Market Research Report Now Updated by IBISWorld
Date:9/2/2014

Melbourne, Australia (PRWEB) September 03, 2014

Operators in the Community Services industry in Australia attend to millions of people annually, arranging care and counsel for those in need. In 2014-15, the subdivision's not-for-profit and private enterprises are expected to derive $39.4 billion in revenue, which includes a combination of government funding, donations and private income. Over the five years through 2014-15, the subdivision is forecast to grow at an annualised rate of 6.6%, including growth of 4.1% in 2014-15.

As the population ages and single-income households look to boost earning capacity, demand for childcare and aged care will continue to accelerate. According to IBISWorld industry analyst Arna Richardson, “While this bodes well for subdivision participants, many operators are subject to supply-side challenges.” As many of these operators rely largely on government funding, which is capped, price signals are often distorted. To this end, the Federal Government is currently undertaking a number of reforms designed to encourage additional private sector and philanthropic investment. In its interim report A New System for Better Employment and Social Outcomes, released in June 2014, the role of civil society underlies one of its four pillars of reform of Australia's welfare system. Furthermore, in 2014-15, the government will re-establish the Community Business Partnership as it seeks to grow the role of community-based organisations and volunteers.

The industry exhibits a low level of market share concentration, and there are no major players. Over the next five years, organisations across the board will be challenged by new operating requirements. The Child Ca
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