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Australia ICT Market Size, Share, Growth, Analysis, Report: By Type: Hardware, Software, IT Services, Telecommunication Services, Others; By Enterprise Size: Small and Medium Enterprises, Large Enterprises; By End Use: Public Sector, Telecom, Transportation, BFSI, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia ICT Market Outlook
The Australia ICT market size was valued at USD 68.6 billion in 2023. The market is further projected to grow at a CAGR of 7.20% between 2024 and 2032, reaching a value of USD 129.0 billion by 2032.
Key Takeaways
- Key market drivers include a growing emphasis on digital technology, cybersecurity, artificial intelligence, 5G network, and robotics.
- According to industry reports, global brands like Avaya, Canon, and IBM have established product development (R&D) facilities in Australia, while Google Maps and Warner Bros are leveraging their Australian bases for international digital content development in business and entertainment sectors.
- The Australian Federal Government’s increased IT expenditure further fuels opportunities in the ICT sector.
The ICT sector in Australia is growing and this is prevalent in the increasing demand for skilled professionals in core ICT occupations, such as software engineers and technicians, with a focus on experienced and university-qualified candidates proficient in programming languages and communication skills. The 2021 Census revealed that Information Technology qualifications are held by nearly half a million Australians (470,318), showing a 36% increase since 2016.
Some of the key drivers aiding the Australia ICT market development include the growing adoption of advanced technologies such as artificial intelligence, cloud computing, big data, and the Internet of Things (IoT). This surge in technology adoption is fueled by factors like digital transformation initiatives by the Australian government, increased emphasis on data analytics, AI, and automation across various industries, and the rising number of internet users in the country. As per industry reports, the number of internet users in Australia reached 91% of the population in 2022, indicating a growing market demand.
Additionally, investments in AI capabilities and the restructuring of the telecommunications industry to enhance competition and improve services, along with strategic agreements between key players like TPG Telecom and Telstra to expand broadband and 5G network coverage, further contribute to the Australia ICT market growth.
The transportation sector also leverages ICT solutions for logistics optimisation, fleet management, and passenger services, contributing to operational efficiency and customer satisfaction. Moreover, in BFSI (Banking, Financial Services, and Insurance) sector, ICT solutions are essential for digital banking, financial transactions, risk management, and customer service. The BFSI sector represents a significant portion of ICT revenue, with a focus on cybersecurity, data analytics, and digital transformation initiatives. Lastly, the healthcare sector relies on ICT solutions for electronic health records, telemedicine, medical imaging, and patient management systems, improving healthcare delivery, patient outcomes, and operational workflows.
Market Segmentation
Australia ICT Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Hardware
- Software
- IT Services
- Telecommunication Services
- Others
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by End Use
- Public Sector
- Telecom
- Transportation
- BFSI
- Manufacturing
- Energy
- Retail
- Healthcare
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are focused on leveraging digital technology, cybersecurity, artificial intelligence, and robotics to drive significant growth in the market.
- Samsung Electronics Australia Pty Limited
- Apple, Inc.
- Microsoft Corporation
- IBM Corporation
- Accenture plc
- Cisco Systems Inc.
- Infosys Limited
- Wipro Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Enterprise Size |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia ICT Market Overview
8.1 Key Industry Highlights
8.2 Australia ICT Historical Market (2018-2023)
8.3 Australia ICT Market Forecast (2024-2032)
9 Australia ICT Market by Type
9.1 Hardware
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Software
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 IT Services
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Telecommunication Services
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Australia ICT Market by Enterprise Size
10.1 Small and Medium Enterprises
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Large Enterprises
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia ICT Market by End Use
11.1 Public Sector
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Telecom
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Transportation
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 BFSI
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Manufacturing
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Energy
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Retail
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Healthcare
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
11.9 Others
12 Australia ICT Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Samsung Electronics Australia Pty Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Apple, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Microsoft Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 IBM Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Accenture plc
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Cisco Systems Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Infosys Limited
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Wipro Limited
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia ICT Market: Key Industry Highlights, 2018 and 2032
2. Australia ICT Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia ICT Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia ICT Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Australia ICT Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Australia ICT Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Australia ICT Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Australia ICT Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Australia ICT Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. Australia ICT Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 68.6 billion.
The market is expected to grow at a CAGR of 7.20% between 2024 and 2032.
The ICT market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 129.0 billion by 2032.
The market is being driven due to the growing adoption of advanced technologies, digital transformation initiatives by the Australian government, and the rising number of internet users in the country.
Key trends aiding the market expansion include restructuring of the telecommunications industry, increasing demand for ICT workers, and investments in AI capabilities and digital infrastructure.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on end use, the market segmentations include public sector, telecom, transportation, BFSI, manufacturing, energy, retail, and healthcare, among others.
Hardware, software, IT services, telecommunication services, and other types of ICT are considered in the report.
Key players in the market are Samsung Electronics Australia Pty Limited, Apple Inc., Microsoft Corporation, IBM Corporation, Accenture plc, Cisco Systems Inc., Infosys Limited, and Wipro Limited, among others.
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