Beyond Dawlish

Australia ICT Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 8.50% (2024-2032)

Australia's technology sector thrives with innovation, robust infrastructure, and growing opportunities across diverse industries. According to the latest report by IMARC Group, the Australia ICT size reached USD 51.87 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 119.34 Billion by 2032, exhibiting a growth rate (CAGR) of 8.50% during 2024-2032 

Australia ICT Industry Trends and Drivers:

The growing digital transformation in several industries as well as a high demand for advanced technologies, including cloud computing, cybersecurity, artificial intelligence, big data analytics, etc., are the factors responsible for the growth of the Australia ICT market. Additionally, as businesses and government sectors invest in ICT to improve operational efficiency, enhance customer experiences, and drive innovation, the market continues to expand. The rising adoption of cloud-based solutions and remote work tools, accelerated by the COVID-19 pandemic, has fueled the need for ICT services, particularly in areas such as cloud infrastructure, software-as-a-service (SaaS), and cybersecurity. Moreover, the commitment by government authorities to strengthening the digital infrastructure of the country through initiatives like the National Broadband Network (NBN) and investments in 5G technology are further propelling the ICT market.

The rise of digital transformation projects aimed at leveraging AI, automation, and data-driven decision-making is augmenting the Australia ICT market. Businesses are increasingly integrating AI and machine learning (ML) to enhance productivity, streamline processes, and gain insights from vast amounts of data. Furthermore, with the rapid growth of e-commerce, fintech, and other digital services, the need for robust cybersecurity solutions has become paramount. As cyber threats become more prevalent, companies are investing heavily in advanced smart security technologies to protect sensitive data as well as ensure compliance with regulatory standards. The increasing deployment of 5G networks is another key driver, enabling faster connectivity and opening new opportunities for the Internet of Things (IoT) and smart technologies. The ongoing technological advancements and strong government support are expected to sustain the growth of the Australia ICT market in the coming years.

Download sample copy of the Report: https://www.imarcgroup.com/australia-ict-market/requestsample

Australia ICT Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Hardware
• Software
• IT Services
• Telecommunication Services

Size of Enterprise Insights:

• Small and Medium Enterprises
• Large Enterprises

Industry Vertical Insights:

• BFSI
• IT and Telecom
• Government
• Retail and E-commerce
• Manufacturing
• Energy and Utilities
• Others

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
•  

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

Street: Morgan Park QLD 4370

City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

Zip/Postal Code: 4370

Email: sales@imarcgroup.com

Phone Number: 1-631-791-1145