Australia Cloud Computing Market Outlook Report - Market Size, Share Analysis and Forecast (2025-2034)

Australia Cloud Computing Market Size

The Australia cloud computing market size reached USD 10.9 billion in 2024. The market is expected to grow at a CAGR of 11.8% between 2025 and 2034, reaching USD 30.8 billion by 2034.

Key Takeaways:

• Growing IT spending in banking sector is propelling the cloud computing industry.

• With a 96% internet penetration rate, Australia propels expansion in the cloud computing format market, as indicated by recent World Bank data.

• Microsoft announced in October 2023 its plan to inject an extra $5bn into Australia over two years, augmenting hyperscale cloud computing capacity.

Infrastructure as a Service (IaaS) drives the Australia cloud computing market growth by allowing businesses to adjust their IT infrastructure according to demand

Infrastructure as a Service (IaaS) provides businesses with scalability, cost-effectiveness, global reach, disaster recovery, and backup solutions. Robust security measures safeguard sensitive data, while outsourcing infrastructure management allows firms to concentrate on core activities and innovation, easing IT maintenance burdens.

Platform as a Service (PaaS) streamlines app development with pre-configured tools, reducing time-to-market and costs through infrastructure management and a pay-as-you-go model. Collaboration tools facilitate seamless teamwork, while automatic updates ensure operational efficiency. Scalability, language support, and frameworks empower developers to create versatile applications.

In April 2023, Amazon Web Services (AWS) unveiled plans for a $13bn investment in Australia over five years to expand its cloud computing footprint in Melbourne and Sydney. The strategy included transitioning data centres to renewable energy sources. The AWS Sydney region, operational since 2012 with a $9.2bn investment, expanded with the recent Melbourne launch, aiming to create 11,000 full-time-equivalent positions.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Australia Cloud Computing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

• Infrastructure as a Service (IaaS)

• Platform as a Service (PaaS)

• Software as a Service (SaaS)

Market Breakup by Deployment

• Public

• Private

• Hybrid 

Market Breakup by Enterprise Size

• Large Enterprises

• Small and Medium Enterprises

Market Breakup by End Use 

• BFSI

• IT and Telecom 

• Retail and Consumer Goods 

• Manufacturing 

• Energy and Utilities 

• Healthcare 

• Media and Entertainment 

• Government and Public Sector 

• Others 

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia cloud computing market key players are Amazon Web Services, Inc., Microsoft Corp., Salesforce, Inc., Broadcom Inc., Google LLC, Adobe, Inc., Alibaba Group Holding Limited, Oracle Corp., IBM Corp., and SAP SE among others.

Key Highlights of the Report