Australia ICT Market Report and Forecast 2025-2034

Australia ICT Market Size

The Australia ICT market was valued at USD 68.6 billion in 2024. The market is further projected to grow at a CAGR of 7.20% between 2025 and 2034, reaching a value of USD 129.0 billion by 2034.

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.

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 ICT Industry Report and Forecast 2025-2034 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