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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Australia IT Hardware Market Outlook
The Australia IT hardware market size reached USD 9.67 billion in 2023. The market is expected to grow at a CAGR of 4.03% between 2024 and 2032, reaching USD 14.02 billion by 2032.
Key Takeaways:
- The Australian Government, as per the Department of Industry, Science, and Resources, backs key and emerging technologies for future strength.
- New residential building values, as per Australian Bureau of Statistics data, soared by 19.4% to $7.14 billion, driving IT hardware adoption.
- By February 2024, Nvidia's AI-compatible hardware propelled its market value beyond Australia's GDP, marking a significant company value surge.
Networking hardware contributes significantly to the Australia IT hardware market growth by addressing a diverse spectrum of computing demands, ranging from basic functions to high-performance tasks
PCs and workstations offer adaptability to meet a variety of computing requirements, boosting efficiency with robust processors and storage. They are customizable for diverse tasks, excelling in gaming, upgradability, and software compatibility for professional applications amid numerous new technology launches.
In February 2024, Logitech unveiled the Logitech Reach webcam tailored specifically for educational purposes. This webcam, featuring a flexible-arm Logitech StreamCam, is designed to aid in capturing analogue content during live streaming, presentations, classroom sessions, and meetings.
Networking hardware delivers dependable connectivity through routers, switches, and access points. It adapts to expanding data demands, encourages collaboration, supports remote access, ensures data security, and presents centralized management tools for streamlined operations and minimized downtime.
Market Segmentation
Australia IT Hardware Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- PC & Workstations
- Networking Hardware
- Routers
- Hubs
- Switches
- Server Market
- Storage Devices
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia IT hardware market key players are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Apple Inc., Lenovo Group Ltd, HP Inc., Intel Corporation, Cisco Systems, Inc, Dell Australia Pty Limited and Sony Australia Limited among 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 Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 9.67 billion in 2023.
The market is projected to grow at a CAGR of 4.03% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 14.02 billion in 2032.
The IT hardware market is categorised according to the type, which includes PCs & workstations, networking hardware, server market and storage devices.
The key players are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Apple Inc., Lenovo Group Ltd, HP Inc., Intel Corporation, Cisco Systems, Inc, Dell Australia Pty Limited and Sony Australia Limited among others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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