Australia Enterprise ICT Country Report 2024 - Overall Enterprise ICT Revenue Opportunity And ICT Budget Allocations For Australia

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Dec. 05, 2024 (GLOBE NEWSWIRE) -- The "Australia - Enterprise ICT Country Intelligence Report" has been added to ResearchAndMarkets.com's offering.

The Australia Enterprise ICT Country Intelligence Report provides an executive-level overview of how the overall ICT budgets and their allocations towards various segments have changed for enterprises in Australia in 2024 compared to 2023 and ICT revenue opportunity with detailed forecasts of key indicators up to 2028.

The report provides detailed analysis of the overall Australia's enterprise ICT market trends and growth drivers based on the analyst's ICT Customer Insight Survey and the Market Opportunity Forecasts. The report also discusses about the market growth inhibitors impacting Australia's overall ICT market. It sheds focus on enterprise ICT budget allocations and ICT revenue opportunity covering 18 solution areas, segmental analysis, vertical analysis, as well as review of key macroeconomic and regulatory trends, and government initiatives. The report also includes a brief profile on some of the key ICT vendors within the country.

The country intelligence provides information and insights into ICT budget allocations and ICT revenue opportunity by enterprises in Australia

• Overall enterprise ICT revenue opportunity and ICT budget allocations for Australia
• Macroeconomic and regulatory context and government initiatives
• Insights on Australia's enterprise ICT growth drivers and market trends, basis the analyst's ICT Customer Insight Survey and Market Opportunity Forecasts to 2028
• Insights on market growth inhibitors impacting Australia's overall ICT market
• Breakdown of enterprise ICT revenue opportunity by solution areas, end-use verticals and enterprise size band
• Segmental analysis of Australia's enterprise ICT budget allocations and ICT revenue opportunity - hardware, software and services
• Insights on ICT technology spending priorities of enterprises on key solution areas in Australia
• Company snapshot

Key Highlights

• ICT market growth in Australia will be primarily driven by the government's push for digital transformation and technological adoption.
• Australia's overall ICT market was pegged at more than $86 billion in 2023 and is expected to grow at a CAGR of more than 11% during 2023-2028 to reach more than $151 billion in 2028.
• The analyst's ICT decision makers survey reveals a positive outlook for enterprise ICT spending in Australia, with a majority of respondents, about 91% from the country, claiming that there has been an increase in the enterprise ICT budget in 2024 compared to 2023.
• Cloud computing can be regarded as the most attractive market in Australia is driven by scalability, security, and innovation capabilities it offers. The revenue opportunity for cloud in Australia was pegged at more than $14 billion in 2023 and is estimated to grow at a CAGR of about 19% between 2023-2028.
• BFSI is the largest independent end-use vertical segment for the ICT market in Australia in terms of revenue contribution, and it will remain so over the forecast period. ICT revenue from the BFSI sector reached more than $9 billion in 2023 and is set to grow upto $16 billion in 2028 at a CAGR of more than 11%.

Scope

• The country intelligence report provides an in-depth analysis of the following enterprise ICT market outlook, enterprise ICT budget allocations, enterprise ICT segment revenue and budget allocations, enterprise ICT market dynamics, enterprise technology priorities and ICT vendor landscape.

Reasons to Buy

• This Country Intelligence Report is based on the IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals in Australia and the analyst's Market Opportunity Forecasts to 2028, to offer a thorough, forward-looking analysis of Australia's enterprise ICT investment priorities and ICT revenue opportunity market.
• Accompanying the IT Customer Insight Survey and Market Opportunity Forecasts to 2028, the report examines the assumptions and drivers behind ongoing and upcoming trends in Australia's enterprise ICT market.
• The report offers a thorough analysis of enterprise ICT investment trends and how it has changed this year compared to previous year.
• The report also presents an analysis of enterprise ICT budget allocations by various spending areas, business functions and product/service categories and how they have changed this year compared to previous years.
• The report also presents an analysis of enterprise ICT revenue opportunity by various solution areas, enterprise size band, end-use verticals, and segment over the forecast period 2023-2028.
• With more than 50 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides insights in a concise format to help executives build proactive and profitable growth strategies.
• The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in enterprise ICT investment priorities.

Company Coverage:

• Microsoft
• TPG Telecom
• Accenture
• IBM
• Oracle

Key Topics Covered:

• Australia Enterprise ICT Market Highlights
• Macroeconomic and Regulatory Context
• ICT Market Overview
• Market Dynamics
• ICT Market by Infrastructure Segments
• Enterprises' Investment Priorities in Key Solution Areas
• Enterprise Investment Priorities Across Key Verticals
• Company Snapshots

For more information about this report visit

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