New market study, "Australia Information Technology Report Q3 2016", has been published
Recently published research from Business Monitor International, "Australia Information Technology Report Q3 2016", is now available at Fast Market Research
[USPRwire, Wed Jun 22 2016] We expect another year of relatively slow IT spending growth in Australia in 2016, but as the economic situation improves we envisage a CAGR of 4.4% over 2016-2020 to AUD46.6bn. The maturity of the PC market, and so a reliance on replacement spending, means growth opportunities are limited and we expect the software and services segments will outperform. Smart mining, cloud computing, the Internet of Things and cognitive computing solutions all have great potential in Australia due to high labour costs in a low-cost region , meaning labour substitution technologies will likely prove attractive to enterprises.
Latest Updates & Industry Developments
Computer Hardware Sales: AUD7.8bn in 2016 to AUD8.4bn in 2020. After an ageing of the PC stock over recent years, there is potential for an uptick in spending as economic conditions strengthen, but cannibalisation of demand by mobile represents downside.
Software Sales: AUD9.4bn in 2016 to AUD11.0bn in 2020. Data analytics software seeing strong demand, while application demand from small-and-medium-sized enterprises should be driven higher by availability of software-as-a-service solutions.
IT Services Sales: AUD22.0bn in 2016 to AUD27.2bn in 2020. Increased investment in 'smart mining' solutions, with extractive industries a major component of Australia's economy, are a positive trend for the IT services segment that we expect to contribute to medium term outperformance.
Full Report Details at
The Australia Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Australia Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Australia.
Benchmark BMI's independent IT Industry forecasts for Australia to test other views - a key input for successful budgetary and strategic business planning in the Australian IT market.
Target business opportunities and risks in Australia's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Australia.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
BMI Industry View
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