Report Published: "IT Spending in Australia 2015-2019"
Recently published research from TechNavio, "IT Spending in Australia 2015-2019", is now available at Fast Market Research
[USPRwire, Wed Jan 27 2016] Australia has a very supportive legal and regulatory framework and strong IT infrastructure. IBM, Cisco, Alcatel-Lucent, CSC, and Avaya, which are all major IT vendors, have located their R&D and technical assistance facilities in Australia. Technavios market research analyst expects the IT spending in Australia to grow at a CAGR of more than 6% during the forecast period. The major adopters of IT in this region are industries such as BFSI, manufacturing, mining, telecommunications, healthcare, life sciences, pharmaceuticals, education, and retail.
Full Report Details at
The Australian government is making a massive investment in technology to improve ICT infrastructure and thereby increase trade in the country. This initiative taken by the government is a major driver for the growth of IT spending in Australia. The approach of the Australian Government to improve government operations includes several policies on the efficient and innovative use of technology in ICT infrastructure development.
Segmentation by technology and analysis of the IT spending in Australia
* IT services
IT services is the largest segment of the market in Australia, constituting a market share of about 59% as of 2014. This segment is also one of the fastest-growing segment of the global IT market. IT services spending is usually less affected by economic uncertainties, such as inflation and recession. Hence Australian firms make large investments in this segment, depending on their IT budget allocation.
Competitive landscape and key vendors
The IT spending market in Australia is thriving successfully. Hence, it offers immense growth opportunities for many suppliers, supporting IT products such as hardware, software, and services. The key vendors, with their broad portfolios of services, solutions, and products, have a significant hold over the market and a strong base in the country.
The top vendors in the market are -
Other prominent vendors in the market include Aconex, Advanced Solutions International, Altis Consulting, Apple, Atlassian, Cisco, CSC, Datacom, Distribution Central, Intuit, Kiandra System Solutions, Objective, OBS, Panasonic, Rackspace, Revolution IT, Salesforce, SAP, SAS, TLC IT Group, Tramada Systems, and Toshiba.
Growth drivers, challenges, and upcoming trends: IT spending
Technavios market research analysts highlight upcoming trends such as the increasing adoption of IoT technology, which is one of the most sought after innovations in the IT industry, and this innovation is going to revolutionize the IT industry very shortly.
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