Other IT Services - Australia

Australia

The revenue of the Other IT Services market in Australia is estimated to reach AU US$10.27bn by the year 2024.
This projection indicates that the market is expected to experience a compound annual growth rate (CAGR) of 3.59% between 2024 and 2029, resulting in a market volume of AU US$12.25bn by the end of 2029.
Furthermore, the average spend per employee in the Other IT Services market in Australia is projected to reach AU US$0.70k in 2024.
In terms of global comparison, it is anticipated that United States will generate the highest revenue in the Other IT Services market, reaching an impressive US$151.10bn in 2024.
The Australian market for Other IT Services is experiencing a surge in demand due to the country's growing digital economy.

Key regions: China, United Kingdom, Germany, Netherlands, India

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Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.