IT Consulting & Implementation - Australia

Australia

The IT Consulting & Implementation market in Australia is expected to experience significant growth in the coming years.
According to projections, the market's revenue is estimated to reach AU €1.72bn by 2024.
Furthermore, it is anticipated that the market will continue to expand at a compound annual growth rate (CAGR 2024-2029) of 4.56%, resulting in a market volume of AU €2.15bn by 2029.
When considering the average Spend per Employee in the IT Consulting & Implementation market sector, it is projected to reach AU €117.50 in 2024.
This figure demonstrates the financial investment made by companies in Australia towards their employees' IT consulting and implementation needs.
However, in terms of global comparison, United States is expected to generate the highest revenue in the IT Consulting & Implementation market, with an estimated value of €24,980.00m in 2024.
This highlights the dominance of the US market in this sector on a global scale.
Australia is experiencing a surge in demand for IT consulting and implementation services as businesses adapt to the digital transformation era.

Key regions: Brazil, Italy, India, Germany, Netherlands

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The IT Consulting & Implementation market in Australia has experienced significant growth in recent years.

Customer preferences: Australian businesses are increasingly embracing digital transformation, which has led to a surge in demand for IT consulting and implementation services. Companies are looking to streamline their operations, improve customer experience, and gain a competitive edge through the use of technology. As a result, there is a growing need for IT consulting firms that can provide tailored solutions to meet the unique needs of each business.

Trends in the market: One of the key trends in the IT Consulting & Implementation market in Australia is the shift towards cloud computing. Many businesses are moving away from traditional on-premise IT infrastructure and adopting cloud-based solutions. This has created opportunities for IT consulting firms to help businesses migrate to the cloud and manage their cloud-based systems.Another trend is the increasing use of artificial intelligence (AI) and machine learning (ML) in business operations. Australian businesses are exploring the potential of these technologies to improve efficiency, reduce costs, and enhance customer experience. IT consulting firms that can provide expertise in AI and ML are in high demand.

Local special circumstances: Australia has a relatively small population compared to other developed countries, which means that the market for IT consulting and implementation services is somewhat limited. However, the country has a highly educated workforce and a strong focus on innovation, which has helped to drive demand for IT services.

Underlying macroeconomic factors: Australia has a strong and stable economy, which has been growing steadily in recent years. This has created a favorable business environment for IT consulting firms, as businesses are more willing to invest in technology and digital transformation when the economy is performing well. Additionally, the Australian government has been supportive of the tech industry, providing funding and incentives for businesses to innovate and grow.

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.