Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Artificial Intelligence (AI) Market Outlook
*this image is indicative*
Based on type, the Artificial Intelligence (AI) market share is led by customizable AI as it helps in providing unique solutions to problems and challenges to improve efficiency.
The Australia artificial intelligence (AI) market growth is being driven by its ability to help businesses make more informed decisions and streamline their processes. Fine-tuning AI algorithms enhances output quality by minimising errors and allows for adaptability to various conditions, including different datasets. They also help in reducing the costs due to unnecessary expenses and improve decision-making ability. The Edge AI helps reduce operating costs by increasing bandwidth efficiency.
The Australia artificial intelligence (AI) market growth is being driven by various trends including the introduction of machine learning which enables users to process certain images and objects through algorithms. Moreover, Natural language processing helps businesses to reduce their costs, streamline the data and decode the human language in easier ways.
Deep learning technology has helped users handle complex datasets with ease and increase performance due to the increase in the ability to recognise speech and images. Recently, in February 2024, Australia’s AI sprint was launched as a competitive program for startups and entrepreneurs to aid the development of artificial intelligence solutions.
Australia Artificial Intelligence (AI) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Component
Market Breakup by Deployment Mode
Market Breakup by Technology
Market Breakup by Enterprise Size
Market Breakup by End Use:
Market Breakup by Region:
The Australia AI market key players are Accenture PLC, Solentive Systems Pty Ltd., Telexar Technologies Pty Ltd., Atlasopen, Daisee Pty Ltd., Remi Investing Pty Ltd., LexX Technologies Pty Ltd., Red Marble AI Pty Ltd., Canopy Creative Corp Pty Ltd, and Kyndryl Australia Pty Ltd. Among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at AUD 7.94 billion in 2023.
The market is projected to grow at a CAGR of 16.61% between 2024 and 2032.
The revenue generated from the market is expected to reach AUD 31.66 billion in 2032.
The AI market is growing with an increase in the development of machine learning, natural language processing and deep learning technology.
Based on the type, the AI market is bifurcated into customizable AI, AI marketplaces, pre-trained models, and edge AI.
Key players in the Australia AI industry are Accenture PLC, Solentive Systems Pty Ltd., Telexar Technologies Pty Ltd., Atlasopen, Daisee Pty Ltd., Remi Investing Pty Ltd., LexX Technologies Pty Ltd., Red Marble AI Pty Ltd., Canopy Creative Corp Pty Ltd, and Kyndryl Australia Pty Ltd. among others.
Based on the components, the AI market is divided into software, service and hardware.
The AI market is divided into on-premises and cloud based on the deployment mode.
The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Component |
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| Breakup by Deployment Mode |
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| Breakup by Technology |
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| Breakup by Enterprise Size |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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