Report Overview

The Australia cloud computing market is estimated to be valued at AUD 16.16 Billion in 2023. It is expected to grow at a CAGR of 11.84% between 2024 and 2032 to reach almost AUD 44.24 Billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the ABS, the number of businesses in Australia increased by 19,973 in 2022-23.
  • As per the Australian Banking Association's findings, Australia accommodates 95 banking institutions, fostering the cloud computing services market growth.
  • As per the ABS, the percentage change in financial and insurance services businesses change was estimated at around 2.7% in 2022-23.

Australia Cloud Computing Market Growth

Compound Annual Growth Rate

Value in AUD Billion

11.84%

2024-2032


Australia Cloud Computing Market Outlook

*this image is indicative*

Software as a Service (SaaS) has been driving the Australia cloud computing market growth.

It provides accessibility and convenience to users to access its tools from multiple locations or devices. It enables businesses with faster adoption and implementation to focus on core operations without the burden of software maintenance. Further, it allows scalability and flexibility to easily scale up or down their usage based on business and is a cost-effective solution for businesses, thus, driving the Australia cloud computing market growth.

Infrastructure as a Service (IaaS) allows businesses to scale their infrastructure resources up to accommodate fluctuating workloads, seasonal peaks, and growth opportunities. It ensures businesses optimize performance, and allocate resources efficiently to meet changing business requirements. It also offers backup and snapshot features to protect data integrity and facilitate the recovery process. It implements robust security measures and data encryption to protect business resources and sensitive information, thus boosting the Australia cloud computing market.

TD SYNNEX company, Tech Data has launched its enhanced cloud services portfolio, featuring over 100 types of services across professional and support services. It also includes professional services and business applications to speed transformation.

Australia Cloud Computing Market Segmentation

Australia Cloud Computing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

Market Breakup by Deployment

  • Public
  • Private
  • Hybrid

Market Breakup by Enterprise Size

  • Large Enterprises
  • Small and Medium Enterprises

Market Breakup by End Use

  • BFSI 
  • IT and Telecom 
  • Retail and Consumer Goods 
  • Manufacturing 
  • Energy and Utilities 
  • Healthcare 
  • Media and Entertainment 
  • Government and Public Sector 
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Cloud Computing Market Share

Large enterprises often adopt cloud computing to streamline operations, enhance scalability, and reduce infrastructure costs. They leverage cloud services for large-scale data storage, analytics, and running complex applications. 

SMEs utilise cloud computing for its affordability, flexibility, and ease of access to advanced technology. It allows them to compete with larger counterparts by enabling efficient collaboration, enhancing productivity, and accessing resources without significant upfront investments in IT infrastructure.

Leading Companies in the Australia Cloud Computing Market 

The growth of the cloud computing market is fuelled by the increasing number of entries in Australian businesses and growing need for data security to meet changing environment business needs.

  • Amazon Web Services, Inc.
  • Microsoft Corp.
  • Salesforce, Inc.
  • Broadcom Inc.
  • Google LLC
  • Adobe, Inc.
  • Alibaba Group Holding Limited
  • Oracle Corp.
  • IBM Corp.
  • SAP SE
  • 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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Key Questions Answered in the Report

The Australia cloud computing market was valued at AUD 16.16 Billion in 2023.

The market is projected to grow at a CAGR of 11.84% between 2024 and 2032.

The revenue generated from the market is expected to reach AUD 44.24 Billion in 2032.

Based on the service, the cloud computing market is bifurcated into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Key players in the industry are Amazon Web Services, Inc., Microsoft Corp., Salesforce, Inc., Broadcom Inc., Google LLC, Adobe, Inc., Alibaba Group Holding Limited, Oracle Corp., IBM Corp., and SAP SE among others.

Based on deployment, the cloud computing market is divided into public, private, and hybrid.

The different enterprise size in the cloud computing market include large enterprises and small and medium enterprises.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Service
  • Deployment
  • Enterprise Size
  • End Use
  • Region
Breakup by Service
  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)
Breakup by Deployment
  • Public
  • Private
  • Hybrid
Breakup by Enterprise Size
  • Large Enterprises
  • Small and Medium Enterprises
Breakup by End Use
  • BFSI
  • IT and Telecom
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Healthcare
  • Media and Entertainment
  • Government and Public Sector
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Amazon Web Services, Inc.
  • Microsoft Corp.
  • Salesforce, Inc.
  • Broadcom Inc.
  • Google LLC
  • Adobe, Inc.
  • Alibaba Group Holding Limited
  • Oracle Corp.
  • IBM Corp.
  • SAP SE
  • Others

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