<img src="https://ml.globenewswire.com/Resource/Download/908fb457-7f8e-4a08-9081-5565e3dfb3d7?size=2" nborder="0" align="left" hspace="5" vspace="5" title="22157.jpg" alt="Company Logo"/>Australia’s ICT opportunities center on government digitization, multi-cloud, cybersecurity, managed services, 5G and AI, while talent gaps and legacy systems drive automation and consulting.Dublin, Sept. 11, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- <a href="https://www.researchandmarkets.com/reports/5764870/australia-ict-market-share-analysis-industry?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=h7z64v&amp;utm_campaign=2347864+-+Australia+ICT+Market+(2026-2031)+-+Growth+Driven+by+Digital+Transformation+and+Cloud+Adoption&amp;utm_exec=clshmsai" rel="nofollow" target="_blank" title="Australia ICT - Market Share Analysis, Industry Trends &amp; Statistics, Growth Forecasts (2026-2031)">"Australia ICT - Market Share Analysis, Industry Trends &amp; Statistics, Growth Forecasts (2026-2031)"</a> has been added to ResearchAndMarkets.com's offering. Australia ICT Market to Reach USD 115.97 Billion by 2031 as Cloud and Digital Transformation Investments Accelerate The Australia ICT market was valued at USD 67.71 billion in 2025 and is projected to increase from USD 74.92 billion in 2026 to USD 115.97 billion by 2031. The market is expected to register a compound annual growth rate of 9.13% during the 2026-2031 forecast period, supported by government digital transformation programs, enterprise cloud migration, cybersecurity investment and expanding demand for managed IT services. Government modernization initiatives remain a significant driver of Australia ICT market growth. Whole-of-government targets require 80% of unclassified workloads to operate in Information Security Registered Assessors Program-assessed cloud environments by June 2027. The 2025-26 federal budget allocated AUD 1.2 billion, equivalent to approximately USD 809 million, to software-as-a-service licenses and application programming interface gateways. Federal and state agencies are also consolidating 147 procurement contracts into a unified framework that favors ISO 27001-certified technology providers. This shift is strengthening multi-year transformation pipelines and increasing demand for cloud implementation, identity management, user experience design and change-management services. Services Australia's myGov re-platforming initiative, which supports identity federation across 32 portals, illustrates the scale of public-sector modernization underway. Similar programs are being adopted for state land-title and court systems. Enterprise Cloud Adoption Reshapes ICT Spending Rapid cloud computing adoption is another key factor influencing the Australian technology sector. Revised regulatory requirements are encouraging financial services institutions to move core applications into resilient, multi-zone cloud architectures while strengthening penetration testing and data-retention capabilities. Cloud infrastructure providers continue to expand their Australian capacity. Amazon Web Services added 50 megawatts to its fourth Sydney availability zone in 2025, while Google Cloud committed AUD 2 billion, or approximately USD 1.35 billion, to Melbourne data centers powered by wind energy. Adoption is also increasing among mid-sized organizations. In 2025, 62% of manufacturers with 50 to 500 employees had implemented at least one cloud enterprise resource planning module, compared with 41% in 2023. Managing identities and access controls across Amazon Web Services, Microsoft Azure and Google Cloud can now account for up to 40% of cloud operations budgets. Consequently, policy automation, multi-cloud governance and managed security services are emerging as major areas of ICT investment. Technology Skills Shortage Creates Market Constraints Australia's shortage of advanced IT professionals continues to affect project costs and delivery schedules. ICT unemployment stood at 1.8% in December 2025, compared with the national unemployment rate of 3.9%. Cybersecurity analysts earned a median annual salary of AUD 135,000, equivalent to approximately USD 91,000, while open positions remained vacant for an average of 14 weeks. Visa processing delays are limiting offshore recruitment, and expanded university cybersecurity programs are not expected to close the skills gap before 2028. The shortage is placing pressure on systems integrators and increasing demand for automation, outsourcing, managed services and specialized consulting. Additional factors shaping the Australia ICT market include: <ul><li>Expansion of 5G networks supporting next-generation applications</li><li>Rising cybersecurity threats and regulatory compliance spending</li><li>Legacy infrastructure complexity within large enterprises</li></ul> IT Services Lead the Australia ICT Market IT services represented 32.13% of Australian ICT spending in 2025 as organizations relied on systems integrators to manage multi-cloud deployments, cybersecurity requirements and regulatory alignment. The segment is forecast to record the market's fastest compound annual growth rate of 10.74% through 2031, driven by cloud services, platform services and consumption-based technology models. Managed security services and business process outsourcing are increasingly converging as providers integrate threat intelligence into human resources, finance and operational workflows. This trend is strengthening long-term customer relationships, particularly among mid-market enterprises seeking external expertise and predictable operating costs. Hyperconverged infrastructure now accounts for a substantial share of new storage procurement. Dell reported that VxRail and PowerFlex generated 38% of its Australian storage revenue in fiscal 2025. Meanwhile, cybersecurity spending continues to outpace broader market growth as Essential Eight compliance requirements drive upgrades to endpoint detection and response and security information and event management platforms. Communications services revenue is also shifting from traditional voice products toward software-defined wide-area networking, unified communications and sovereign cloud connectivity. Although hardware budgets are flattening as device-as-a-service models convert capital expenditure into operating expenditure, targeted upgrades remain attractive when they deliver meaningful gains in performance and energy efficiency. Generative artificial intelligence pilots are further supporting consulting demand, even as AI-assisted tools increasingly automate routine systems integration. Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET LANDSCAPE 4.1 Market Overview 4.2 Market Drivers 4.2.1 Accelerated Government Digital Transformation Programs 4.2.2 Rapid Cloud Computing Adoption Across Enterprises 4.2.3 Expansion of 5G Networks Enabling Next-Gen Applications 4.2.4 Rising Cybersecurity Threats Boosting Security Spend 4.2.5 Australia's Emerging Space Industry Driving HPC Demand 4.2.6 Data Sovereignty Mandates Fueling Local Data Center Investment 4.3 Market Restraints 4.3.1 Acute Shortage of Advanced IT Talent 4.3.2 Legacy Infrastructure Complexity in Large Enterprises 4.3.3 High Broadband Costs in Remote Regions 4.3.4 Stringent E-waste Regulations Increasing Compliance Cost 4.4 Industry Value Chain Analysis 4.5 Regulatory Landscape 4.6 Technological Outlook 4.7 Porter's Five Forces Analysis 4.7.1 Threat of New Entrants 4.7.2 Bargaining Power of Suppliers 4.7.3 Bargaining Power of Buyers 4.7.4 Threat of Substitutes 4.7.5 Intensity of Competitive Rivalry 4.8 Investment Analysis 4.9 Impact of Macroeconomic Factors 4.10 Industry Stakeholder Analysis 5 MARKET SIZE AND GROWTH FORECASTS (VALUE) 5.1 By Product Type 5.1.1 IT Hardware 5.1.1.1 Computer Hardware 5.1.1.2 Networking Equipment 5.1.1.3 Peripherals 5.1.2 IT Software 5.1.3 IT Services 5.1.3.1 IT Consulting and Implementation 5.1.3.2 IT Outsourcing (ITO) 5.1.3.3 Business Process Outsourcing (BPO) 5.1.3.4 Managed Security Services 5.1.3.5 Cloud and Platform Services 5.1.4 IT Infrastructure 5.1.5 IT Security/Cybersecurity 5.1.6 Communication Services 5.2 By Enterprise Size 5.2.1 Small and Medium-sized Enterprises 5.2.2 Large Enterprises 5.3 By Industry Vertical 5.3.1 Government and Public Administration 5.3.2 BFSI 5.3.3 IT and Telecom 5.3.4 Energy and Utilities 5.3.5 Retail, E-commerce, and Logistics 5.3.6 Manufacturing and Industry 4.0 5.3.7 Healthcare and Life Sciences 5.3.8 Oil and Gas 5.3.9 Other Industry Verticals 6 COMPETITIVE LANDSCAPE 6.1 Market Concentration 6.2 Strategic Moves 6.3 Market Share Analysis 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments) 6.4.1 Telstra Corporation Limited 6.4.2 Microsoft Corporation 6.4.3 IBM Corporation 6.4.4 Amazon Web Services Inc. 6.4.5 Alphabet Inc. 6.4.6 SAP SE 6.4.7 Oracle Corporation 6.4.8 Fujitsu Limited 6.4.9 NEC Corporation 6.4.10 DXC Technology Company 6.4.11 Optus Mobile Pty Limited 6.4.12 TPG Telecom Limited 6.4.13 Cisco Systems Inc. 6.4.14 Dell Technologies Inc. 6.4.15 Hewlett Packard Enterprise Company 6.4.16 Accenture PLC 6.4.17 Infosys Limited 6.4.18 Wipro Limited 6.4.19 Tata Consultancy Services Limited 6.4.20 NTT Ltd. 7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK 7.1 White-space and Unmet-Need Assessment For more information about this report visit <a href="https://www.researchandmarkets.com/reports/5764870/australia-ict-market-share-analysis-industry?utm_source=GNE&amp;utm_medium=PressRelease&amp;utm_code=h7z64v&amp;utm_campaign=2347864+-+Australia+ICT+Market+(2026-2031)+-+Growth+Driven+by+Digital+Transformation+and+Cloud+Adoption&amp;utm_exec=clshmsai" rel="nofollow" target="_blank" title="">https://www.researchandmarkets.com/r/ue4256</a> About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. 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Australia ICT Market (2026-2031) - Growth Driven by Digital Transformation and Cloud Adoption

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