Software Suppliers in Australia - Industry Market Research Report

Click-sy business: Ongoing investment in privacy and data security will stimulate revenue and profit

Growing mobile and cloud computing usage among businesses has led to significant expansion within the Software Suppliers industry. Cloud computing has enabled software suppliers to move from providing software through outright sales and physical distribution to using Software as a Service (SaaS) business models. SaaS subscription models enable suppliers to charge clients an annual or monthly subscription fee to access software, which has reduced concerns regarding software piracy and has given suppliers stable revenue streams. Revenue is expected to have climbed by an annualised 5.6% to $16.6 billion over the five years to 2022-23, which subscription models have facilitated. However, revenue has dropped by an estimated 6.4% in 2022-23, since lower business confidence has made corporations more reluctant to spend a lot on software. Software suppliers primarily wholesale computer software and provide services related to computer software. The industry includes distributing physical software, digital downloads and providing related after-sales service, but excludes consulting services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.