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The Australian Internet of Things (IoT) market to cross $25 billion by 2024 on account of the rising demand for smart devices, growing government initiatives and rise in the demand for analytics. Moreover, increasing penetration of IoT in various applications like consumer electronics, building & home automation, connected logistics etc., is further pushing its demand in the country. Additionally, the surge in cloud platform adoption, the advent of advanced data analytics and development of wireless networking technologies are likely to propel the Australian Internet of Things (IoT) market during the forecast period.
The Australian Internet of Things (IoT) market can be broadly segmented into platform, component, application and region. In terms of platform, the market can be categorized into device management, application management and network management. Of all, device management is expected to grow at the highest CAGR during the forecast period on account of increasing emphasis on improving the operational efficiency and managing connected devices. Based on components, the market can be segmented into hardware, software and services. Internet of Things (IoT) market of Australia caters to various applications such as connected logistics, smart retail, smart mobility & transportation, building & home automation and others. Smart mobility & transportation is anticipated to witness the fastest growth in the Australian Internet of Things (IoT) market due to the high demand for making the transportation efficient & cost-effective, by using communications and digital technologies.
The market of internet of things (IoT) in Australia is gaining traction and is expanding to various regions such as Australia Capital Territory & New South Wales, Victoria & Tasmania, Western Australia, Queensland, & Northern Territory & Southern Australia. Western Australia is expected to witness growth during the forecast period owing to rising penetration of the technology.
Major companies operating in the Australian IoT market recorded high sale volumes in the 2018 financial year and the trend is likely to continue during the forecast period as well. List of major players operating in the Australian Internet of Things (IoT) market includes Intel Australia Pty Ltd., GE Australia Pty Ltd., IBM Australia Limited, Amazon Web Services Australia Pty Ltd., Microsoft Pty Limited, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, Telstra entered into a smart city partnership with the Tasmanian state government.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
The objective of the Study:
- To analyze and forecast the market size of the Australian Internet of Things (IoT) market.
- To classify and forecast the Australian Internet of Things (IoT) market based on platform, application, component and regional distribution.
- To identify drivers and challenges for the Australian Internet of Things (IoT) market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Australian Internet of Things (IoT) market.
- To identify and analyze the profile of leading players involved in the Australian Internet of Things (IoT) market.
Some of the leading players in the Australian Internet of Things (IoT) market are: Intel Australia Pty Ltd., GE Australia Pty Ltd., IBM Australia Limited, Amazon Web Services Australia Pty Ltd., Microsoft Pty Limited, Oracle Corporation Australia Pty Limited, Google Australia Pty Limited, Robert Bosch Australia Pty Ltd, Cisco Systems Australia Pty Ltd, SAP Australia Pty Ltd, etc.
The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of service providers across the country. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, could include the service providers which could not be identified due to the limitations of secondary research. They analyzed the product offerings, distribution channels and the presence of all major service providers across the country.
The author calculated the market size of the Australian Internet of Things (IoT) market by using a bottom-up approach, wherein data for various end-user segments were recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- IoT software, services & hardware providers
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to IoT market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end-users, etc., besides allowing them to strategize investments and capitalize on market opportunities.
Report Scope:
In this report, the Australian Internet of Things (IoT) market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, By Platform:
- Network Management
- Application Management
- Device Management
Market, By Component:
- Hardware
- Services
- Software
Market, By Application:
- Consumer Electronics
- Building & Home Automation
- Connected Logistics
- Smart Mobility & Transportation
- Smart Retail
- Others
Market, By Region:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Western Australia
- Northern Territory & Southern Australia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Australian Internet of Things (IoT) market.
Available Customizations:
With the given market data, the author offers customizations according to specific needs. Please contact our customer service for more enquires.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Table of Contents
1. Product Overview2. Research Methodology3. Analyst View
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amazon Web Services Australia Pty Ltd.
- Cisco Systems Australia Pty Ltd.
- GE Australia Pty Ltd.
- Google Australia Pty Limited
- IBM Australia Limited
- Intel Australia Pty Ltd.
- Microsoft Pty Limited
- Oracle Corporation Australia Pty Limited
- Robert Bosch Australia Pty Ltd.
- SAP Australia Pty Ltd.
