Australia Internet of Things (IoT)
market stood at $ 7.9 billion in 2018 and is projected to grow at a CAGR of 21%
to cross $ 25 billion by 2024 on account of rising demand for smart devices,
growing government initiatives and rise in 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, surge in cloud platform adoption, advent of
advanced data analytics and development of wireless networking technologies is
likely to propel Australia Internet of Things (IoT) market during forecast
period.
Australia 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 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 fastest
growth in Australia 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 forecast
period owing to rising penetration of the technology.
Major companies operating in Australia
IoT market recorded high sale volumes in the 2018 financial year and the trend
is likely to continue during forecast period as well. List of major players
operating in Australia Internet of Things (IoT) market include 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 Tasmanian state government.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of Australia Internet of
Things (IoT) market.
- To classify and forecast Australia Internet of Things (IoT) market based
on platform, application, component and regional distribution.
- To identify drivers and challenges for Australia Internet of Things
(IoT) market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Australia Internet of
Things (IoT) market.
- To identify and analyze the profile of leading players involved in Australia
Internet of Things (IoT) market.
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Some of
the leading players in Australia 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.
TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of service providers across the
globe. Subsequently, TechSci Research conducted primary research surveys with
the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research could
include the service providers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product
offerings, distribution channels and presence of all major service providers across
the globe.
TechSci Research calculated the market size of Australia
Internet of Things (IoT) market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
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
by TechSci Research.
Key Target
Audience:
- IoT software, services &
hardware providers
- Government bodies such as
regulating authorities and policy makers
- 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, Australia Internet
of Things (IoT) market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Platform:
- Device Management
- Application Management
- Network Management
- Market, By Component:
- Hardware
- Software
- Services
- 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
- Western Australia
- Queensland
- Northern Territory & Southern Australia
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in Australia Internet of Things (IoT)
market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according the company’s specific needs.
The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional
market players (up to five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com