London, 18 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the enterprise ICT spending market in Australia 2015-2019, which is expected to grow at a CAGR of 3.94% during the forecast period of 2014-2019.
High adoption of information and communications technology (ICT) in the government, education, healthcare, utilities, and retail sectors are predominant factors propelling market growth in Australia. Advantages of implementing ICT in these sectors include better engagement of citizens through convenient models of delivering public services, enhancing efficiency and productivity of business activities cost-effectively, and implementing employee-friendly policies such as work from home, thus, facilitating market growth.
“Many companies in Australia are increasingly adopting big data and implementing several projects as per requirement. Some companies are expanding their business activities. Therefore, they require big data analytics for long-term planning and business strategies,” says Faisal Ghaus, Vice President of Technavio.
“Many open-source software tools such as Hadoop, NoSQL, and MongoDB are created for the management and processing of large data sets. These are also beneficial for SMEs as they are cost-effective solutions.”
Key Market Drivers:
- Need for Fast Mobility Services.
- Increased Popularity of IoT and BYOD.
- Lack of In-house Experts to Formulate Appropriate Mobile Strategy.
- Increased IT Initiatives by Government.
Key Market Trends:
- Popularity of Cloud Computing.
- Adoption of Big Data.
- Scope of BI and Need for Collaborative Features.
Key Market Vendors:
- Accenture plc
- Avaya Inc.
- Cisco Systems Inc.
- Fujitsu Ltd.
- Google Inc.
- HP Corp.
- IBM Corp.
- Telstra Corp. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
