Australia Software As A Service (saas) Market Size & Outlook
Australia software as a service (saas) market, 2018-2030 (US$M)
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Australia software as a service (saas) market highlights
- The Australia software as a service (saas) market generated a revenue of USD 9.0 million in 2023 and is expected to reach USD 19.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Software as a service (saas) market data book summary
| Market revenue in 2023 | USD 9.0 million |
| Market revenue in 2030 | USD 19.9 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Intel Corp, Broadcom Inc, Trend Micro Inc, Cisco Systems Inc, Zscaler Inc, Lookout, Radware Ltd, Adobe Inc, Microsoft Corp, Alibaba Group Holding Ltd ADR, International Business Machines Corp, Salesforce Inc, Oracle Corp, SAP SE, Rackspace Technology Inc Ordinary Shares, VMware, Atlassian Corp A, ServiceNow Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 2.7% of the global software as a service (saas) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China software as a service (saas) market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 37.3 million by 2030.
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Software As A Service (SaaS) Market Scope
Software As A Service (SaaS) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia software as a service (saas) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to software as a service (saas) market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 84.44% in 2023. Horizon Databook has segmented the Australia software as a service (saas) market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is still at the beginning of its cloud journey regarding the share of businesses using cloud services and the sophistication of their use. As these grow, cloud-based innovation will significantly impact businesses across the Australian economy.
Software-as-a-service (SaaS) accounts for nearly fifty percent of the total cloud market in the country. Hyperscale providers such as Amazon Web Services (AWS) have increased their foothold in the region with its new local zones in Brisbane, Auckland, and Perth, and Microsoft’s data center development in New Zealand, adding to the three that are presently functioning in Australia.
For instance, in June 2022, Directive, a global SaaS serving performance marketing agency, announced plans to expand its global footprint to include Australia. This expansion enables the company to provide localized assistance for its existing clients in numerous international markets.
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Target buyers of Australia software as a service (saas) market databook
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Our clientele includes a mix of software as a service (saas) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia software as a service (saas) market , including forecasts for subscribers. This country databook contains high-level insights into Australia software as a service (saas) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia software as a service (saas) market size, by component, 2018-2030 (US$M)
Australia Software As A Service (SaaS) Market Outlook Share, 2023 & 2030 (US$M)
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