Australia’s cloud computing market is set to grow by 12.5% in order to reach $14.1bn by 2025 with large-scale digital transformation initiatives.
Indeed, businesses in Australia have been through rapid transformations during the pandemic with the implementation of remote work, automation, and the enhancement of digital channels for customer interactions. Cloud-based platforms have also continued to grow and drive the innovation of the country.
Hence, public cloud services such as software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS) are expected to account for more than 50% of the total market by 2025. Australian government digitization initiatives are also set to be the key growth driver for spending on cloud services and platforms by SMEs in Australia.
