Cloud Hosting and Data Processing Services in Australia - Market Research Report (2014-2029)

Going digital: A rise in retailers seeking an ecommerce presence has supported revenue growth

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Cloud hosting and data processing service providers have performed strongly in recent years. Outsourcing has become a key aspect of many modern businesses, which has provided strong support for both hosting and data processing providers. The COVID-19 pandemic has had a mixed effect on incomes for hosting and data processing firms. On the one hand, working from home (WFH) measures boosted the need for hosting and other services in order to facilitate unprecedented levels of home-based work. Yet simultaneously, a shortage of semiconductors tied to global supply chain disruptions curbed the potential growth of the industry. Cloud hosting and data processing services revenue is expected to grow at an annualised 10.1% over the five years through 2022-23, to an estimated $2.5 billion.

Industry companies primarily provide electronic data processing or hosting services. Specialised hosting activities include web hosting, streaming services or application hosting, application service provisioning, and providing general time-sharing mainframe facilities to customers. The industry excludes processing payroll services and financial transactions, such as credit card transactions.