Australian Government ICT spending is set to reach $6.2 billion by 2018, with 1.7 per cent five-year compound annual growth rate (CAGR) by 2017, according to IDC research. ICT spend is the largest category for government spend, and has become a central theme in state government service transformation roadmaps.
The Queensland Police Service (QPS) has been allocated funding for a technology refresh program in the 2013-14 budget.
The online education sector is growing at a rapid pace internationally. According to research undertaken by analysts at IBISWorld, the sector is one of the top five growing industries, worth $5bn in annual revenue in Australia. It employs nearly 20,000 people and is also expected to outperform the overall economy through 2017-2018.
ICT spending in Australia is forecast to grow from $43,408.6 million in 2012 to $49,452.6 million by 2016, according to new research from IDC.
ICT spending within the utility sector in Australia is forecast to grow by five-year compound annual growth rate of of 2.3 per cent to more than $1.9 billion in 2015, according to IDC's Utilities Market Forecast and Analysis report.