ANZ Cloud Computing Market Size

ANZ Cloud Computing Market Analysis

The ANZ Cloud Computing Market size is estimated at USD 8.81 billion in 2024, and is expected to reach USD 24.21 billion by 2029, growing at a CAGR of 22.42% during the forecast period (2024-2029).

• There has been a growing demand for cloud computing in Australia and New Zealand (ANZ), reflecting several dynamic factors reshaping the region’s digital landscape. The push towards digital transformation is one of the primary drivers of cloud computing demand in ANZ. Companies across various sectors, including finance, healthcare, education, and retail, are increasingly adopting cloud technologies to enhance operational efficiency, reduce costs, and deliver better customer experiences.
• According to the report published by Konica Minolta in July 2024, Australian businesses are increasingly adopting digital transformation, with a notable uptick in adopting technologies like artificial intelligence (AI) and cloud solutions. It also highlights the company's focus on data protection and information security among organizations, underscoring their efforts to remain competitive. This trend mirrors a global shift towards stringent regulatory compliance and enhanced cybersecurity measures. Consequently, this surge in technology adoption has propelled the cloud computing market in both Australia and New Zealand.
• In addition, the ANZ region attracted significant investment from global cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. These companies are expanding their regional presence by establishing new data centers, enhancing local infrastructure, and launching tailored cloud services.
• For instance, in July 2024, AWS revealed plans to construct a data center for the Australian government specifically designed to manage top-secret information. This data center and cloud system will be a collaborative effort between AWS and the Australian government, with the latter committing an investment of USD 1.3 billion over the next decade. Furthermore, these investments are anticipated to increase in the coming years, propelling the overall market forward.
• Overall, various factors are fueling the demand for cloud computing in Australia and New Zealand. These include digital transformation, backing from the government, investments from global cloud providers, and a pressing need for secure and scalable IT infrastructure. As businesses from diverse sectors turn to cloud technologies to maintain their competitive edge, the cloud computing scene in ANZ is poised for further expansion, paving the way for fresh avenues in innovation, efficiency, and growth.