$7.5bn
$XXX.Xm
17,637
1,498
$X.Xbn
An increasingly digitised society and successfully leveraging the software as a service (SaaS) business model have catapulted the industry to success. Revenue is expected to have grown at an annualised 14.5% over the five years through 2023-24, with an anticipated rise of 13.6% in 2023-24 alone. Atlassian, the industry's largest player, has boosted its revenue significantly by providing enterprise software products like Jira, Trello and Confluence with the SaaS model. It has successfully targeted corporations and small-to-medium enterprises, which typically look to improve business operations like logistics and project management through Atlassian’s software. Although the shift towards SaaS business models led to initial losses in 2019-20, the industry's profit margins have bounced back due to successful SaaS integration.
Industry revenue has grown at a CAGR of 14.5 % over the past five years, to reach an estimated $7.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Atlassian | 4,098.4 | |
Wisetech Global | 1,025.5 | |
Xero | 848.1 |
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Industry revenue is measured across several distinct product and services lines, including Accounting software, Smartphone and tablet apps and Enterprise software. Accounting software is the largest segment of the Software Publishing in Australia.
Atlassian's robust growth fuels expansion within enterprise software
Software publishers create and distribute ready-made (non-customised) computer software.
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ANZSIC 5420 - Software Publishing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Implementing the software as a service (SaaS) model has ensured resilience and growth. Atlassian's success in adopting SaaS operations demonstrates this business model's effe...
Learn about an industry's products and services, markets and trends in international trade.
Cloud-based ERP systems are increasing software usability by addressing SME’s challenges cost effectively. A focus on cybersecurity and efficiency among corporations has esca...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales, particularly Sydney, has established itself as an expanding hub for software publishers, buoyed by comprehensive government support. The city's strategic loc...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Rapid technological advancement causes software to become outdated quickly. Publishers can use new developments to leapfrog competitors and stay relevant.
Learn about the performance of the top companies in the industry.
Adopting the TEAM Anywhere policy, Atlassian has transitioned to a globally distributed workforce, erasing geographical limits to talent access. Managing this diverse team, a...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Businesses form a crucial part of the industry's downstream markets, and regular software updates significantly influence industry trends. Changes in capital expenditure on c...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The initial transition to SaaS models resulted in losses for the industry in 2019-20. However, with full integration and technology advancements, these models have driven rec...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Software Publishing industry in Australia is $7.5bn in 2024.
There are 1,498 businesses in the Software Publishing industry in Australia, which has grown at a CAGR of 4.9 % between 2019 and 2024.
The market size of the Software Publishing industry in Australia has been growing at a CAGR of 14.5 % between 2019 and 2024.
Over the next five years, the Software Publishing industry in Australia is expected to grow.
The biggest companies operating in the Software Publishing market in Australia are Atlassian, Wisetech Global and Xero
Funding software development and Developing computer software for mass production are part of the Software Publishing industry.
The company holding the most market share in Australia is Atlassian.
The level of competition is high and steady in the Software Publishing industry in Australia.