Sunday, August 14, 2022

Australian Software Development Companies On The Rise in 2021


Tech Reports

Australian software development companies are on the rise in this technological era. This industry has attracted several high-class multinational companies, who have their offices in Australia. These companies depend on the software development companies for creating software applications that can help them achieve their objectives. Software development is the major source of IT industry.

There are also many software development companies, Australia based which have contributed significantly in the growth of the market in Australia.

Statistics indicate the software development market in Australia employed more than104,000 developers and programmers in 2019

Software Development Australia is the second largest software developing nation in the world after the US. The country boasts of skilled and highly qualified professionals who possess the knowledge and experience required for software development activities. With the increasing demand for software development from various sectors of the economy, there has been an increase in the number of software development companies. The companies have come up with many new ideas and technologies to keep up with the pace of change. Some of the software developed in Australia include web portal design, enterprise mobile software, enterprise system, enterprise application development and software development to list a few.

Some of Australia’s biggest tech companies

  • Atlassian – market cap $18bn.
  • Computershare Ltd – market cap $10.7bn.
  • REA Group – market cap $9.4bn.
  • Xero Ltd – market cap $5.5bn.
  • Link Admin HLDG – market cap $3.9bn.
  • Ltd – market cap $2.9bn.

Australia is well known for its liberal attitude towards outsourcing. As a result, there are many software development companies in Australia which are serving the global clients from third world countries. The main reason behind this is that Australia is home to some of the finest software developers and software engineers. With its highly skilled professionals, Australia has become a hub for outsourced software development activities.

In recent years, offshore software development has gained a lot of popularity in Australia. There are a number of reasons behind this. One is the cheaper labor rates in offshore countries, which Australia can boast of because of its strong economy. Second, Australia is a land of opportunity because of its rich software industry and third, the Australian government is also pro-active in promoting its development. These factors have made Australia a desirable destination for development activities.

Another reason behind the surge in popularity of these software development companies is its easy accessibility. Australia is only a couple of hours away by air and yet one can access its development centers from any part of the world. This makes it possible for a person to stay at home and take part in all the activities related to development of software products from the comfort of his/her living room.

Apart from the domestic software development market, there is an offshore software development market as well. People from other countries like India, Singapore, China, and many more countries are now registering interest in making their own software products and selling them to the Australia market. It is true that many software developers have failed to make it big in the Australia market due to lack of awareness among local players. With the rise in outsourcing activity, there are more people from the overseas countries joining the ranks of software development companies.

There are plenty of advantages of working with an offshore software development company. The primary advantage is cost. Since Australian labor is much cheaper than the cost of labor in the US or in the European Union, the cost factor has made offshore software development very attractive. Australia’s low tax rates make it even more attractive.

Apart from being an attractive business proposition, working with these offshore software development companies in Australia is also beneficial for the country’s economy. The low labor costs make it possible for domestic companies to compete with multinational corporations. Australian businesses are able to increase their revenues as prices for software development decreases. Australia is emerging as a hub of software development activities because of its favorable business environment and skilled workforce.

Secondary editor and executive officer at Tech Business News. Contracting as an IT support engineer for 20 years Matthew has a passion for sharing his knowledge of the technology industry. He's also an advocate for global cyber security matters.

Matthew Giannelis
Matthew Giannelis
Secondary editor and executive officer at Tech Business News. Contracting as an IT support engineer for 20 years Matthew has a passion for sharing his knowledge of the technology industry. He's also an advocate for global cyber security matters.

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