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Information & Communication Technology

The Queensland ICT industry directly employs over 77,000 people in over 5,600 businesses, with estimated revenues in excess of $23.6 billion. Brisbane and the South East Queensland region is the base for over 80 per cent of these companies, with over 70 per cent of the Queensland industry directly involved in either software development or the provision of ICT services.

The wider Australian ICT sector is incredibly robust with fast and secure network infrastructure and world leading intellectual property protection underpinning the industry. Brisbane’s geographic position, allows multinational ICT organisations to pursue a 24 hour development and support cycle allowing for continuous development across the world. In a 2009 report by the Economist Intelligence Unit benchmarking country’s overall e-readiness, Australia was ranked sixth in the world, and placed first within the Asia Pacific Region.

According to analyst firm IDC, the Australian IT services market was valued at $13 billion in 2008, and has been forecast to grow by 4 percent per year, for at least the next four years. Brisbane, in particular, boasts particular expertise in the areas of e-Security, open source, mining technology, wireless technology, enterprise software development, simulation and multimedia applications.

Brisbane has a deep pool of ICT talent to select from, with this talent augmented by the major universities in Brisbane. In addition to education, the local universities have cooperated with a number of international firms, leading to the development of a number of research institutes including the SAP Research CEC, Microsoft QUT e-Research Centre, Information Security Institute, and the Smart Services Cooperative Research Centre.

Attracted by the availability of highly-skilled and innovative staff, software development multinationals – Microsoft, SAP, Red Hat, Boeing, IBM and Mincom – have invested in Brisbane. These firms have capitalised on Brisbane’s cost-competitive operating environment, unique lifestyle opportunities, and ease of access to their Asian operations ensure the success of their operations.