What Software Development Company in Australia Can Offer?
The software development in Australia is one of the fasted growing industries in the world with a substantial scope of offshore and nearshore software development outsourced to the companies abroad. Each software development company in Australia makes a big contribution to the domestic economy and boosts the country to a new level each year. According to the IT Ukraine research report, software development Australia is the industry where the demand for software engineers is very high.
Let’s have a look at the different aspects of software development Australia, such as how much does it cost to develop a software tool, what is the average salary of a developer, the importance of outsourcing, future prospects of an Australian software developer in the industry, and what are the alternatives to Australian software development companies.
Software Development Company in Australia: Industry Overview
According to the IBIS World research report data, the total market value of Australian software development companies stands at about $13 billion in 2020. It grew at about annualized 11.4% during the past 5 years. This trend of growth in the software development services Australia will also continue for the next five years. Australia has 1,000+ IT providers on the software development market for now.
According to ACS Australia’s Digital Pulse, the digital sector is expected to contribute about $139 billion dollars in the Australian GDP by the end of 2020. Moreover, a 40% growth is forecasted by the end of 2023.
Australia is becoming one of the fastest growing education and technology hubs in the Asia Pacific region. It attracts numerous engineering students and skilled and qualified engineers and developers to this country for pursuing their goals of life. Therefore, software developers Australia became in very high demand.
On the other hand, Australia is the most remote country from technology centers such as Europe and America. The big time difference and long distances become an obstacle for comfortable cooperation between software companies. Therefore European and American IT companies often look for the more near partner. For Europe, the most affordable nearshore destinations are Ukraine, Romania, Bulgaria, and Poland. These Eastern European countries have grown technologically a lot in recent years, especially Ukraine. More and more software companies are considering Ukraine as an IT nearshoring destination.
Software Development in Australia: Interesting Facts
According to the Australian Securities and Investment Commission website, the number of new companies registered in Australia during the 2019 year stood around 225,000. Among that a huge number of new companies, there were also a large number of custom software development companies in Australia registered in 2019.
Let’s have a look at a few interesting facts and figures related to the typical software development company in Australia and the software development industry of Australia.
- The ratio of newly registered software companies Australia stood between 0.8% to 1% of all registered companies in twelve months of 2019
- Victoria region stood first, followed by the New South Wales and Queensland regions in terms of the number of registered companies. Therefore software development services Melbourne are very popular
- Each 10th software developer in Australia earns more than $2,548 per week on an average
- Healthcare and social assistance is the largest industry where the use of the software is extensive
- Programming, system analysis, and system evaluation are the top demanded skills for software developer Australia
- The migration inflow of software developers and programmers stands at about 5,000 plus during the past few years
- The total number of temporary skilled ICT worker inflow stands at 9,900 in 2018-19, this is 26% less than previous years
- About 6,000 ICT graduates and postgraduates completed their courses in 2019
- Exports of ICT services stood at $3.8 billion in 2018-19 and imports at $3.27 billion
- The API based software solutions are anticipated to grow four times by 2020
The Australian software development industry not only supports the local industries but also earns foreign exchange through software service export to other countries.
Custom Software Development Australia: Industry Growth
Computer programming and software development play a vital role in the entire development of the Australian industries as well as in the exports of the country. The custom software development Australia is expected to grow consistently for the next five years, as per information of the Australian government’s department of employment.
According to the computer software development related job outlook, more than 60,000 jobs will be created in the industry by 2022. The custom Australian software development market employed more than 104,000 developers and programmers in 2019.
The Australian Financial Review predicts a whopping amount of $84.8 billion in technology spending. The ERP software companies in Australia are estimated to increase their spending by 11.7% as compared to the previous year.
So, the IT industry, especially software development is set to grow substantially in the next few years. But IT market growth requires the increase of the workforce, and here Australia is facing troubles. During the past years, Australia has a critical shortage of developers, and this gap continues to grow. According to forecasts, it will be a lack of 100,000 IT workers in the country by 2024.
Software Companies in Australia
Australia is a great place for software development companies to thrive due to many good reasons. The fast-growing software development industry, easy to do establish an Australian software company and the availability of huge demand for services not only in the local market but also in the software exports are a few very important reasons. There are thousands of digital companies and startups working in different areas of Australia. They are making a huge contribution to the total GDP of the country.
The top-rated registered software companies in Australia are listed below.
- Atlassian Corporation
- Link Administration Holdings
- Xero FPO Corporation
- Myob Group Limited Company
- Iress Limited Company
The total market capitalization of these top five companies stood at about $15.183 billion. Altassian Inc is the biggest software company in Australia with a capital value of over $6.2 billion listed on NASDAQ. Apart from the top 5 companies, there are many other software companies with substantial revenue in millions that operate in the marketplace.
Top 3 Cities With Software Companies in Australia
The main areas of software development are the major cities in Australia because the population of Australia is concentrated in the cities, especially the big cities. Would you like to where ERP software companies in Australia can be? Let’s have a look at the big cities where the remote software development help is highly required.
Sydney is a huge IT hub in Australia with almost 350 IT companies offering various services. Large scale software development is required in the banking, finance, insurance, and other IT firms in this city. Some software companies in Sydney work on international offshore projects, others provide services to the internal market. But the variety of providers and professionals here is outstanding. Overall, Sydney and New South Wales region dominate the IT industry of the whole country, as the major providers are based here. They are accountable for 39% of IT businesses in the country. And the National ICT Australia is based here. The major software development companies operating from this city include IndiaNIC Infotech, iTechArt, Magento Solutions, Sphinx Solutions, NMG Technologies, HiddenBrains, 10Cloud, and many others. One can find a software development company Sydney that focuses on any technology one is interested in. Yet, the main specialties here are:
- Security solutions
- Finances, banking, and e-commerce
- Web and mobile applications
- Digital gaming
- Healthcare and Engineering solutions
Software development companies Sydney offer high-quality assistance and services for many IT spheres. They also have an impressive talent pool and international experience of cooperation.
Regarding all mentioned above the salaries of software developers in Sydney are the highest. The average income of software developer here is $61,600 per year.
Melbourne is another very important city in Australia. It plays a very crucial role in software development to fulfill the local needs as well as exports the software to other countries. The main software development companies in Melbourne that develop software products and services include IntellectSoft, Cyber Infrastructure, Sunflower Labs, DiceUs, VironIT, and many others.
Software development companies Melbourne are extremely efficient and generate a huge part of Victoria’s $34 billion revenue per year. It is easy to find a good software company in Melbourne as the city hosts half of the top 20 IT companies in Australia. There are thousands of professional, experienced software companies in Melbourne Australia that focus mainly on:
- Cloud technology
- Games and gaming industry
- Web and mobile programming
- Data analytics
Almost any software development company Melbourne offers a great talent pool as the region produces more IT graduated than any other city in the country. There are several world-famous universities here and 10 IT research institutes. You will also have no trouble with Magento developer Melbourne because there are many companies that provide online shop creating services.
The salaries of software developers are a bit lower than in Sydney but still high. In Melbourne, a programmer can count on $58,200 per year.
Custom software development Adelaide is also very prospective for the software development business. It uses on-premises as well as outsourcing modes of hiring for software development in the city. There are 33 software development companies Adelaide. Although this number might not seem extremely high, it is a substantial part of the city’s GRP, which is estimated $19.45 billion per year. The major software development companies that operate from this city include Alpha Softwares, Applied Data Control, Active Ideas, Bakas IT Solutions, and many others. These companies create many workplaces not only for software developer Adelaide but also for developers from other countries who immigrate to Australia. The city is a huge educational center and offers a wide talent pool including software programming and IT-related programs.
One can find a software development company Adelaide that focuses on one of the following spheres:
- Web and mobile app development
- Finances and e-commerce
- Aviation software solution
- Cloud technologies
- Data analysis
Adelaide’s IT market offers qualified and well-educated professionals, who provide excellent services. The average salary of a software developer here is $53,400 per year.
Top 5 Reasons for Software Company in Australia to Hire Dedicated Developers Abroad
Sometimes the demand for IT specialists overpasses the supply inside the country. Therefore, a large number of software development companies in Australia choose to outsource software development to other countries. Among numerous remote hiring models, the dedicated hiring of software developers abroad is one of the most popular ways for Australia software company. The top 5 Reasons are mentioned below.
The dedicated developer hiring offers great reliability powered by the service provider company. The developer or the team of developers fully focuses on the single project assigned to them.
The cost of a dedicated developer is comparatively low and fixed as compared to outsourcing or in-house development. The development cost is one of the major concerns for all kinds of software companies not only in Australia but also in all other countries.
Hiring dedicated software developers will increase the efficiency and fast delivery of software development projects. The entire team works dedicatedly for the project assigned for a particular time duration; so the project is delivered on time without any delay or distraction.
Fully Managed Teams
The team of dedicated developers is fully managed by the third party contractor who administratively managed the entire team by providing workspace, development infrastructure, communication medium, hiring processes, and local administration. Thus, the hiring of dedicated teams provides better results to the software development company Australia.
No Legal & Social Liability
Like many other governments, the Australian government also imposes many governmental rules, regulations, social security conditions, and legal matters related to on-premises employment. All those constraints don’t apply in case of remote hiring of dedicated teams abroad.
Hiring Developers in Australia vs Ukraine
Hiring software developers in Australia is completely different from hiring the same from Ukraine in many perspectives. Let’s have a look at the major differences between both cases.
Cost of livings of Software Developers: Australia vs Ukraine
The cost of living in Australia is very high, which translates into the higher rates of a software developer. The living cost of a single person in Australia may cost you $3,250 per month, and $39,000 per annum. If you want to live with the entire family, then the cost will increase up to $6,100 per month, and $73,200 per annum. In comparison to Australia, the single person in Ukraine spends on living $905 per month or $10,800 annually. So, the living cost of a single person in Australia is greater than the total average earning of a software developer in Ukraine.
So, it is highly desirable for the software development companies to hire dedicated software developers from the Ukrainian software development service provider companies like Mobilunity for lesser charges.
Mobilunity – an Alternative to Software Development Company Australia
In the presence of cutthroat competition in the Australian marketplace, it is a great option for the software development companies to hire dedicated software developers from Ukrainian professional-grade service provider companies like Mobilunity dedicated developers provider company.
Mobilunity has successfully operated on the Ukrainian IT market since 2010. We provide dedicated development teams and R&D centers according to all client’s requirements. Working with IT companies from all around the world Mobilunity got excellent experience in its area and successfully closed dozens of projects. Outstaffing model of work allows to reduce the development cost and improves project efficiency.
The quality of the development is always maintained high because Ukrainian developers selected by our recruitment team have all the necessary skills and are highly motivated to grow up with new interesting projects. The rule of 3 Rs – Relationships, Recruitment, Retention – is a Mobilunity’s philosophy that aims to efficient cooperation and goals achievement. We are professionals in perfect remote dedicated development teams building and we are always open to new challenges!