The Top 5 IT Companies in Australia
Famous for its remarkable, unique wildlife, this kangaroo-coded country also stands out as a renowned information technology (IT) epicenter with multiple IT companies in Australia gaining worldwide recognition over the years. From Melbourne to Brisbane, Australia hosts a wide array of large megalopolises that rapidly utilize the power of innovative technology and transform it into a great selection of robust IT companies in Australia. Yet, are IT outsourcing companies in Australia truly worth the hype? Should you consider major IT companies in Australia or rather pay attention to small IT companies in Australia? In today's article, we will guide you through the top 5 IT companies in Australia while also highlighting the following topics:
- The R&D-empowered nature of the modern IT industry in Australia.
- A shocking statistic signifying the decline of the IT industry's contribution to the overall GDP of the country.
- The growing number of IT outsourcing companies in Australia, the government's investments into R&D, and OpenAI's "economic blueprint" as a foundation for future growth.
- The top 5 IT companies in Australia, including Codiant, devabit, and Annexa, to name a few.
A Quick Sneak Peek into the Australian IT Industry in 2026
With a huge emphasis on research and development (R&D) services, the Australian IT industry has seen substantial growth over the last decade, with a market size estimated at $111.2 billion in 2022 and expected to reach $172.3 billion by the end of 2026. However, there are always two sides to one coin. Regardless of the growing number of IT companies in Australia, Airteam has released a report that shows that the IT industry poorly contributes to the overall GDP of the country (only 2.6 % in 2023-2024). Being the first (!) time the IT industry in Australia has declined in 17 years, this incident signifies the vulnerable nature of Australia's digital economy. So, here it is, the dramatic end of the promising Australian IT market? Not really. Let's take a look at other statistics to gain a broader point of view:
- In 2023 and 2024, Australia spent $24,410 million on R&D, which is 18% more compared to 2021-2022.
- Business human resources committed to R&D totaled 104,172 person-years of effort.
- Nearly 45% of overall R&D expenses were in the area of information and computing sciences.
- The revenue of the Australian IT market is expected to reach 11.31% CAGR during 2023-2028.
Considering the statistics mentioned above, it is clear that the hazardous revenue decline was just a starting point for future growth rather than a path to overall industry destruction. The growing number of IT outsourcing companies in Australia, combined with significant investments into the fields of R&D and information technology, proves that the Australian government does care about the development and expansion of the national IT sector, building a stable foundation for future advancements. Besides, OpenAI has recently released an "economic blueprint" for Australia to unlock the full potential of the country in terms of a rapidly growing economy and IT sector, claiming that "Australia boasts a strong education system, trusted public institutions, and clear infrastructure advantages. But realizing the full benefits of AI will require coordinated action across government, business, and civil society."
The Top 5 IT Companies in Australia
As we have already sorted out, the Australian IT sector has a lot to offer, despite the unexpected spikes in revenue and economic instabilities. Still, how about IT companies in Australia? How to choose the right provider without wasting tons of money on poorly developed solutions? Below, we gathered the top 5 IT outsourcing companies in Australia to help you make the right decision.
01 / devabit
devabit is a software engineering company that became a partner of choice for many industry leaders like Casio, Carlsberg, EvenFlowAI, Shamballa, etc. Although this software engineering company is not located directly in Australia, it has multiple dedicated development teams in top Australian destinations like Sydney, Perth, Melbourne, and Brisbane, to name a few. devabit is a reliable technology partner for multiple clients across North America and Europe. With over 20 years of experience delivering world-class solutions for various industries, from aesthetically pleasing eCommerce stores to functional SaaS platforms, there is no challenge the devabit team would not meet with courage and creativity.
Country Based: Ukraine (Lviv), USA (New Jersey), with multiple development hubs across Eastern Europe and Australia.
Company Size: 100-200 employees, and development teams all over the world.
Hourly Rates: ⁓ $25 - $49 / hr.
Core Specialization: from software engineering and design sprints to BPO and 3D modeling, devabit provides solutions for startups, small-to-midsize companies, and enterprise-size businesses.
- Software Development: SaaS development, mobile development, web development, PoC development.
- Advisory Services: R&D engineering, discovery phase, product design.
- BPO Services: data entry, DTP, QC.
- 3D Modeling: jewelry, clothes, furniture, characters.
Competitive Advantage:
- Unique Discovery Phase: the devabit team handles a comprehensive analysis of all aspects of the project creation, from the client's idea to the technical implementation and release. Bridging the gap between a theoretical project concept and its technical implementation, devabit follows the 5-step approach to success: mind map → market & user analysis → wireframing → prototyping → project estimation.
- Niche Expertise: the devabit team believes it is impossible to develop robust solutions without speaking the language of the industry you are working with. From custom AI DMS solutions for the automotive industry to tailor-made prescription fulfillment platforms for pharmacies, devabit development teams dive deeply into each sector to come up with a niche solution that ticks all the boxes.
02 / iQlance Solutions
Taking the second place on our list of the top IT companies in Australia, iQlance stands out as a web and mobile development provider specializing in designing and deploying innovative mobile applications and software. Working with both small businesses and enterprises, the company prioritizes delivering client-focused product designs that ensure seamless user experiences.
Country Based: USA (Dallas), with development hubs across Australia (Melbourne).
Company Size: 50 - 100 employees.
Hourly Rates: $25 / hr.
Core Specialization:
- Digital Product Engineering: agile product planning, product engineering and development, performance and analysis.
- Mobile App Development.
- Software Development.
- Gen AI and ML: LLM development, AI development, ML development, Generative AI.
- Cloud Engineering.
03 / Codiant
Third place on our list of top IT companies in Australia belongs to Codiant, an AI-driven software engineering company working predominantly with enterprise-level clients. The company serves various industries like healthcare, fitness, wellness, e-commerce, logistics, and transportation. Codiant has built a global network of developers, designers, and digital marketing specialists to support their customers in solving complicated enterprise management and operational challenges.
Country Based: USA (Springfield), with development hubs across Australia (Sydney).
Company Size: 250 - 500 employees. Hourly Rates: $25 / hr.
Core Specialization:
- AI Development Solutions.
- Software Development Services.
- Mobile App Development Services.
- Web Design and Development Services.
- Data Science & Advanced Modeling.
- Data Analytics & Business Intelligence (BI).
- Data & AI Talent Services.
04 / Nexalab
Nexalab is a web and app development company that is an expert in the fields of MSPs (Managed Service Providers) and IT departments. The company puts a strong emphasis on cybersecurity, stating that keeping clients' sensitive data secure is their main priority. Providing all-in-one martech solutions, Nexalab helps Australian enterprises boost their internal operations and grow sales.
Country Based: Australia (Docklands).
Company Size: 10 -50 employees.
Hourly Rates: $30 / hr.
Core Specialization:
- Cybersecurity Expertise: penetration testing. IT Services Expertise: system integrator.
- Managed Services Expertise: application security.
- Mobile App Technology.
- Outsourcing Expertise.
05 / Annexa
Finally, the last yet not least player among all the top IT companies in Australia, Annexa, is a trusted cloud development provider adept at fostering business growth and long-term value. As a recognized 5 Star NetSuite Partner, the company helps businesses across Australia and New Zealand by bringing fresh perspectives, state-of-the-art systems, and cutting-edge solutions. Besides, Annexa serves multiple industries, including retail, fintech, and manufacturing.
Country Based: Australia (Melbourne).
Company Size: 50 -100 employees.
Hourly Rates: ⁓ $30 / hr.
Core Specialization:
- CRM Expertise: HubSpot, NetSuite consulting, Salesforce consulting.
- Outsourcing Expertise.
Final Thoughts on the Top 5 IT Companies in Australia
The IT business landscape in Australia proves that we live in an ever-changing economic ecosystem, constantly transforming the way IT companies in Australia operate and adapt to industry challenges. Powered by rapid AI development and government support, IT companies in Australia continue to capture the global market, offering competitive services at pleasant prices. Although the choice depends on your business needs and budget, we hope our list of the top 5 IT companies in Australia was helpful.
Interested in getting more business insights on the top IT outsourcing companies in Australia? Looking for a reliable Australian IT team, but do not know where to start? At devabit, we know how to help. Talk to our consultancy team and take the first step towards your next market-leading solution right now!
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