ANZ enterprise mobility market has growth potential

Enterprise mobility emerges as a critical growth engine for ANZ telcos amid intense fixed-line margin compression.

David Kennedy · Venture Insights13 September 2024Period: FY23-FY284 min read

Last updated 6 May 2026

+2.3%↑

Australian total business mobility revenue CAGR (FY23-28)

A$5.124bn↑

Total Australian B2B mobile services and hardware revenue (FY28)

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Abstract

This report analyses the 2024 forecasts for the Australian and New Zealand business mobility markets, identifying mobility as a relative bright spot in a competitive segment. Venture Insights forecasts Australian total business mobility revenues will grow at a CAGR of +2.3% over FY23/28, while New Zealand is expected to grow at +2.0% CAGR. The analysis highlights how mobility is becoming an increasingly important category for incumbent telcos as fixed connectivity revenues face erosion from wholesale competition.

Key Takeaways

Australian B2B mobile revenue is forecast to reach A$5.124bn by FY28, growing at a 2.3% CAGR.
New Zealand's B2B mobile market will grow at a 2.0% CAGR to reach NZ$998m by FY28.
IoT connectivity is the fastest-growing segment, with CAGRs of 7.3% in Australia and 9.2% in New Zealand.

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Frequently Asked Questions

The Australian B2B mobile market is forecast to reach A$5.124bn by FY28, sustained by a 2.3% CAGR. New Zealand's business mobile sector will grow at a similar 2.0% CAGR, reaching a total retail market value of NZ$998m over the same period.

IoT connectivity is the clear outperformer, with projected CAGRs of 7.3% in Australia and 9.2% in New Zealand through FY28. Managed mobility services in Australia also show strong momentum with a 7.2% CAGR, driven by the continued expansion of corporate BYOD policies.

Mobility serves as a vital hedge against the erosion of fixed connectivity revenues caused by wholesale fiber competition from NBN Co and LFCs. The urgency of this shift is underscored by Spark New Zealand's recent performance, which saw a 15% decline in IT services revenues during FY24.

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