ANZ enterprise mobility market has growth potential

Enterprise mobility remains a bright spot for ANZ telcos as B2B services grow at 2.3% CAGR through FY28.

David Kennedy · Venture Insights13 September 2024Period: FY24-FY284 min read

+2.3%↑

Australian total business mobility revenue CAGR (FY23/28)

+2.0%↑

New Zealand total B2B mobile services CAGR (FY23/28)

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Abstract

This report forecasts the 2024-2028 outlook for the Australian and New Zealand business mobility markets. While low economic growth impacted FY24 revenues, the market is poised for recovery with Australian B2B mobile services and hardware revenue projected to reach A$5.124bn at a 2.3% CAGR. New Zealand's retail market is expected to reach NZ$998 million. Growth is primarily driven by mobile handheld services, IoT connectivity, and managed mobility services as enterprises shift toward digital transformation and BYOD policies.

Key Takeaways

Australian B2B mobile services and hardware revenue is forecast to reach A$5.124bn by FY28 at a 2.3% CAGR.
New Zealand's B2B mobile services retail market will grow at a 2.0% CAGR to reach NZ$998 million 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 services and hardware market is forecast to reach A$5.124 billion by FY28. This growth reflects a 2.3% CAGR as the market recovers from low economic growth in FY24.

IoT connectivity is the standout performer in the New Zealand market, projected to grow at a 9.2% CAGR through FY28. This significantly outpaces the broader New Zealand B2B mobile services retail market, which is expected to reach NZ$998 million.

BYOD adoption is driving a 7.2% growth rate in Australian managed mobility services as enterprises seek to secure employee-owned devices. Conversely, this trend is contributing to a long-term decline in mobile hardware revenue as corporate replacement cycles lengthen.

Yes, incumbent telcos are facing significant pressure, with Spark New Zealand reporting a 15% drop in IT services revenue for FY24. This contributed to a 1.6% decline in Spark's total IT revenue, signaling a difficult environment for traditional IT service models.

ANZ enterprise mobility market has growth potential

Abstract

Key Takeaways

Frequently Asked Questions

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