Digital technology and innovation drive economic growth, productivity and competitiveness. The Victorian Government is committed to positioning Victoria as the number one destination for digital technology companies and startups in the Asia-Pacific.
The results of the latest survey of Victoria's information and communications technology (ICT) industry indicate continued growth and a positive outlook with:
- 19,941 businesses
- 139,100 employees
- annual revenue of $38.4 billion (including $2.4 billion in international revenue).
More broadly, Deloitte estimates that in 2020, Victoria's digital economy could be worth $50.8 billion.1
The 2019 ICT industry fact sheets are available below:
- 2019 ICT industry fact sheet 2019 ICT industry fact sheet.pdf (PDF 301.89 KB)
- 2019 ICT industry fact sheet
Victoria's strengths in digital technology are driving innovation, making the state's industries more competitive, creating jobs and helping to grow the economy.
Victoria is recognised as a major innovation and digital technology hub with a strong startup ecosystem and a growing number of medium sized businesses and large international companies
- Victoria has produced at least 11 unicorns (startups valued at more than $1 billion) with a combined market capitalisation of more than $40 billion. These include Real Estate Australia Group, Carsales.com, Seek, Airwallex, MYOB, Aconex and Envato
- Global technology leaders including Zendesk, Amazon, Alibaba and Square, have all chosen to establish a regional headquarters in Melbourne
- Victoria produces more university ICT graduates and has more university ICT course enrolments than any other state.
Victorian Government support
The Victorian Government is creating a supportive local environment where innovation can thrive with programs, initiatives and events being rolled out across metropolitan and regional Victoria.
The $45 million Connecting Regional Communities Program is addressing digital infrastructure, enhanced broadband, mobile blackspots and digital agriculture, and the $18 million Regional Rail Connectivity Project is improving connectivity on five major regional rail lines.
The Victorian Government has established LaunchVic, an independent agency responsible for leading the development of a globally-connected startup ecosystem by supporting startups and investors to sustainably grow and deliver economic and cultural benefits for both Victoria and Australia.
Events and programs like Robogals, Girl Geek Academy, the TechDiversity Awards, the League of Extraordinary Women, GirledWorld and Go Girl, Go for IT are supporting gender diversity, inclusion and equal opportunities.
Melbourne's digital technology events calendar also boasts high-profile technology and innovation events including the state and national iAwards, Reimagination, Digital Disruptor Awards, Cisco LIVE and the Digital Innovation Festival.
Victoria is also home to the national headquarters of the Australian Information Industry Association (AIIA), Australia's peak representative body for the technology sector and host of the national iAwards.
Victoria is leading the nation on cyber security and has attracted Oxford University's world-leading Global Cyber Security Capacity Centre (GCSCC) to set up its first ever international office in Melbourne.
1Australian Computer Society and Deloitte Access Economics, Australia's Digital Pulse 2015.
Page last updated: 29 January 2020