Sectoral opportunities in Australia
There are a number of sectors that could potentially offer some opportunities to Northern Ireland companies.
Opportunities exist for UK companies across a wide range of sectors, including financial services and fintech, technology, cyber security and infrastructure.
There are a number of sectors that could potentially offer some opportunities to Northern Ireland companies.
Financial services and Fintech
Australia has a 9.5 trillion Australian dollars financial sector which equates to almost five times Australia鈥檚 GDP (Australian government). Australia is ranked in the top 10 nations for fintechs according to Global Fintech Index City Rankings 2020, with strong fintech adoption. This presents opportunities for UK fintech companies as Australian financial institutions look to evolve their businesses.
Technology
Australia is a great strategic location for UK tech companies looking to expand, because of its significant research infrastructure, its highly-skilled workforce and the strong reputation of British technology.
Infrastructure and smart cities
By 2029, Australia鈥檚 State and Federal governments are expected to have invested over 100 billion Australian dollars in transport infrastructure, through its rolling infrastructure plan. Projects include a new inland railway, a new Western Sydney Airport and metros for Sydney and Melbourne.
E-commerce
Australia鈥檚 e-commerce market is large and expected to continue to grow over the coming years. There are considerable opportunities for UK businesses to sell online to Australian consumers.
Cyber security
Australia is emerging as an advanced cybernation with the sector worth 2 billion Australian dollars and projected to triple to 6 billion dollars by 2026 (Australian Cyber Security Growth Network, 2021). As a result of increased government prioritisation and a rising threat environment, Australia is providing funding and 91香蕉黄色视频 to promote market growth and improve national cyber resilience.