Rapid digital adoption during the COVID-19 pandemic meant that Australia’s technology sector grew by 26% (or $34 billion). The Tech Council of Australia has set a target for technology to deliver $250 billion per annum to Australia’s GDP by 2030. Melbourne is Australia’s technology hub and is home to more than half of Australia’s top 20 technology companies. There are now over 2,700 startups in Victoria and the sector is growing at a rate of 23% every year.
This growth rate is four times faster than the overall economy’s pace. In the fiscal year 2021, the digitech sector accounted for a substantial A$167 billion, which is equivalent to 8.5% of the country’s GDP.
We’re passionate about the relationships we build with our clients and committed to their success as business partners for life. At Stannards, we believe that it’s the people and heart behind their businesses that are truly important. For more information on how Stannards has provided intelligent accounting solutions to several well-established technology businesses, check out some of our valued client stories below.