Abstract: The total IT services market in Australia is projected to grow at a 9.7% CAGR from FY23 to FY28, reaching $30.8 billion, driven by cloud services and cybersecurity. The UC&CC market will grow at a 4.0% CAGR, reaching $1.90 billion by 2027, with a shift towards cloud solutions. Cloud computing, the largest IT segment, will grow at an 11.0% CAGR to $21.1 billion, with SaaS leading. Key challenges include security, data privacy, and skilled staff shortages. The cybersecurity market will grow at an 8.1% CAGR to $7.8 billion, driven by Artificial Intelligence implementation and rising digitalisation of operations.