A recent study found that software company Adobe has the second-highest revenue per user in Australia, and the highest turnover per employee in the country.
Adobe has generated over $3.2 billion in revenue in Australia over the last two years, which is almost double the $1.4 billion revenue generated by IBM, which was ranked as the second most profitable company by the Australian Bureau of Statistics (ABS).
In Australia, Adobe also accounts for over 50 per cent of the total software market in terms of market share.
The Australian Government has allocated $3 billion to the Software Assurance Fund (SAF) to fund the growth of software companies in the Australian economy.
The money will be used to improve the performance of the SAF by creating a new, more competitive, funding pool for software developers in the Software Industry.
The SAF will fund a number of projects aimed at attracting more Australian talent to the country and increase the diversity of Australian software developers, such as creating a “Digital Australia”.
This initiative aims to support Australia’s tech sector and provide better opportunities for Australian engineers to learn and develop software in the digital age.
The Government said it will also support the growth and diversification of the software industry by investing in digital skills training and developing a digital skills strategy for the Software and Information Technology sector.