Australia Cannabis Technology Market Size & Outlook
The cannabis technology market in Australia is expected to reach a projected revenue of US$ 491.9 million by 2030. A compound annual growth rate of 27.4% is expected of Australia cannabis technology market from 2024 to 2030.
- Enterprise Technology & Automation
- Cybersecurity & Digital Risk
- Cannabis Technology Market Outlook
- Cybersecurity & Digital Risk
Revenue, 2023 (US$M)
$90.3
Forecast, 2030 (US$M)
$491.9
CAGR, 2024 - 2030
27.4%
Report Coverage
Australia
Australia Cannabis Technology Market, 2018-2030 (US$M)
Global Market
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Australia cannabis technology market highlights
- The Australia cannabis technology market generated a revenue of USD 90.3 million in 2023 and is expected to reach USD 491.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 27.4% from 2024 to 2030.
- In terms of segment, consumption was the largest revenue generating application in 2023.
- Warehousing is the most lucrative application segment registering the fastest growth during the forecast period.
Cannabis technology market data book summary
| Market revenue in 2023 | USD 90.3 million |
| Market revenue in 2030 | USD 491.9 million |
| Growth rate | 27.4% (CAGR from 2023 to 2030) |
| Largest segment | Consumption |
| Fastest growing segment | Warehousing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cultivation, Processing/Manufacturing, Warehousing, Consumption |
| Key market players worldwide | Ardent Health Services, Green Thumb Industries Inc, SpringBig Holdings Inc, Demetrix, Courier Plus, Jane Technologies, LeafLink |
Other key industry trends
- In terms of revenue, Australia accounted for 1.9% of the global cannabis technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cannabis technology market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 328.7 million by 2030.
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Cannabis Technology Market Scope
Cannabis Technology Market segmentation & scope
Cannabis Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ardent Health Services | View profile | 10001+ | Nashville, Tennessee, United States, North America | ardenthealth.com |
| Green Thumb Industries Inc | View profile | 4,561 | 325 West Huron Street, Suite 700, Chicago, IL, United States, 60654 | www.gtigrows.com |
| SpringBig Holdings Inc | View profile | 83 | 621 North West 53rd Street, Suite 500, Boca Raton, FL, United States, 33487 | www.springbig.com |
| Demetrix | View profile | 101-250 | Berkeley, California, United States, North America | www.demetrixbio.com |
| Courier Plus | View profile | 1-10 | Bend, Oregon, United States, North America | www.courierplus.co/ |
| Jane Technologies | View profile | 51-100 | Soquel, California, United States, North America | www.iheartjane.com/ |
| LeafLink | View profile | 101-250 | New York, New York, United States, North America | leaflink.com |
Australia Cannabis Technology Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Cannabis Technology Market Outlook will help companies and investors design strategic landscapes.
Consumption was the largest segment with a revenue share of 32.56% in 2023.
Horizon Databook has segmented the Australia cannabis technology market based on cultivation, processing/manufacturing, warehousing, consumption covering the revenue growth of each sub-segment from 2018 to 2030.
- Australia Cannabis Technology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Cultivation
- Processing/Manufacturing
- Warehousing
- Consumption
- Australia Cannabis Technology Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Online
- Offline
- Australia Cannabis Technology Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Australia Cannabis Technology Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Medical
- Recreational
- Industrial
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- Our clientele includes a mix of Cannabis Technology Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Cannabis Technology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Cannabis Technology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Cannabis Technology Market, 2018-2030 (US$M)
Australia cannabis technology market statistics, by application, 2018-2030 (US$M)
