New Zealand ICT Market Size (2024 - 2029)

The New Zealand ICT market is poised for significant growth, driven by increased investment in information technology services and cloud technologies. The country's robust digital infrastructure and competitive sectors such as fintech and health IT contribute to its prominence in the global market. The ICT sector, a key component of New Zealand's export economy, benefits from government support and strategic collaborations aimed at fostering innovation. The relaxation of border restrictions for ICT professionals further underscores the nation's commitment to enhancing its digital workforce. Despite challenges posed by the COVID-19 pandemic, the market has demonstrated resilience, with a continued focus on advanced technologies like big data, IoT, and AI, particularly in government and healthcare applications.

Market Size of New Zealand ICT Industry

New Zealand ICT Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.20 %
Market Concentration Low

Major Players

New Zealand ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

New Zealand ICT Market Analysis

The New Zealand ICT Market is expected to grow at a CAGR of 7.2% over the next five years. The growth of the market is anticipated to increase owing to the increased spending on items and services related to information technology. Businesses are shifting from IT ownership to IT services and investing more in cloud technology than on-premises technology.

  • With its excellent digital infrastructure, New Zealand is among the top 20 nations in the world for network coverage, 5G rollout, and internet speeds. Fintech, health IT, digital, and creative technologies are flourishing in New Zealand and are highly competitive. According to the International Trade Administration (ITA) report, ICT is New Zealand's third-largest export sector and comes with an annual export income of approximately USD 8.7 billion. There are over 7,500 firms in the ICT industry of New Zealand, and it is where most global brands are distributed.
  • ICT is the key to the New Zealand government's strategy to boost innovation and local production. Collaboration between the banks, the ICT industry, and the New Zealand government created a congregated and information-sharing atmosphere. Notably, with a 63% increase in the total funds spent from 2020 to 2021, New Zealand start-ups witnessed significant growth in the number of deals completed and the amount of capital invested.
  • New Zealand is relaxing its border limitations for ICT professionals to entice the greatest digital talent from across the world to the island country. The leader in these border exclusions is NZTech, the government-funded marketing organization created to promote New Zealand technology to the global market. As confirmed by the chief executive of the firm, the country needs a technology workforce since the digital economy of New Zealand is growing. Also, the nation could witness a further upsurge in demand for skilled people in the tech industry.
  • New Zealand is rapidly moving toward digital health. The current year's health sector reforms in New Zealand have highlighted data and digital as one of five critical shifts necessary to support consumer-driven health and give customers access to secure, high-quality, and practical services. The transition to more standardized and contemporary online platforms would help health workers function more efficiently every day, improve patient continuity of treatment, and reduce medical mistakes.
  • New Zealand's ICT sector witnessed stable growth even during the critical times of the COVID -19 pandemic. The negative impact of the pandemic on business investment activity was minimized by backing from the past investments in digital transformation by government and other enterprises in the country. Starting from the time of the pandemic, big data and analytics combined with other technology, such as the internet of things (IoT), artificial intelligence (AI), and mobile network traffic data, is becoming a big area of focus, particularly for government agencies and healthcare providers.

New Zealand ICT Industry Segmentation

Information and Communication Technologies or ICT is a broader term for Information Technology (IT). It refers to all communication technologies, such as wireless networks, the internet, computers, cell phones, software, videoconferencing, middleware, social networking, and other media applications and services enabling users to store, access, transmit, retrieve, and manipulate information in a digital form.

The New Zealand ICT market is segmented by type (Hardware, Software, IT Services, and Telecommunication Services), the size of enterprise (Small and Medium Enterprise and Large Enterprises), and industry vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, and Energy and Utilities). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

By Type
Hardware
Software
IT Services
Telecommunication Services
By Size of Enterprise
Small and Medium Enterprises
Large Enterprises
By Industry Vertical
BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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New Zealand ICT Market Size Summary

The New Zealand ICT market is poised for significant growth, driven by increased investment in information technology services and a shift towards cloud-based solutions. The country's robust digital infrastructure positions it among the top global nations for network coverage and internet speeds, fostering a competitive environment for sectors like fintech, health IT, and digital technologies. The ICT sector is a major contributor to New Zealand's economy, being the third-largest export sector and a key player in the government's strategy to enhance innovation and local production. The market's resilience was evident during the COVID-19 pandemic, with prior investments in digital transformation mitigating the negative impacts on business activities. The sector's diversity and capacity to adapt to global demands, particularly in the United States, underscore its importance in New Zealand's economic landscape.

The New Zealand government is actively promoting digital health initiatives, aiming to enhance healthcare delivery through digital platforms. This includes significant investments in data and digital infrastructure to improve patient care and streamline health services. The government's commitment to integrating digital technologies in healthcare is reflected in its strategic reforms and investments, which are expected to drive further growth in the sector. The ICT market in New Zealand is characterized by a fragmented landscape with numerous players, including major companies like IBM, Amazon, Spark, and Vodafone, who are continuously innovating and expanding their operations. Collaborations and strategic partnerships, such as those between Vodafone and Nokia, and Auckland Transport and Microsoft, highlight the industry's focus on advancing technology and enhancing service delivery.

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New Zealand ICT Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Stakeholder Analysis

    3. 1.3 Industry Attractiveness-Porter's Five Force Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Hardware

      2. 2.1.2 Software

      3. 2.1.3 IT Services

      4. 2.1.4 Telecommunication Services

    2. 2.2 By Size of Enterprise

      1. 2.2.1 Small and Medium Enterprises

      2. 2.2.2 Large Enterprises

    3. 2.3 By Industry Vertical

      1. 2.3.1 BFSI

      2. 2.3.2 IT and Telecom

      3. 2.3.3 Government

      4. 2.3.4 Retail and E-commerce

      5. 2.3.5 Manufacturing

      6. 2.3.6 Energy and Utilities

      7. 2.3.7 Other Industry Verticals

New Zealand ICT Market Size FAQs

The New Zealand ICT Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)

IBM New Zealand Ltd, Amazon New Zealand Pty Ltd, Microsoft New Zealand Limited, Vodafone New Zealand Limited and Spark New Zealand Limited are the major companies operating in the New Zealand ICT Market.

New Zealand ICT Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)