Opportunities in NZ
The New Zealand ICT Market is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), 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 country's technology sector has seen rapid growth over the past year, with revenue and exports up 9 percent on the year earlier. The Technology Investment Network's (TIN) annual report on the top 200 tech companies indicates the sector grew nine times faster than the rest of economy, with total revenue of $15.11 billion, representing a gain of $1.25b.
The top 31 companies earned more than $100 million in revenue, with the top four generating more than $1b. The strong revenue growth has resulted in an overall underlying profit of nearly $2.5b. The tech sector also earned 76 percent of its revenue overseas, generating $11.5b in exports, or 14 percent of New Zealand's total, second only to the dairy sector. The information and communications technologies (ICT) sector in New Zealand is divergent, covering wireless infrastructure, health IT, digital content, payments, geospatial, telecommunications, agricultural technology, and more. Several global industries like the global IT services provider Fujitsu have chosen New Zealand as a base for their ICT operations.