Venture Insights - FORECAST: New Zealand B2B IT Forecast and Outlook 2024

FORECAST: New Zealand B2B IT Forecast and Outlook 2024

Abstract: The “New Zealand B2B IT Forecast and Outlook 2024” report examines the growth and key drivers of the New Zealand IT market, comprising unified communications and contact centres (UC&CC), cloud services, and cybersecurity. The report identifies business digitalisation, the shift to off-premises cloud services, and government policies as primary growth catalysts. Despite a revised GDP growth forecast suggesting slower IT growth in FY24 and early FY25, the report anticipates recovery by FY26. We expect 13.6% revenue CAGR in cloud computing, 3.2% CAGR in UC&CC, and 7.6% CAGR in cybersecurity to FY28.