Question 1

What is the long-term growth outlook for the New Zealand IT sector despite the current economic slowdown?

Accepted Answer

The B2B IT market is projected to reach NZ$5.39 billion by FY28, maintaining a strong 11.6% CAGR despite a 2024 GDP growth forecast of just 0.1%. While macroeconomic headwinds have delayed some projects, a significant recovery is expected by FY26 as business digitalisation remains a priority.

Question 2

Which technology segments are driving the most significant revenue growth?

Accepted Answer

Cloud computing is the primary engine of the market, forecast to reach NZ$4.06 billion by FY28 with a 13.6% CAGR. Cybersecurity spending also shows high resilience, with a projected 7.6% CAGR that will bring the total segment value to NZ$915 million.

Question 3

How is the shift toward cloud-based communications impacting legacy hardware providers?

Accepted Answer

The UC&CC market is undergoing a structural transition where cloud and hosted solutions are growing at 8.4% annually. This shift is directly cannibalizing legacy infrastructure, with premise-based solutions forecast to decline by 10.3% per year through FY28.

Question 4

Which customer segments offer the largest immediate opportunities for IT service providers?

Accepted Answer

Large enterprises are the dominant buyers, accounting for 65% of the cybersecurity market and 58% of the cloud market. Service providers should focus their high-touch professional services on this segment to capture the bulk of the NZ$5.39 billion total market opportunity.

New Zealand B2B IT Forecast and Outlook 2024

Abstract

Key Takeaways

Frequently Asked Questions

Abstract

Key Takeaways

Frequently Asked Questions

Unlock the full report

Free

Lite

Team