Question 1

What is the total scale and growth trajectory of the New Zealand ICT market?

Accepted Answer

The market is projected to reach $4.9 billion by FY27, expanding at a 13.3% CAGR. This growth is primarily fueled by the cloud segment, which is expected to hit $3.7 billion by the end of the forecast period.

Question 2

Which specific cloud technologies are seeing the most aggressive adoption?

Accepted Answer

Platform-as-a-Service (PaaS) is the fastest-growing sub-sector with a 27.9% CAGR through FY27. While Software-as-a-Service (SaaS) remains the largest segment by total value, the overall cloud market is growing at a 15.9% CAGR.

Question 3

Is the shift toward hybrid work still impacting communication spend?

Accepted Answer

Yes, legacy premise-based unified communications are declining at 12.5% annually as businesses transition to cloud-hosted tools. This migration is a core component of the broader digital transformation trend driving the $4.9 billion market valuation.

Question 4

How significant is the demand for cybersecurity services?

Accepted Answer

Cybersecurity spend is accelerating toward an $823 million valuation by FY27. Large enterprises currently dominate this space, accounting for 65% of total cybersecurity market share as of FY23.

Question 5

Which industry verticals offer the highest growth potential for service providers?

Accepted Answer

The Professional and Technical services sector is the largest current vertical, spending $449 million in FY23. However, the Mining sector offers the most rapid expansion opportunity with an 18.0% CAGR forecast through FY27.

NZ ICT Forecast and Outlook

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