Reportstack has announced a new market research publication on IT Market in New Zealand 2014-2018. The following companies are the key players in the IT Market in New Zealand: Datacom Pvt. Ltd., Gen-i Ltd., Hewlett Packard Co., and IBM Corp. “With the high potential of the IT market in New Zealand, angel and venture investors are showing high interest and are investing heavily in this market. In 2012, 42 percent of all their investment deals were made for the IT Software and IT Service sectors. Also, 28 percent of their total investment was in the overall IT sector. This high investment can also be attributed to the consistently good performance of the companies in the IT sector, which are generating high profit margins and high return on equity. ICE Angel Investments, New Zealand Venture Investment Fund, and Angel Links are some of the prominent investors in New Zealand. Some of the prominent investments made by ICE Angels were in LiveLinkConnect Ltd., Mi5 Security Ltd., and Nextspace Ltd. In addition, in 2013, Valar Ventures and Matrix Partners invested US$150 million in Xero Ltd.”
According to the report, the growth of the IT market in New Zealand is driven by several factors, one of which is the increasing need to improve efficiency of business processes. In order to increase operational efficiency and service levels, companies are increasingly adopting IT solutions.
Further, the report states that one of the major challenges in the market is the shortage of skilled workforce. Despite the IT industry offering high wage rates when compared to other sectors, the number of IT students graduating from universities is not matching the requirement of the IT market in New Zealand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/148270/it-market-in-new-zealand-2014-2018.html.
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