NZ’s growing technology sector worth $23.5 billion

Stuff.co.nz recently reported that consumers switching from landlines to high data mobile and internet plans helped grow New Zealand’s information and technology sector to $23.5 billion in 2014.

Figures from Statistics New Zealand show the information and technology sector has grown 3 per cent since 2012, largely driven by software and information and communication technology (ICT) services.

While sales of ICT goods, excluding software,  fell 4.5 per cent to $8.4b, software sales increased 17 per cent to $1.5b in 2014.

Statistics New Zealand spokesman Jason Attewell said sales in internet access and internet telecommunication services increased 50 per cent since 2012, to reach $2b in 2014.

This increase offset a similar decrease in traditional communication services such as fixed landline connections, he said.

“Sales are increasing and the ways in which phones are being used is changing, with more people on data plans and the data plans being larger,” Attewell said.

Cellphone imports have been steadily increasing from $350 million in 2011 to nearly $600m in 2014.

ICT services exports increased in value by 23 per cent, driving ICT export revenue to $1.7b.

The ICT sector is now worth about 10 per cent of gross domestic product.

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