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The Importance of NZ’s Technology sector – a perspective from NZICT

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The Importance of NZ’s Technology sector – a perspective from NZICT

  1. 1. The Importance of the NZ Technology Sector Candace Kinser Chief Executive Officer NZICT Group Gen-i FWD_Live Programme
  2. 2. Our insatiable appetite for software• By the end of 2013, the global software market will be over US$450B (up 50.5% in just 5 yrs, from 2008)• USA currently has 43% of the global software market value• Australia has nearly 7%• NZ has less than 1% of the global software market• General business productivity software = highest growth• Software consumption will more than double in the next 5 years, with mobile apps leading the way
  3. 3. PC to Cloud – Enterprise to “me” 3
  4. 4. The Connected World• In 2012, over 2 billion people (33% of the world’s population) connected to the Internet• Highest growth areas for mobile uptake and purchasing via a mobile device: Africa, Middle East and Latin America• ICT underpins the world economy, social development and cultural change like no other industry• Asia will have a larger middle class in the next 5 years than the rest of the world combined.
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  8. 8. Technology in New Zealand• ICT attracts $2b of Government procurement, which is 7% of all procurement expenditure ($30b annually)• The ICT sector is worth more than $23b a year in NZ and employs 40,000 people ($3b increase from 2010 – 2012)• 34 ICT companies with revenue over $50m in 2012, and 18 with over $100m.• The tech sector has the scalability and potential to be the #1 industry for GDP contribution by 2017. 8
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  11. 11. People reach their goals because of what they do, not who they are. Companies are no different. 11