The Technological Landscape of New Zealand
The information and communications technologies (ICT) sector in New Zealand is divergent, covering wireless infrastructure, health IT, digital content, payments, geospatial, telecommunications, agricultural technology, and more. Several global industries like the global IT services provider Fujitsu have chosen New Zealand as a base for their ICT operations.
Emerging Sectors of New Zealand
New Zealand has the world's 53rd-largest national economy by nominal GDP and is experiencing promising economic growth across a number of industries. The primary sectors of New Zealand are agricultural-based, with Petroleum and Minerals also amongst the biggest by market capitalization. The agricultural sector is the largest industry in New Zealand. Pastoral farming and horticulture make up most of the agricultural sector. In Northland, beef cattle rearing is widely practiced while dairy farming is the major activity in the wetlands of Taranaki, Northland, Southland, Manawatu, and Waikato. In fact, New Zealand is the producer of 2.2% of the global milk output ranking 8th among the world’s largest milk producers.
In terms of Technology and Information Communications, New Zealand is one of the fastest-growing sectors as its impact is immense and comprehensive in nature. The expenditure in Research and Development is extensive with high tech companies spending an average of 8% of their revenues on R & D Projects. According to IBIS World, online retail, IT security, and sports administration are among some of the growth industries tipped to thrive over the next five years.
New Zealand is also known for its Hospitality and Tourism industries. The tourism and hospitality sectors are big business in New Zealand and currently the second-largest export earner, providing nearly 17.1% of total export revenues.
In summary, the emerging industries that can be found in New Zealand are biotechnology, food and beverage, creative industries, information and communication technology, manufacturing, wood building and interiors, education and consultancy services, tourism, healthcare, and sustainability.