New Zealand Cloud Computing Market | Analysis 2019-2031

NEW ZEALAND CLOUD COMPUTING INDUSTRY SNAPSHOT

• In 2024, the New Zealand cloud computing market is expected to achieve a market value of US$ 2.74 billion.
• This market in New Zealand is projected to register a compound annual growth rate (CAGR) of 8.81% from 2023 to 2031, resulting in a forecasted market value of US$ 4.95 billion by the end of 2031.
• When analyzed at a segmental level, in the New Zealand cloud computing market, Software as a Service (SaaS) segment is expected to generate the highest revenue in 2024.
• In the New Zealand cloud computing market, the largest end user sector will be IT and Telecom, with a total market value of US$ 1.02 billion in 2024.
• Major players in New Zealand cloud computing market have adopted a range of strategic approaches, incorporating mergers and acquisitions, collaborations, and regional expansions. For instance, in January 2024, Evergreen Services Group acquired the business and assets of Lancom Technology, a leading provider of technology, software development & cloud computing services based in Auckland, New Zealand. The acquisition will extend Evergreen Services Group's resources and capabilities to help clients in New Zealand.
• In addition, in November 2023, Accenture entered the New Zealand market with the Solnet acquisition, an IT services provider renowned for its extensive technology consulting expertise, particularly within the New Zealand government and various private sectors. Through this acquisition, the company aims to expand Cloud First's capabilities in Aotearoa, New Zealand.

NEW ZEALAND CLOUD COMPUTING MARKET COVERAGE