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NZ tech spending to grow by 5.7% to $13.8B
Device market growth rate doubles. Credit: Dreamstime
New Zealand’s IT and technology market is set to grow by 5.7 per cent in 2021, hitting a total of $13.2 billion.
The growth rate marks a sharp rise on that of 2020, whereby spending only grew by 1.1 per cent, according to Gartner figures. The growth rate is then expected to flatline at 5.7 per cent in 2022.
Communication services and IT services will collectively maintain the bulk of the market at $4.1 billion each, growing at a rate of 1.2 per cent and 5.6 per cent, respectively.
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