New Zealand ICT Sector Report – July 2013

New Zealand ICT Sector Report - July 2013Firms in New Zealand ‘s information and communications technology (ICT) sector are pouring money into both expansion and research and development, according to a major report. Attracting highly-skilled graduates remains a persistent problem for the industry though.

The Government released the Information and Communications Technology Report, which looks at the health of ICT manufacturing, telecommunications, and information technology services.Qld Govt IT 5 Year Strategy July 2013

It shows that a third of all firms undertook research and development last year – four times the average in other sectors – at an average spend of $1.1 million.

Nearly half of companies in the sector invested in expansion, which was almost twice the national average. Economic Development Minister Steven Joyce said the ICT sector contributed 5 per cent of the country’s GDP.

One of the sub-sectors, IT services, had achieved export growth of 10 per cent per annum since 2002. One of the biggest challenges facing the sector was the international shortage of highly skilled IT professionals.

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