New Zealand IT, Telecom industry

 

New Zealand Gaint companies, IT Geeks, Deciosn makers, always make delays, in decision making, which impact Nz growth (SaaS) domain, Microsoft eagle eyes key managers, projecting, 31B $ growth and 104K new jobs in this sector. 

New Zealand is one of the few countries in Asia/Pacific where public cloud adoption has matured from discrete software-as-a-service (SaaS)-based solutions, such as disaster recovery/backup services, to more advanced use cases to drive digital transformation and innovation. This broad-based public cloud adoption is beneficial for cloud adopters, but it also has valuable ripple effects, creating employment opportunities as well as growth for the economy. In this paper, IDC has identified the predominant economic impacts of public cloud adoption in New Zealand.

The majority (if not all) of digital transformation initiatives are dependent on the cloud for scale, access to key technologies (e.g., AI services), and access to digital supply networks and distribution networks. As public cloud services become the most prolific sources of innovation in the tech world, it is imperative that organizations have the resources to leverage the capabilities of the public cloud to innovate and remain competitive. As a result, an increasing number of developers are flocking to the public cloud as they envision and build the next generation of technology-based business and consumer products and services.

The economic impact of cloud in New Zealand is not just about new revenue but also the jobs generated by that revenue and how that revenue is put to work. IDC estimates that the public cloud will continue to help drive new employment, adding 102,000 jobs to the New Zealand economy over the next four years. Approximately 18,500 of these new jobs will be skilled IT jobs. These employment estimates reflect the changing demand for employees based on the work required to transition to and operate cloud-focused IT organizations. Many of those IT-related jobs require specialized training or certifications, but there are also jobs created in customer organizations to create and support new products and services as well as handle increased customer interactions.

Most organizations expect cloud spending to continue to increase, with the COVID-19 pandemic cited as one of the major reasons for increases in spending. The global pandemic has become an ongoing catalyst for new business models based on digital services and products – and it is cloud computing that enables this transition. Of all the cloud models in customers' IT budgets, SaaS comes out on top in terms of how COVID-19 affects spending increases.

estimates spending on public cloud services in New Zealand will almost double in size and grow from NZD1.7 billion in 2020 to NZD3.5 billion in 2024 with a five-year