Menu
​$9 billion and counting as NZ tech exports shift up a gear

​$9 billion and counting as NZ tech exports shift up a gear

“Whilst technology exports aren’t about to knock dairy exports off its perch just yet; watch this space.”

New Zealand’s technology export sector has shifted up a gear with record growth of $609 million (7.3 percent) to combined revenues of nearly $9 billion for the 200 companies listed in the 2015 TIN100 Report.

Findings report that strong growth was seen in all major export markets, across all major industry sectors and translated to growth for the tech economy across all regions of New Zealand.

These are some of the key findings of the eleventh annual TIN100 Report, an analysis of the performance of the top 200 New Zealand-founded high-tech companies which monitors the performance of exporters in the areas of Information and Communication Technology, high-tech manufacturing and biotechnology.

“Although macroeconomic factors played a significant part in the performance, much of the success can be attributed to the hard work and ambition of the companies themselves,” says Greg Shanahan, Managing Director, TIN.

“There is a very sophisticated ecosystem operating in New Zealand now with companies conscious of what the key success drivers are, and eager to pioneer best practises to achieve market leadership.”

Shanahan says the increasing strength of the sector can be witnessed in its broad based global performances with continuing growth in New Zealand and the US to be expected.

That said, Shanahan was quick to point out that TIN100 companies grew strongly in the Australian and European markets also with exports rising by 7.5 percent to $6.5 billion.

During 2014/15, TIN100 companies increased their combined revenue by 7.5 percent to $8.2 billion with export revenues increasing by 7.5 percent to $6.05 billion.

Shanahan says the next 100 companies ranked by revenue grew by 5.6 percent to $754 million with exports of $492 million, up 8.2 percent.

“A highlight of the TIN100 Report was the dramatic growth of companies in the Financial Services Technology Sector, the fastest growing sector in both percent and dollar terms,” Shanahan adds.

According to Shanahan, 11 companies grew revenues by $129 million (58 percent) while six of the twenty high growth companies in the EY Ten companies to Watch and ASB Hot Emerging Companies announced in September were Financial Services Technology companies.

“These companies demonstrate the rapid scalability and growth possible with Software-as-a-Service (SaaS) and cloud-based solutions,” Shanahan adds.

“New funding opportunities, investment in innovation, scalable business models and compelling company cultures that attract talent, are forming a potent mix that should see continuing growth for the foreseeable future.”

Shanahan says there were 13 public listings for TIN200 companies since 2013, more than the previous 10 years.

The capital available from new and established publicly listed companies; and the rise in US investment; has enabled companies to pursue high growth strategies with heavy increases in R&D and Sales and Marketing spend - total R&D spend by TIN200 companies is approaching $1 billion.

For Shanahan, all of this means more jobs with employee numbers growing by 2,410, to over 37,000 staff.

“Whilst technology exports aren’t about to knock dairy exports off its perch just yet; watch this space,” Shanahan adds.



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags TIN100 Report

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments