Market Insights Technology Cybersecurity Security Services

Professional Services - New Zealand

New Zealand

The market segment Professional Services market in New Zealand is expected to witness a significant growth in revenue in the coming years.
According to projections, the revenue is projected to reach US$216.90m in 2025.
This indicates a positive trend in the market's performance.
Furthermore, it is anticipated that the revenue in the Professional Services market will continue to grow steadily.
With an estimated annual growth rate (CAGR 2025-2029) of 5.21%, the market volume is projected to reach US$265.80m by 2029.
This demonstrates the potential for sustained expansion in the industry.
When considering the average Spend per Employee in the Professional Services market, it is expected to reach US$72.36 in 2025.
This metric provides insights into the financial investment made per employee in the sector.
In a global context, it is noteworthy that United States is expected to generate the highest revenue in the Professional Services market.
Projections indicate that the revenue United States will reach US$36,500.0m in 2025.
This highlights the dominant position of the United States in this market segment.
Overall, the Professional Services market in New Zealand is poised for growth, with positive revenue projections and a favorable outlook for future expansion.
The professional services market in New Zealand is experiencing a surge in demand for virtual consulting and remote collaboration solutions.

Key regions: India, Chile, Spain, Saudi Arabia, Belgium

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Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.