Photo: befunky.com
A new report finds the cloud software sector is taking on some of the country's biggest export earners in terms of value to the economy.
Also known as Software as a Service - or SaaS - the report suggests it earned $3.6 billion dollars in revenue last year.
This compares with $ 2.8b earned by the wine industry and $900m for the gaming industry.
Some of the best known cloud software businesses in New Zealand include accounting firms, Xero and Hnry; online giving platform Pushpay and leading geoscience software business Seequent.
Seequent has an estimated revenue of more than $240m. It was sold to the global infrastructure engineering software company Bentley Systems, in 2021 for $1.4b.
Kathryn speaks with Chief Executive of Seequent Graham Grant, who says New Zealand has the potential to become a global SaaS powerhouse; and author of the 2024 Insights from the Cloud report, Bruce Jarvis.
