Global / Press Releases
IBISWorld Reveals New Zealands' Jobs Of The Future
by James Thomson
Oct 15 2018

As students across New Zealand prepare for their upcoming NCEA exams, IBISWorld has identified industries that are set to provide strong employment growth over the next five years.

IBISWorld Industry Analyst James Thomson forecasts that the Healthcare, Engineering and Information and Communication Technology Sectors will present solid employment opportunities over the next five years. Within these sectors, the data processing and web hosting services, physiotherapy and specialist medical services, engineering consulting, and computer system design services industries will be among those creating the most new jobs.

Not only are these industries projected to exhibit strong employment growth over the next five years, a number of occupations within these industries feature heavily on New Zealand’s Long Term Skill Shortage List (LTSSL). The LTSSL identifies occupations where there is a sustained and ongoing shortage of highly skilled workers throughout New Zealand.

Industry

Employment 2018-19

Employment 2019-20

Growth %

Annualised growth 2019-24

Data Processing and Web Hosting Services

1,437

1,528

6.3%

3.6%

Physiotherapy Services

2,519

2,609

3.6%

1.9%

Engineering Consulting

22,193

22,936

3.3%

3.1%

Computer System Design Services

34,100

35,000

2.6%

2.9%

Specialist Medical Services

3,642

3,726

2.3%

2.3%


Healthcare

The healthcare sector is anticipated to display robust growth over the next five years. A greater focus on preventive care and the need to care for a large ageing population will boost demand for healthcare workers over the period. Operators in the Physiotherapy Services industry and Specialist Medical Services industry are forecast to be key beneficiaries of these trends, with employment in these industries projected to grow by 3.6% and 2.3%, respectively, in 2019-20.

“An increase in the median age of the population is anticipated to support demand for workers in these industries over the next five years. As the median age rises and people aged over 65 account for a larger share of the population, demand for physiotherapy services will likely increase,” said Mr. Thomson.  

Employment in the Physiotherapy Services industry is projected to rise at an annualised 1.9% over the five years through 2023-24.

“In addition to New Zealand’s ageing population, rising health consciousness is forecast to encourage more New Zealanders to take a proactive approach to maintaining their health over the next five years. Specialist medical practitioners provide an extensive range of services, including orthopaedic, anaesthetic, dermatological, neurological and ophthalmological services. The industry also includes health professionals working as obstetricians, gynaecologists and psychiatrists, all of which feature on the LTSSL,” said Mr. Thomson.  

Employment in the Specialist Medical Services industry is anticipated to increase at an annualised 2.3% over the five years through 2023-24.

Engineering

Operators in the Engineering Consulting industry provide services across a range of disciplines, including civil, mechanical, electrical, marine, mining and hydraulics. Industry firms provide advice, prepare feasibility studies, prepare preliminary and final plans and designs, provide technical services, and inspect and evaluate engineering projects.

“Capital expenditure by the public sector on infrastructure projects is forecast to rise over the next five years, driving demand for a range of engineering consulting services. As a result, industry employment is projected to increase at an annualised 3.1% over the five years through 2023-24,” said Mr. Thomson.

According to the government’s National Infrastructure Unit, approximately $110 billion is anticipated to be spent on a range of infrastructure projects between 2015 and 2025.

“Part of this investment will be used in response to general population growth across key cities. Increased infrastructure investment is forecast to boost industry employment by 3.3% in 2019-20 and be a significant growth driver for the industry, helping alleviate slowing investment in the construction sector. A range of engineering roles also feature on the LTSSL, including civil, materials, chemical and mechanical engineers,” said Mr. Thomson.

Information and communication technology

The information and communication technology (ICT) sector is also anticipated to experience strong employment growth over the next five years. New Zealand businesses are forecast to continue investing heavily in IT infrastructure and improving their online capabilities over the period, boosting demand for ICT professionals. Two key industries set to benefit from this investment are the Data Processing and Web Hosting Services industry and the Computer System Design Services industry, which are projected to exhibit employment growth of 6.3% and 2.6%, respectively, in 2019-20.

The Data Processing and Web Hosting Services industry provides infrastructure used for a variety of IT-related activities, ranging from cloud computing to automated data entry and analytics services.

“Rising internet use has created an abundance of data available for industry clients to analyse, which can be used to study customer spending behaviours and patterns. Many modern businesses are outsourcing IT functions, which has provided industry operators with opportunities to access new markets and revenue streams. These trends will likely boost industry employment, which is forecast to grow at an annualised 3.6% over the five years through 2023-24,” said Mr. Thomson.

The Computer System Design Services industry is anticipated to benefit from rising demand from medium- and large-size firms for a range of IT services over the next five years.

“Specialist computer system services, such as upgrades, maintenance, programming, cyber security and management, are projected to be key revenue drivers for industry operators over the next five years. As a result, industry employment is forecast to increase at an annualised 2.9% over the five years through 2023-24,” said Mr. Thomson.

Stronger demand for specialist computer services, particularly from the finance and government sectors, is anticipated to continue driving sector employment growth over the next five years.

“A shortage of skilled workers for a range of ICT occupations offers opportunities for university graduates entering the jobs market, with roles including web developers, security specialists, network engineers, software developers featuring on the LTSSL,” said Mr. Thomson.

 

IBISWorld Industry Reports used in this release:

 

For more information, to obtain industry reports, or to speak with an analyst, please contact:

McKenna Moroz

IBISWorld Media Relations Representatives – Anne Wild & Associates Pty Ltd
Tel: +61 2 9440 0414
Mobile: 0431 781 445
Email: mmoroz@awaassociates.com.au