Global State of the Market Report
In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 9,500 professionals on Advisory Boards in New Zealand and has projected a 127% growth for the market in New Zealand.
New Zealand’s Advisory Board Landscape
Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in New Zealand. As an emerging sector, Advisory Board professionals may have opportunities in key sectors, including high-value manufacturing, information and communications technology, and tourism – and are encouraged to stay open-minded to start-up and emerging industries.
There is a growing opportunity for professionals to increase participation in New Zealand, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.
Future Growth Opportunities
With a strong small business sector, Advisory Boards will play a critical role in supporting the growth of the business mid-market in New Zealand. Given the size of the professional services sector, firms and dedicated professionals appear poised to drive this value in the market.