Canada ICT Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook (2026-2035)

Canada ICT Market Growth

In 2020, Canada’s ICT field employed 3.7% of its entire workforce (671,109 workers) and contributed 96.8 billion dollars (5.1%) to its GDP. While the sub-sector of communication services contributed over 40% to the industrial GDP, computer services and software contributed 47.6% to the industrial growth. With the anticipated increase in investments in innovative technologies like cloud computing, artificial intelligence, 5G development, and digital infrastructure, budding innovations in the field of ICT are expected to propel the market development in the coming years.

As per the Conference Board of Canada, the ICT market in Canada ranks 11th out of 16 countries in the world with a rating of C. To improve its capabilities, it suggests that entrepreneurs be provided a favourable business environment. This includes appropriate regulation, favourable tax rates, access to capital, reliable supply chains, and transportation and communication infrastructure, among other facilities.

According to the World Economic Forum, automation is expected to create 97 million new jobs worldwide, while replacing just over 85 million livelihoods. In February 2023, the Canadian government announced an investment of $48.3 million towards providing training in ICT technologies to Canadian youth. This is expected to drive the market expansion over the forecast period.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Canada ICT Industry Segmentation

Canada ICT Market Share

Based on industry vertical, the market is divided into retail and e-commerce, IT and telecom, energy and utilities, BFSI, government, and manufacturing, among others. Over the forecast period, the IT and telecom sector is expected to emerge as one of the leading market segments, growing at a CAGR of 8.5% between 2026-2035. This can be attributed to increasing government investments aimed at training the workforce in AI and other emerging technologies.

Meanwhile, the BFSI sector is projected to witness the fastest growth in the forecast period of 2026-2035, growing at a CAGR of 9.0% between 2026 and 2035.  The integration of ICT technologies in the BFSI sector enables banks and financial institutions to conveniently and securely provide services and products to customers.

Leading Companies in the Canada ICT Market

Major telecom companies based in Canada are working towards the expansion of broadband services to offer high-speed internet 24/7 in rural areas, which can foster innovation in the sector and expedite economic growth.

• IBM Corp.

• Microsoft Corp.

• Cisco Systems Inc.

• Salesforce Inc.

• Apple Inc.

• CGI Inc.

• BCE Inc.

• Oracle Corp.

• OpenText Corporation

• Constellation Software Inc.

• Others