Reports
Sale
Canada ICT Market Size, Share, Growth, Analysis, Report: By Type: Hardware, Software, IT and Infrastructure Services, Telecommunication Services; By Enterprise Size: Small and Medium Enterprises, Large Enterprises; By Industry Vertical: BFSI, IT and Telecom, Government, Others; Regional Analysis; Competitive Landscape; 2024-2032
Canada ICT Market Size
The Canada ICT market attained a value of around USD 123.39 billion in 2023. The market is projected to grow at a CAGR of 7.9% during 2024-2032, aided by technological advancements and innovations.
| Canada ICT Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 123.39 |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.9% |
| CAGR 2024-2032 - Market by Region | British Columbia | 10.2% |
| CAGR 2024-2032 - Market by Industry Vertical | BFSI | 9.0% |
| CAGR 2024-2032 - Market by Type | Network Switches | 8.7% |
| Market Share by Region 2023 | The Prairies | XX% |
Canada ICT Market Outlook
- Computer services and software constitute 91% of Canada’s overall ICT market.
- In 2020, the contribution of Canada’s ICT sector to its GDP increased by 2.9% y-o-y.
- Canada boasts more than 450,000 companies in the ICT field, with a majority falling within the computer services and software segments.
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.
Canada ICT Industry Segmentation
Canada ICT Market Report and Forecast 2024-2032 provides an in-depth analysis of various market segments mentioned below:
Market Breakup by Type
- Hardware
- Network Switches
- Routers and WLAN
- Servers and Storage
- Others
- Software
- IT and Infrastructure Services
- Telecommunication Services
| CAGR 2024-2032 - Market by | Type |
| Network Switches | 8.7% |
| Routers and WLAN | XX% |
| Servers and Storage | XX% |
| Others | XX% |
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by Industry Vertical
- BFSI
- IT and Telecom
- Government
- Retail and E-Commerce
- Manufacturing
- Energy and Utilities
- Others
| CAGR 2024-2032 - Market by | Industry Vertical |
| BFSI | 9.0% |
| IT and Telecom | 8.5% |
| Government | XX% |
| Retail and E-Commerce | XX% |
| Manufacturing | XX% |
| Others | XX% |
Market Breakup by Region
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
| CAGR 2024-2032 - Market by | Region |
| British Columbia | 10.2% |
| Alberta | 8.7% |
| The Prairies | XX% |
| Central Canada | XX% |
| Atlantic Canada | XX% |
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 2024-2032. 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 2024-2032, growing at a CAGR of 9.0% between 2024 and 2032. 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
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Enterprise Size |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America ICT Market Overview
8.1 Key Industry Highlights
8.2 North America ICT Historical Market (2018-2023)
8.3 North America ICT Market Forecast (2024-2032)
9 Canada ICT Market Overview
9.1 Key Industry Highlights
9.2 Canada ICT Historical Market (2018-2023)
9.3 Canada ICT Market Forecast (2024-2032)
10 Canada ICT Market by Type
10.1 Hardware
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Network Switches
10.1.3.2 Routers and WLAN
10.1.3.3 Servers and Storage
10.1.3.4 Others
10.2 Software
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 IT and Infrastructure Services
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Telecommunication Services
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Canada ICT Market by Enterprise Size
11.1 Small and Medium Enterprises
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Large Enterprises
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Canada ICT Market by Industry Vertical
12.1 BFSI
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 IT and Telecom
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Government
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Retail and E-Commerce
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Manufacturing
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Energy and Utilities
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Canada ICT Market by Region
13.1 British Columbia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Alberta
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 The Prairies
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Central Canada
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Atlantic Canada
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corp.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cisco Systems Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Salesforce Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Apple Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 CGI Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 BCE Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Oracle Corp.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 OpenText Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Constellation Software Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America ICT Market: Key Industry Highlights, 2018 and 2032
2. Canada ICT Market: Key Industry Highlights, 2018 and 2032
3. Canada ICT Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Canada ICT Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Canada ICT Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
6. Canada ICT Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
7. Canada ICT Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
8. Canada ICT Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
9. Canada ICT Historical Market: Breakup by Region (USD Billion), 2018-2023
10. Canada ICT Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. Canada ICT Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 123.39 billion in 2023.
The market is projected to grow at a CAGR of 7.9% between 2024 and 2032.
The different types of ICT in the market include hardware, software, IT and infrastructure services, and telecommunication.
The different sizes of enterprises in the market include small and medium enterprises and large enterprises.
The different industry verticals in the market include BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities, among others.
The different regions covered in the market report are British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
The key market players are IBM Corp., Microsoft Corp., Cisco Systems Inc., Salesforce Inc., Apple Inc., CGI Inc., BCE Inc., Oracle Corp., OpenText Corporation, and Constellation Software Inc., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER