Canada ICT Market Report is Segmented by Type (IT Hardware [Computer Hardware, and More], IT Software, IT Services [Managed Service, and More], IT Infrastructure, and More), End-User Enterprise Size (Small and Medium Enterprise, Large Enterprises), End-User Industry (BFSI, IT and Telecom, and More), and Deployment Mode (On-Premise, Cloud). The Market Forecasts are Provided in Terms of Value (USD).

The information and communications technologies (ICT) industry in Canada has been incrementally growing from 2007 to 2023. In 2023, ICT sector revenues in Canada peaked at *** billion Canadian dollars.

The Canada ICT market attained a value of around USD 123.39 Billion in 2024. The market is projected to grow at a CAGR of 7.90% during 2025-2034, aided by technological advancements and innovations.

The Canada ICT report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

The operating revenue of pay television in Canada decreased by 42 million dollars (-9.07 percent) in 2023 in comparison to the previous year. As a result, the operating revenue in Canada saw its lowest number in 2023 with 420.94 million dollars.

The Canadian ICT market, encompassing hardware, software, IT services, and telecommunication services, exhibits robust growth, projected to reach a substantial size by 2033. A Compound Annual Growth Rate (CAGR) of 7.00% from 2025 to 2033 indicates a consistently expanding market driven by several key factors. Increased digital adoption across diverse industry verticals like BFSI, IT & Telecom, Government, and Retail & E-commerce fuels this expansion. The rising demand for cloud computing, cybersecurity solutions, and data analytics further propels market growth. Large enterprises are significant contributors, leveraging ICT solutions to improve operational efficiency and gain a competitive edge. However, the market faces challenges such as cybersecurity threats and the need for skilled professionals. This necessitates strategic investments in workforce development and robust security measures. The segmentation by enterprise size (SMEs and large enterprises) and industry vertical offers nuanced insights into market dynamics, enabling targeted strategies for various stakeholders. Competitive landscape analysis reveals the presence of both global giants like Amazon, Salesforce, and Cisco, and domestic players like Rogers, BCE, and Telus, highlighting a mix of international and local influence. The forecast period (2025-2033) presents promising opportunities for businesses in the Canadian ICT sector. Growth is expected to be particularly strong in segments like cloud services and data analytics, driven by increasing data generation and the need for real-time insights. Government initiatives promoting digital transformation will also act as a catalyst. However, maintaining a competitive edge requires constant innovation, adaptation to evolving technologies, and strategic partnerships to effectively cater to the specific needs of different industry verticals. Addressing the talent gap and strengthening cybersecurity posture are crucial for sustained market growth. This necessitates both public and private sector collaboration to build a thriving and secure ICT ecosystem. Recent developments include: In October 2023, CyberCatch Holdings, Inc. launched a cutting-edge compliance assessment solution, the Digital Standards Manager, designed to help organizations effectively manage and implement digital technology governance standards. This latest product launch expands on the partnership with Canada's Digital Governance Council. It provides organizations with a comprehensive online tool for evaluating, monitoring and ensuring compliance with standards published by the Council's Digital Governance Standards Institute., In July 2023, Alletec, a Microsoft Business Applications and Azure partner, is strengthening its Canadian operations by partnering with Frux Technologies. This powerful synergy combines Alletec's deep expertise in Consulting and solutions with Microsoft Business Applications & Azure for Digital Transformation. This partnership will tremendously benefit the Canadian businesses looking to leverage the Microsoft stack of Dynamics 365 Applications, Power Platform, Microsoft 365 and the Azure Cloud for Business Applications, Cloud enablement, Modern Workplace, Collaboration, Data Analytics, and AI to succeed with their digital transformation initiatives.. Key drivers for this market are: Consistent Digital Transformation Initiatives, Robust Spending on Hardware and Software Services. Potential restraints include: Consistent Digital Transformation Initiatives, Robust Spending on Hardware and Software Services. Notable trends are: 5G Application at the Peak.

Forecast: Employment in ICT Sector in Canada 2023 - 2027 Discover more data with ReportLinker!

Forecast: Number of Patents in the ICT Sector in Canada 2023 - 2027 Discover more data with ReportLinker!

In 2020, Canada's ICT sector's GDP contribution grew by 2.4 percent. Notably, ICT manufacturing shrunk by almost 13 percent.

Forecast: Employment in ICT Sector in Canada 2022 - 2026 Discover more data with ReportLinker!

Canada's ICT Spends in Retail Banking Sector – Future Perspective to 2019; report is a comprehensive outlook built using Kable’s extensive market research covering spends across ICT market in Canada. The statistics within the report provides a top-level overview and detailed insights into the operating environment of the Technology and Retail Banking sector in Canada. Kable has considered buying behaviour / ICT spends across hardware, software, services, communications and staff to build this comprehensive outlook. It acts as an essential tool for companies active across the ICT market and for new players considering entering the market; ensuring right business decision making. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

In 2020, the GDP of British Columbia's ICT sector grew by 5.6 percent.

Digital technology and Internet use, main benefits of Information and Communication Technology (ICT) use, by North American Industry Classification System (NAICS) and size of enterprise for Canada in 2012.

Percentage of enterprises that use Information and Communication Technologies (ICT) by the North American Industry Classification System (NAICS) and size of enterprise. ICT consists of the hardware, software, networks and media for the collection, storage, processing, transmission and presentation of information (voice, data, text, images), as well as related services.

Percentage of enterprises for which specific reasons for bringing information and communication technology (ICT) services activities to Canada were not at all important, somewhat important, important or very important, by North American Industry Classification System (NAICS) code and enterprise size, based on a three-year observation period. Reasons for bringing business activities to Canada include cost savings from locating abroad did not materialize (lower operating costs), labour costs abroad have risen (lower labour costs in Canada), better quality of labour or resources in Canada, lower Canadian dollar, consolidating number of suppliers, tax or other financial incentives, concerns about intellectual property, proximity to customers or other logistical issues, and other reasons related to information and communication technology (ICT) services.

Key information about Canada Exports: ICT Goods

• Canada Exports: ICT Goods was reported at 8,150,892.369 USD th in Dec 2022
• This records an increase from the previous number of 7,402,816.349 USD th for Dec 2021
• Canada Exports: ICT Goods data is updated yearly, averaging 10,163,172.590 USD th from Dec 2000 to 2022, with 23 observations
• The data reached an all-time high of 20,956,560.870 USD th in 2000 and a record low of 6,669,682.108 USD th in 2020
• Canada Exports: ICT Goods data remains active status in CEIC and is reported by United Nations Conference on Trade and Development
• The data is categorized under World Trend Plus’s Association: Electronic Sector – Table RF.UNCTAD.ICT: ICT Goods: Total: Export Value

In 2023, there were over ** thousand companies in the information and communications technology sector in Canada. The large majority of these companies were within the software and computer services industries.

In Canada Video Analytics Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

In 2021, the information and communications technology sector employed over 717 people in Canada. This constitutes a growth of 5.7 percent compared to 2020.

In the second quarter of 2021, there were ******* women working in Canada's information and communication technology (ICT) sector. At the same time, unemployment rate for women in ICT professions stood at *** percent.