Canada ICT Market is Segmented By Type (Hardware, Software, IT Services, and Telecommunication Services), by the Size of the Enterprise (Small and Medium Enterprise and Large Enterprises), and by Industry Vertical (BFSI, IT and Telecom, Government, Retail and E-commerce, Manufacturing, and Energy and Utilities). The report provides the market sizes and forecasts in terms of value in 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 270 billion Canadian dollars.

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

In 2023, there were over 43 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.

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

Digital technology and Internet use, type of Information and Communication Technology (ICT) use, by North American Industry Classification System (NAICS), size of enterprise and Communication Technology (ICT) use for Canada from 2012 to 2013.

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.

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.

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

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.

The graph shows the contribution of the ICT sector to the Canadian GDP from 2007 to 2021. The ICT sector contributed with over 100 billion Canadian dollars to Canadian GDP in 2021 - the largest contribution to Canadian GDP over the time period examined.

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.

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.

In 2020, Ontario's ICT sector output came to 43.5 billion Canadian dollars, making its ICT sector more than twice as large as the second largest ICT province, Quebec.

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

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.

Canada CA: Number of Patent Applications Filed under The PCT: ICT Sector: Priority Year data was reported at 948.659 Number in 2021. This records a decrease from the previous number of 996.828 Number for 2020. Canada CA: Number of Patent Applications Filed under The PCT: ICT Sector: Priority Year data is updated yearly, averaging 586.735 Number from Dec 1981 (Median) to 2021, with 41 observations. The data reached an all-time high of 1,009.807 Number in 2012 and a record low of 0.500 Number in 1983. Canada CA: Number of Patent Applications Filed under The PCT: ICT Sector: Priority Year data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.MSTI: Number of Patents Applications: OECD Member: Annual.

In Canada, new sampling method (weighted sample survey supplemented by administrative tax data) and conceptual changes in the business R&D survey caused a break in series in 2014. From 2012 the coefficients used for estimating R&D expenditure in the Higher Education sector have been revised, as well as the distribution of HERD between funds directly from government for R&D, GUF, and from institutions’ own funds. From 2010, the federal government R&D expenditures are better measured. From 1988, the estimated values for R&D in hospitals not covered by university reports are included in the R&D expenditure of the higher education sector (not previously included).

Beginning 2017, NABS 2007 was used and correlated with the new Canadian Research and Development Classification (CRDC) system of classification at Statistics Canada. With the new methodology, SEO 12 and 13 (General advancement of knowledge) were removed from the survey and departments re-allocated the funds among the other SEOs. From 1989, non-federal sources are no longer excluded from GUF in GBARD.

Survey of digital technology and Internet use, by enterprises identifying Information and Communications Technology (ICT) security practices, North American Industry Classification System (NAICS) and size of enterprise for Canada in 2013.

Small companies (under ten employees) made up most of the overall 45 thousand ICT companies in Canada in 2021, as 85 percent of Canadian ICT companies were of that size. Only 1.7 percent of ICT companies had more than 100 employees in Canada.

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