ICT in the Canada: Market Opportunity Forecasts to 2029
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This product provides historical data and forecasts for ICT products and services in Canada
The Canada ICT market was valued at US$ 136.29 billion in 2024 and will grow at a compounded annual growth rate (CAGR) of 13.06% to reach a value of US$ 251.74 billion by 2029. The cumulative revenue generation for ICT providers in Canada is estimated at US$ 1,111.24 billion for 2024-2029. In terms of vertical end-use segments, the energy sector held the highest market share of 7.8% in 2024, followed by the manufacturing sector. The financial markets vertical is expected to be the fastest-growing segment, at an estimated CAGR of 16.19%, during the forecast period.
Scope
This product provides revenue opportunity forecasts for ICT products and services in the Canada from 2020 to 2029, spanning 18 IT Solutions, 128 Products/Services, 27 Verticals and 5 size bands.
Key Highlights
- The ICT market in Canada is expected to grow at a CAGR of 34% over the forecast period.
- The country’s top three product/service categories – IoT Hardware, SaaS and Systems Design and Integration.
- IoT Hardware is expected to be the leading ICT product/service segment in Canada during the forecast period.
Reasons to Buy
Access the current state and 5-year growth of ICT in Canada, along with historic trends, to identify fastest-growing products/services, the most lucrative verticals, and key contributors to future market expansion.
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