Canada Artificial Intelligence Market Size & Outlook
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Canada artificial intelligence market highlights
- The Canada artificial intelligence market generated a revenue of USD 40,866.6 million in 2025 and is expected to reach USD 362,886.4 million by 2033.
- The Canada market is expected to grow at a CAGR of 30.1% from 2026 to 2033.
- In terms of segment, services was the largest revenue generating solution in 2025.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Artificial intelligence market data book summary
| Market revenue in 2025 | USD 40,866.6 million |
| Market revenue in 2033 | USD 362,886.4 million |
| Growth rate | 30.1% (CAGR from 2026 to 2033) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 10.5% of the global artificial intelligence market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. artificial intelligence market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 180,057.8 million by 2033.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AiCure | View profile | 101-250 | New York, New York, United States, North America | http://www.aicure.com |
| Baidu Inc ADR | View profile | 45500 | No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, China, People's Republic of, 100085 | https://ir.baidu.com |
| Advanced Micro Devices Inc | View profile | 26000 | 2485 Augustine Drive, Santa Clara, CA, United States, 95054 | https://www.amd.com |
| ARM Holdings PLC ADR | View profile | 7096 | 110 Fulbourn Road, Cambridge, United Kingdom, CB1 9NJ | https://www.arm.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| NVIDIA Corp | View profile | 29600 | 2788 San Tomas Expressway, Santa Clara, CA, United States, 95051 | https://www.nvidia.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
Canada artificial intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 54.9% in 2025. Horizon Databook has segmented the Canada artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2021 to 2033.
The Canadian government has taken proactive steps to support AI initiatives in the country. The Pan Canadian Artificial Intelligence Strategy is one of the main initiatives and has been instrumental in advancing AI research and development. Through this strategy, the Canadian government has provided significant funding and established policy frameworks to promote AI innovation and growth.
Numerous renowned universities and research centers for artificial intelligence (AI) are in Canada. These institutions have contributed to groundbreaking discoveries and the development of advanced AI technologies. Vector Institute for Artificial Intelligence, Mila - Quebec Artificial Intelligence Institute, University of Toronto are just a few examples of the numerous AI research institutions.
Machine learning innovation in Canada is witnessing significant growth. The country continues to be a hotspot for AI research and development, making valuable contributions to advancing machine learning technologies, algorithms, and applications on the world stage.
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Our clientele includes a mix of artificial intelligence market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into Canada artificial intelligence market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada artificial intelligence market size, by solution, 2021-2033 (US$M)
Canada Artificial Intelligence Market Outlook Share, 2025 & 2033 (US$M)
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