Canada Generative Ai Market Size & Outlook, 2024-2030
Canada generative ai market, 2017-2030 (US$M)
Related Markets
Canada generative ai market highlights
- The Canada generative ai market generated a revenue of USD 1,519.2 million in 2024 and is expected to reach USD 10,277.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 31.2% from 2025 to 2030.
- In terms of segment, software was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Generative ai market data book summary
| Market revenue in 2024 | USD 1,519.2 million |
| Market revenue in 2030 | USD 10,277.9 million |
| Growth rate | 31.2% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Ai Holdings Corp, Amazon.com Inc, International Business Machines Corp, Alphabet Inc Class A, Microsoft Corp, Adobe Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 9.0% of the global generative ai market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. generative ai market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10,277.9 million by 2030.
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Generative AI Market Scope
Generative AI Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada generative ai 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 generative ai market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 62.3% in 2024. Horizon Databook has segmented the Canada generative ai market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Canadian companies are developing NLP-powered machine translation technology that can translate text and speech from one language to another, making it easier for people to communicate across language barriers. This factor is propelling the segment growth in this region.
Prominent development of generative AI in Canada is augmenting the market growth in Canada. For instance, in March 2023, Deloitte Canada unveiled its first Lab Program of Generative AI. Businesses will benefit from the program's immersion as they abstract and debunk generative AI.
Organizations will gain insights into how they can efficiently hitch the potential of this groundbreaking technology to report their most pressing business challenges over the Deloitte Lab Program of Generative AI. The team at Deloitte utilizes the lab to interpret generative AI, discover the aids and risks, and recognize high-impact use cases that are aligned with signature business challenges.
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Our clientele includes a mix of generative ai 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 generative ai market , including forecasts for subscribers. This country databook contains high-level insights into Canada generative ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada generative ai market size, by component, 2017-2030 (US$M)
Canada Generative AI Market Outlook Share, 2024 & 2030 (US$M)
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