Canada It Services Market Size & Outlook, 2023-2030
Canada it services market, 2017-2030 (US$M)
Related Markets
Canada it services market highlights
- The Canada it services market generated a revenue of USD 89,447.8 million in 2023 and is expected to reach USD 183,796.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 89,447.8 million |
| Market revenue in 2030 | USD 183,796.5 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 6.6% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. it services 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 183,796.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada it services 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 it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 55.21% in 2023. Horizon Databook has segmented the Canada it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Canadian businesses are actively embracing digital transformation initiatives. Companies across industries are investing in IT services to modernize their systems, processes, and customer experiences, aiming to stay competitive in the digital age.
The comprehensive use of digital payments, cloud computing, the introduction of advanced technologies such as AI and blockchain technology used in the banking sector, and the rising number of digital wallets are likely to drive the growth of the IT services market in Canada.
In July 2022, Accenture acquired Solvera Solutions, a provider of IT-enabled solution services across Western Canada, to scale its business in Canada. Accenture's continued growth in Alberta, British Columbia, Saskatchewan, and Manitoba will be aided by Solvera Solutions, which offers services to clients in the financial services, public sector, energy and utilities, health, and agriculture sectors.
Reasons to subscribe to Canada it services market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada it services market databook
-
Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada it services market , including forecasts for subscribers. This country databook contains high-level insights into Canada it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada it services market size, by approach, 2017-2030 (US$M)
Canada IT Services Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
