IT Services - Canada

  • Canada
  • Revenue in the IT Services market is projected to reach US$30.17bn in 2024.
  • IT Outsourcing dominates the market with a projected market volume of US$11.45bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.31%, resulting in a market volume of US$38.53bn by 2028.
  • The average Spend per Employee in the IT Services market is projected to reach US$1,431.00 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$495.30bn in 2024).

Key regions: United States, China, India, Japan, Germany

Region comparison

Analyst Opinion

The Canadian IT Services market has seen significant development in recent years, driven by a variety of factors.

Customer preferences:
Canadian customers are increasingly seeking out IT services that offer a high degree of customization and flexibility. This is particularly true in the business sector, where companies are looking for tailored solutions that can help them stay competitive in a rapidly changing marketplace. Additionally, there is a growing demand for IT services that are focused on data privacy and security, as Canadian consumers become more aware of the risks associated with online activities.

Trends in the market:
One of the key trends in the Canadian IT Services market is the rise of cloud computing. Many Canadian businesses are looking to move their operations to the cloud in order to take advantage of the cost savings and flexibility that this technology provides. Another trend is the increasing use of artificial intelligence and machine learning, which are being employed by companies in a range of industries to improve efficiency and gain a competitive edge.

Local special circumstances:
Canada's IT Services market is heavily influenced by the country's unique cultural and political landscape. For example, there is a strong emphasis on bilingualism in Canada, which means that many IT services need to be available in both English and French in order to be successful. Additionally, the country's strict data privacy laws mean that IT service providers need to be particularly careful when handling sensitive information.

Underlying macroeconomic factors:
Several macroeconomic factors are driving the development of the Canadian IT Services market. One of the most important is the country's strong economic growth, which has led to increased investment in technology and a greater demand for IT services. Additionally, Canada's highly educated workforce and supportive government policies have helped to create a favorable environment for IT companies to thrive. Finally, the country's close proximity to the United States, which is home to many of the world's largest technology companies, has helped to attract investment and talent to Canada's IT sector.


Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.


  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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