Information and communication technology (ICT) refers to the industry of software, hardware, services, and telecommunications that facilitate the access, storage, and transfer of data between users and systems. Although the global ICT industry slightly stagnated in 2020 due to the COVID-19 pandemic, ICT spending picked up quickly afterwards, with spending projected to reach approximately 5.5 trillion U.S. dollars in 2021. Notably, while Canada represents a relatively small portion of this global market, the country itself is home to a vibrant and diverse ICT sector that has grown to become one of the major national drivers of innovation and economic growth.
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Justina Alexandra Sava
Research expert covering the IT security & services market