IT Consulting in Canada - Industry Market Research Report

IT Consulting in Canada - Industry Market Research Report

IT Consulting in Canada

The IT Consulting industry in Canada is composed of companies that help private businesses and public sector agencies design, implement and manage information technology (IT) systems. Demand for industry services is positively affected by growth in corporate profit and business sentiment. As these drivers strengthen, companies increase expenditure on industry services. There has been a significant degree of technological change due to the increasing prevalence of cloud-based services, mobile apps and other cutting-edge software. These technological changes have been a significant driver of growth in the industry, while also responsible for declining industry-relevant revenue among larger operators. The industry managed to weather the COVID-19 pandemic during the latter half of the period, benefiting from the strong economic recovery in 2021 as disruptions eased. Overall, industry revenue is projected to grow at a CAGR of 5.3% to $91.6 billion over the five years to 2023, including a decrease of 0.9% in 2023 alone as economic growth slows.

The IT Consulting industry in Canada provides the services to client companies such as writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers, transaction processing software, off-site data processing and cloud hosting services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."