Software in Canada
Summary
Software in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The software market encompasses applications used for business operations (e.g., ERP, CRM, etc.), as well as infrastructure software that manages IT systems and operations.
- The Canadian software market registered revenues of $24.7 billion in 2023, representing a compound annual growth rate (CAGR) of 8.8% between 2018 and 2023.
- The business process applications segment accounted for the market's largest proportion in 2023, with total revenues of $7.1 billion, equivalent to 28.9% of the market's overall value.
- Canada captured a share of 7.5% of the North American software market, in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the software market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the software market in Canada
- Leading company profiles reveal details of key software market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada software market with five year forecasts by both value and volume
- What was the size of the Canada software market by value in 2023?
- What will be the size of the Canada software market in 2028?
- What factors are affecting the strength of competition in the Canada software market?
- How has the market performed over the last five years?
- Who are the top competitors in Canada's software market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the most recent market developments?
- 8 Company Profiles
- 8.1. Microsoft Corporation
- 8.2. Open Text Corporation
- 8.3. International Business Machines Corporation
- 8.4. Alphabet Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Canada software market value: $ million, 2018–23
- Table 2: Canada software market category segmentation: % share, by value, 2018–2023
- Table 3: Canada software market category segmentation: $ million, 2018-2023
- Table 4: Canada software market geography segmentation: $ million, 2023
- Table 5: Canada software market value forecast: $ million, 2023–28
- Table 6: Microsoft Corporation: key facts
- Table 7: Microsoft Corporation: Annual Financial Ratios
- Table 8: Microsoft Corporation: Key Employees
- Table 9: Microsoft Corporation: Key Employees Continued
- Table 10: Open Text Corporation: key facts
- Table 11: Open Text Corporation: Annual Financial Ratios
- Table 12: Open Text Corporation: Key Employees
- Table 13: Open Text Corporation: Key Employees Continued
- Table 14: International Business Machines Corporation: key facts
- Table 15: International Business Machines Corporation: Annual Financial Ratios
- Table 16: International Business Machines Corporation: Key Employees
- Table 17: International Business Machines Corporation: Key Employees Continued
- Table 18: Alphabet Inc: key facts
- Table 19: Alphabet Inc: Annual Financial Ratios
- Table 20: Alphabet Inc: Key Employees
- Table 21: Canada size of population (million), 2019–23
- Table 22: Canada gdp (constant 2005 prices, $ billion), 2019–23
- Table 23: Canada gdp (current prices, $ billion), 2019–23
- Table 24: Canada inflation, 2019–23
- Table 25: Canada consumer price index (absolute), 2019–23
- Table 26: Canada exchange rate, 2019–23
- List of Figures
- Figure 1: Canada software market value: $ million, 2018–23
- Figure 2: Canada software market category segmentation: $ million, 2018-2023
- Figure 3: Canada software market geography segmentation: % share, by value, 2023
- Figure 4: Canada software market value forecast: $ million, 2023–28
- Figure 5: Forces driving competition in the software market in Canada, 2023
- Figure 6: Drivers of buyer power in the software market in Canada, 2023
- Figure 7: Drivers of supplier power in the software market in Canada, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the software market in Canada, 2023
- Figure 9: Factors influencing the threat of substitutes in the software market in Canada, 2023
- Figure 10: Drivers of degree of rivalry in the software market in Canada, 2023
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