Just Published: "Canada Information Technology Report Q3 2016"
New Computer Technology market report from Business Monitor International: "Canada Information Technology Report Q3 2016"
[ClickPress, Wed Jul 20 2016] We forecast IT spe nding in Canada will increase at a CAGR of 3.8% over 2016-2020 to reach a total market value of CAD 74.1 bn . We expect the market to strengthen as Canadian economic growth picks up from 2017 , and highlight the potential of the software and services segments where enterprise demand for the latest software and services including real-time enterprise software and services, big data analytics and cloud computing will outperform . Although the hardware segment has limited growth prospects it should be noted that Canada is a highly lucrative market due to high per capita incomes and a consumer preference for premium devices.
Latest Updates & Industry Developments
Hardware Sales: CAD21.2bn in 2016, forecast to reach CAD23.3bn in 2020. PC market maturity and squeeze on enterprise infrastructure spending as cloud adoptions increase means growth potential is limited.
Full Report Details at
Software Sales: CAD13.8bn in 2016, forecast to reach CAD16.5bn in 2020. Data analytics software is expected to be an area of outperformance, which will generate high value sales opportunities for vendors.
IT Services Sales: CAD28.9bn in 2016, forecast to reach CAD34.3bn in 2020. Cloud computing and Internet of Things services adoption by Canadian enterprises is expected to drive medium-term outperformance.
The Canada Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Canada Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Canada.
Benchmark BMI's independent IT Industry forecasts for Canada to test other views - a key input for successful budgetary and strategic business planning in the Canadian IT market.
Target business opportunities and risks in Canada's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Canada.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
BMI Industry View
Summary of BMI’s key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
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