IT Consulting in Canada - Industry Market Research Report

IT Consulting in Canada - Industry Market Research Report

  • November 2021 •
  • 39 pages •
  • Report ID: 4248844 •
  • Format: PDF
Software update: Strong demand and low barriers to entry will likely continue to attract new entrants

Abstract

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 corporate profit and business sentiment. As these drivers strengthen, companies increase expenditure on industry services. However, since corporate profit levels decreased in recent years, demand for industry services were hindered. Over the five years to 2019, there has been a significant degree of technological change due to the increasing prevalence of cloud-based services, mobile application and other cutting-edge software. These technological changes have been a significant driver of growth in the industry. Increasing private investment in computer and networking infrastructure will be the key economic factor driving industry performance over the five years to 2024.The professional services sector will help sustain demand for industry services as companies incorporate newer technologies to gain a leg up on the competition and increase operating efficiency.

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.
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