Forecast: Computer Systems Design and Related Services Revenue in Canada

Computer Systems Design and Related Services revenue in Canada has shown strong growth over the past decade. Starting from a value of $40.12 billion CAD in 2013, it has steadily increased, reaching $99.66 billion CAD in 2023. The year-on-year growth rates indicate some fluctuation, with notable peaks such as a 16.64% increase in 2021 and a steady growth rate of around 9-10% in recent years. The last recorded CAGR for the 5-year period ending in 2023 is 11.51%. Looking ahead, the forecasted CAGR for the next 5 years (2024-2028) is more moderate at 5.7%, indicating a projected 31.97% cumulative growth to a value of $143.26 billion CAD by 2028.

Future trends to watch for:

• An increase in demand for cybersecurity solutions and services.
• Continued growth in cloud computing and related infrastructure services.
• Adoption of AI and machine learning technologies across various industries.
• Expansion in IoT (Internet of Things) services and integration.
• Increased focus on remote work solutions and digital transformation initiatives.