The forecast for sales of computer software (excluding games) in non-store retailing in Canada shows a steady growth pattern from 2024 to 2028. In 2023, actual sales figures set the baseline for these projections. From 2024 to 2025, there is a year-on-year growth of 3.24%, followed by increases of 3.07% through 2026, 2.92% through 2027, and 2.79% through 2028. The compound annual growth rate (CAGR) over these five forecasted years is approximately 3.00%, indicating a consistent upward trend in sales.
Future trends to watch for include the increasing adoption of cloud-based software solutions and ongoing developments in artificial intelligence and machine learning applications, which could drive demand further. Additionally, shifts in consumer buying behavior towards digital channels and emerging technologies might influence the market dynamics.
