Forecast: Internet Revenues in Canada

Internet revenues in Canada stood at 16.25 billion CAD in 2023. The year-on-year percentage variation for 2023 was 4.87%, indicating a stable upward trend but at a decelerating pace when compared to previous years. Over the last two years, the growth has slowed, reflecting a maturing market. The Compound Annual Growth Rate (CAGR) over the last five years stands at 6.34%, demonstrating a steady but gradually declining growth rate.

Future trends to watch for include:

• Continued moderate growth, leading to 19.92 billion CAD in 2028, with a forecasted 5-year CAGR of 3.22%

• Potential impact of emerging technologies and new business models on revenue streams.

• Market maturity possibly leading to increased competition and consolidation.

• Shifts in consumer behavior and regulatory changes impacting service providers.