The forecast for total internal R&D personnel in computer programming, consultancy, and related activities in Canada shows a steady increase from 2024 to 2028, beginning at 41.88 thousand FTEs in 2024 and predicted to reach 46.44 thousand FTEs by 2028. Compared to the actual figure of 2023, which was lower than 41.88, this forecast demonstrates an upward trajectory. The year-on-year growth rate presents around a 2-3% increase annually, indicative of consistent expansion in the sector. The compounded annual growth rate (CAGR) over the five-year period provides further evidence of the sector's robust growth trend.
Future trends to watch for in this industry include the impact of emerging technologies such as artificial intelligence, cloud computing, and cybersecurity advancements. Additionally, international competition for skilled professionals may influence R&D personnel dynamics. Monitoring these elements will be crucial for strategic planning and maintaining growth momentum in Canada’s tech industries.
