Computer Programming and Consultancy Services Gross Value Added in Canada has experienced a steady growth from 2013 to 2023, with a noteworthy year-on-year variation often hovering around 7-9%. The value stood at 49.79 billion Canadian Dollars in 2023. Over the last five years, the sector maintained an annual average growth (CAGR) of 7.74%. The post-2023 period projects a slower but positive trajectory, with a forecasted 5-year CAGR of 4.01% and an expected growth rate of 21.7% by 2028.
Future trends to watch for include increased demand for digital transformation services, greater reliance on artificial intelligence and machine learning capabilities, and the burgeoning need for cybersecurity solutions amidst evolving cyber threats. These factors are likely to shape the sector's value and drive growth trajectories in the coming years.
