Employment in Canada’s software publishing sector has shown significant variability over the past decade. From 2013 to 2023, the number of jobs saw both declines and growth, with notable decreases in 2013, 2016, and 2017. The sector experienced robust growth from 2018 onwards, particularly strong in 2019 and continued into the early 2020s. By 2023, the employed workforce was at 59.21 thousand jobs, reflecting a continued albeit modest increase in the last few years. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at 4.33%, indicating steady growth.
Future projections from 2024 onwards show a moderate but consistent increase in employment with a forecasted CAGR of 2.16% over the next five years, culminating in a growth rate of 11.26% by 2028. These trends suggest a stable job market with incremental growth expected in the coming years.
For future trends, it will be crucial to monitor:
- The impact of technological advancements and emerging software niches.
- Government policies and investment in the tech sector.
- Global economic influences and talent availability.
- The rise of remote work and its effect on employment distribution.
