Forecast: Computer Programming, Consultancy Services Output in Canada

In 2023, the output of Computer Programming and Consultancy Services in Canada was valued at 83.2 billion Canadian dollars, reflecting a year-on-year growth rate of 6.03%. Over the past five years, the CAGR was 7.33%, indicating a consistent upward trend in the industry. From 2013 through 2023, the sector experienced robust growth, maintaining a CAGR of approximately 7.33%, with variations in the annual growth rate. The period from 2014 to 2018 saw particularly strong growth, averaging above 8% annually, peaking in 2019 with a 10.35% increase.

Looking ahead, the forecasted output continues to rise, reaching an estimated 106.34 billion Canadian dollars by 2028, with an anticipated five-year forecast CAGR of 3.88%. This slower growth rate compared to previous years suggests a maturing market. Future trends to watch include increasing automation, digital transformation, and a greater reliance on data analytics and artificial intelligence, which will drive further innovations and efficiencies in the industry. Additionally, the resurgence of demand for cybersecurity services will likely contribute to sustained industry growth.