The employment in the Computer Programming and Consultancy Services sector in Canada stood at 492.49 thousand persons in 2023. From 2013 to 2023, the sector exhibited consistent growth with notable fluctuations. Specifically, the employment rate saw major year-on-year variations, with a significant increase of 19.76% in 2021, attributed to a post-pandemic recovery surge. From 2018 to 2023, this sector observed a CAGR of 10.09%, highlighting robust growth.
Looking forward, from 2023 to 2028, the forecasted CAGR is 6.56%, indicating a steady yet moderated growth compared to the past five years. By 2028, the sector is expected to reach 747.34 thousand persons, marking a 37.39% growth rate over the five-year period.
Future trends to watch for:
- Increased automation and AI integration in the sector
- A rise in demand for cybersecurity and data analytics consultancies
- Possible influences of global economic conditions and technological advancements on employment numbers