The IT services sector in Canada is projected to experience substantial growth in the upcoming years. In 2023, the sector had an actual employment figure of approximately 562 thousand jobs. From 2024 onwards, forecasts indicate a steady increase, reaching 886.73 thousand jobs by 2028. The year-on-year growth rate projects consistent expansion, with the sector showing an upward trajectory of employment opportunities each year. Over this five-year period, the compound annual growth rate (CAGR) is estimated to be around 9.6%, reflecting robust long-term growth potential attributed to ongoing digital transformation and a growing demand for technological services.
Future trends to watch for include:
- The impact of Artificial Intelligence and automation on IT service job roles.
- Continued expansion of cloud-based services facilitating job growth in cloud computing and cybersecurity.
- The influence of government policies and investments towards developing a digital economy.
- Upskilling initiatives to meet the increasing demand for specialized IT skills.
