In 2023, the value of wages and salaries in software publishing in Canada amounted to $7.11 billion CAD. Historically, this sector has shown considerable growth since 2013, with fluctuations in year-on-year variations. Notable spikes occurred in 2018 and 2019 with year-on-year increases of 31.22% and 22.3% respectively. Over the last two years, the year-on-year variations were 4.34% in 2022 and 4.07% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 6.51%.

Future trends to watch for:

Continued growth with a forecasted CAGR of 2.92% over the next five years.
Expected value in 2028 will reach $8.57 billion CAD, marking a 15.48% increase over the forecast period.
Potential impact of technological advancements and economic conditions on wage trends.