The number of employees in the IT services sector in Canada has shown significant growth over the past decade. By 2023, the sector employed 561.53 thousand persons. Year-on-year growth for 2022 and 2023 was 14.39% and 12.07%, respectively. Notably, from 2019 to 2023, the sector maintained robust growth with a CAGR of 11.39%. Forecasts indicate that this upward trend will continue, projecting a CAGR of 7.17% from 2024 to 2028, reaching 886.73 thousand employees by 2028.
Future trends to watch for:
- Impact of emerging technologies such as AI and machine learning on job growth.
- Government policies supporting tech innovation and digital transformation.
- Global economic factors and their influence on the Canadian IT labor market.
- Educational initiatives to address the growing demand for skilled IT professionals.
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