The value added of ICT (Information and Communication Technology) and Information Services in Canada for 2024 is projected to be 51.47 billion Canadian dollars, reflecting a consistent upward trend from the previous years. The forecasted values for 2025, 2026, 2027, and 2028 are 53.03, 54.56, 56.06, and 57.53 billion Canadian dollars, respectively. In 2023, the actual value added stood at 49.96 billion Canadian dollars. This marks a steady year-on-year percentage increase, averaging around 3% annually over the forecast period, demonstrating a strong CAGR of approximately 2.8% over the next five years.
Future trends to watch include the continuous digital transformation across various industries, advancements in AI and machine learning, and the increasing integration of IoT (Internet of Things) technologies. Additionally, governmental policies supporting digital infrastructure and innovation could further accelerate growth in this sector.
