New Report Available: Canada Information Technology Report Q3 2014
Fast Market Research recommends "Canada Information Technology Report Q3 2014" from Business Monitor International, now available
[USPRwire, Tue Jul 29 2014] The maturity of the Canadian IT market means that growth rates will significantly underperform emerging markets, but in terms of spending per capita Canada will continue to be one of the most lucrative markets globally. We expect Canada's IT market to record growth of 3.2% in 2014, and forecast a CAGR of 4.1% 2014-2018. Premium consumer hardware will remain a growth area, but over the medium term the areas we identify for outperformance include enterprise adoption of cloud computing, real-time software and services and big data analytics. There is however downside to this outlook, with confidence in cloud - based solutions undermined by revelations surrounding NSA activities.
Headline Expenditure Projections
* Computer hardware sales: CAD16.8bn in 2013 to CAD17.2bn in 2014, an increase of 2.5%. As the tablet market approaches saturation we expect growth to slow from 2014, but growing demand for hybrid notebooks could compensate.
* Software sales: CAD10.8bn in 2013 to CAD11.2bn in 2014, an increase of 3.7%. There is enterprise software growth potential among SMEs, as well as for advanced deployments for large enterprises.
* IT Services sales: CAD21.2bn in 2013 to CAD22.0bn in 2014, an increase of 3.6%. Emerging technologies such as real time enterprise services and data analytics are growing segment of the market, while cloud computing adoption is widening.
Full Report Details at
Key Trends And Developments
Despite a climate of fiscal austerity the Ontario government has continued to support the expansion of the IT industry. For example, in April 2014 IT management and consultancy OpenText announced it would expand and create an additional 1,200 jobs with investment of CAD120mn from the Ontario government. The public investment is supplementing the CAD2bn investment made by OpenText. Of the 1,200 jobs created 30% will be in research and development, and 10% will be reserved for youth opportunities (under 29 years of age). BMI believes...
The Canada Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Canada Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Canada.
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