Industry Report
North America

Canadian Information and Communications Technology (ICT)

July 13, 2021

The Information and Communications Technology (ICT) industry in Canada is a substantial contributor to the Canadian economy. It is built by startups: Toronto has the second highest startup densities in the world after Silicon Valley and the industry is comprised of 80% small startups.

The Canadian ICT sector produced $170B in revenue in 2019 and saw a 25% increase in GDP between 2013 and 2019. Its continuous growth is fueled by investment from the Canadian government and international firms, an increase in cyber-attacks, and its ecosystem for innovation.

This report provides an overview of the Canadian ICT industry, including current trends, recent investments, the impact of Covid-19, and sub-sector analysis that contains key information about:

  • Cybersecurity
  • Internet of Things
  • Fintech
  • E-Health
  • EdTech
  • AI & Big Data
  • Video Games
  • Hardware