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:
- Internet of Things
- AI & Big Data
- Video Games