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Increased government investment is driving the Canadian IT industry

Press release July 11, 2014 IT industry canada, IT market canada, canada IT market

TechNavio's analysts forecast the IT Market in Canada will grow at a CAGR of 3.90 percent over the period 2014-2018.

The Canada IT industry is expected to witness steady growth in the forecast period 2014 - 2018, due to the increased adoption of IT solutions and services amongst the regional consumers. Therefore, owing to its strong growth potential, industry experts speculate that the segment would grow at a CAGR of 3.90% in the period between 2013 and 2018.

This report: IT Market in Canada 2014-2018 focuses on the current market scenario, market drivers and key market regions. The report also provides a detailed insight into the prevalent market conditions and trends, highlighting the scope of the IT industry in Canada.

Key market drivers

The Canada IT market has been primarily driven by the technologically advanced population of this area which has been encouraging several local businesses to invest in IT. Moreover, the market has also been boosted by the fact that IT solutions offer improved efficiency in business processes. This has compelled a few government enterprises of Canada to embrace the latest and updated IT services including cloud computing, big data analytics and others.

The other field of IT which is slated to grow is the premium consumer hardware services. Given the lifestyle prevalent in the region these consumer hardware services have become essential equipment for the local inhabitants of Canada. Though the emerging economies are believed to present a tough competition to this segment, it has also been asserted that Canada would increase its expenditure on the IT market, thereby further strengthening the market. The It market in Canada hence looks prospective, especially in regions like Quebec, Atlantic Canada, Alberta, Ontario and British Columbia which are the key regions expected to bear testimony to the market growth.

Key market players

Some of the key market players which have been influencing the IT industry in Canada are Agfai-Gevaert Group, Hewlett-Packard Co., Microsoft Corp., Autodesk Inc., Cisco Systems Inc., IBM Corp., etc. The IT industry giant Microsoft Corporation has recently launched an Office software for tablets, particularly tablets which utilize Google Android system software, which has gained prominence in the Canadean IT markets.

For further insights,

Visit: Increased government investment is driving the Canadian IT industry

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IT industry canada, IT market canada, canada IT market