Just Published: "Canada Information Technology Report Q1 2015"

As a m ature market Canadian IT sector growth rates will significantly underperform emerging markets. Despite the fact that PC hardware prices have declined, Canada will continue to be one of the most lucrative markets globally in terms of spending per capita. We expect Canada's IT market to record growth of 4 .2% in 201 5 , 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.

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Headline Expenditure Projections

* Computer hardware sales: CAD19.2bn in 2014 to CAD19.76bn in 2015, an increase of 3.1%. Tablet growth is expected to slow from 2014 due to saturation, but growing demand for hybrid notebooks offset some of the slowdown.
* Software sales : CAD12.1bn in 2014 to CAD12.7bn in 2015, an increase of 4.9%. There is enterprise software growth potential among SMEs, as well as for advanced deployments for large enterprises.
* IT Services sales: CAD23.2bn in 2014 to CAD24.4bn in 2015, an increase of 4.8%. We expect cloud computing will drive IT services market growth outperformance in 2014 and over the medium term.

Key Trends And Developments

BMI has a positive view for the growth potential for Internet of Things (IoT) products and solutions in Canada over the medium term. The quality of network infrastructure, technological literacy among enterprise decision makers, high labour costs and vendor investment all help to provide a platform for IoT adoption. There is significant growth potential as a Telus-commissioned IDC survey reporting in September 2014 found that only 6% of domestic businesses had implemented an IoT product or solution. However the medium term growth outlook is strong, with another 7% of enterprises expected to deploy IoT solutions in 2014 and reach a total of 30% of businesses in 2015, according to the survey. Following...

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.

Key Benefits

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