$92.7bn
$XX.Xbn
359k
96,094
$XX.Xbn
The IT Consulting industry in Canada is composed of companies that help private businesses and public sector agencies design, implement and manage information technology (IT) systems. Demand for industry services is positively affected by growth in corporate profit and business sentiment. As these drivers strengthen, companies increase expenditure on industry services. There has been a significant degree of technological change due to the increasing prevalence of cloud-based services, mobile apps and other cutting-edge software. These technological changes have been a significant driver of growth in the industry, while also responsible for declining industry-relevant revenue among larger operators. The industry managed to weather the COVID-19 pandemic during the latter half of the period, benefiting from the strong economic recovery in 2021 as disruptions eased. Overall, industry revenue is projected to grow at a CAGR of 5.3% to $91.6 billion over the five years to 2023, including a decrease of 0.9% in 2023 alone as economic growth slows.Following robust sales performance during most of the period, industry profit is expected to slightly expand. This is primarily due to stronger demand for higher-margin services, such as cloud-based systems integration and mobile apps design, being tempered by increased internal competition among existing operators. Furthermore, wages' share of revenue is expected to grow over the past five years due to increased demand for labour and investment in human capital.Overall, industry revenue is expected to grow at a CAGR of 1.7% to $99.7 billion over the five years to 2028. Increasing private investment in computer and networking infrastructure will likely be the key economic factor driving industry performance. In particular, private investment in computers and software is expected to increase at a CAGR of 3.1% through the end of 2028. The professional services sector will likely help sustain demand for industry services as companies incorporate newer technologies to gain a leg up on the competition and increase operating efficiency. Strong demand for IT services and relatively low barriers to entry will likely continue to attract new entrants into the industry, but larger operators may continue expanding their workforces, acquiring smaller businesses and increasing their share of the market.
Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated $92.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
IBM Canada Limited | 2,014.3 | N/A | N/A | |
Accenture PLC | 549.4 | N/A | N/A | |
Accenture PLC | 549.4 | N/A | N/A |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including IT technical consulting services, Nonconsulting computer systems design services and Data processing, hosting and related services. IT technical consulting services is the largest segment of the IT Consulting in Canada.
IT technical consulting services
The IT Consulting industry in Canada provides the services to client companies such as writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers, transaction processing software, off-site data processing and cloud hosting services.
Purchase this report to view all 5 major companies in this industry.
NAICS 54151 - IT Consulting in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry is flourishing as technological advancements are adopted by downstream markets. These new technologies need IT consultants to set up and maintain.
Learn about an industry's products and services, markets and trends in international trade.
IT consultants provide advice and procurement of hardware and software for business use. IT tech consulting is the bread and butter for the industry.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to downstream markets is the main driver for business locations. IT consultants attempt to maximize their visibility by staying close to the institutions they serve...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
IT consultants compete domestically for local business. Companies increasingly advertise as one-stop shops, boasting an ability to provide insight and implementation to meet ...
Learn about the performance of the top companies in the industry.
IBM Canada is the largest company in the industry. Still, because of the sheer volume of nonemployers in the industry, IBM Canada holds less than a 5.0% market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
There is little direct regulation for the industry. However, umbrella regulations imposed on all business in Canada. IT consultants must ensure they are not encroaching on th...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages are the largest expense for the industry. IT consultants are experienced, with extensive training and knowledge in the latest technologies available on the market.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the IT Consulting industry in Canada is $92.7bn in 2024.
There are 96,094 businesses in the IT Consulting industry in Canada, which has grown at a CAGR of 2.0 % between 2019 and 2024.
The market size of the IT Consulting industry in Canada has been growing at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the IT Consulting industry in Canada is expected to grow.
The biggest companies operating in the IT Consulting market in Canada are IBM Canada Limited, Accenture PLC and Accenture PLC
Providing information technology expertise for consumers and Writing, modifying, testing and supporting software are part of the IT Consulting industry.
The company holding the most market share in Canada is IBM Canada Limited.
The level of competition is high and increasing in the IT Consulting industry in Canada.