Fast Market Research recommends "Canada Information Technology Report Q1 2014" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 02/13/2014 -- BMI's outlook for IT market growth in 2014 is unchanged in the Q1 2014 update, with the decline in desktop and notebook shipments already factored into our forecast. We expect Canada's IT market to report moderate overall growth in 2014, constrained by slower economic growth and relatively weak confidence. This quarter we take a look at the roles international and local companies play in the Canadian IT market.
Headline Expenditure Projections
Computer hardware sales: CAD15.3bn in 2012 to CAD15.4bn in 2013, an increase of 0.6%. Demand for tablets is strong, maintaining unit growth. However, with the shift to relatively cheaper tablets through cannibalisation of notebook sales, increases in market value will be muted.
Software sales: CAD9.0bn in 2012 to CAD9.3bn in 2013, an increase of 2.4%. There is enterprise software growth potential. However, public-sector deficits will require vendors to provide a clear cost benefit if they are to secure sales growth.
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IT Services sales: CAD20.9bn in 2012 to CAD21.4bn in 2013, an increase of 2.5%. Cloud computing market expected to continue gaining momentum as competition from local vendors increases. Emerging technologies such as real time enterprise services and data analytics are another growing segment of the market.
Risk/Reward Ratings: Canada's score is 70.3 out of 100.0. Canada ranks second in our latest RRR table, behind the US, but still ahead of Latin American giants such as Brazil and Mexico.
Key Trends And Developments
Vancouver authorities unveiled a CAD30mn plan to turn the city into a high-tech integrated digital community by 2017, including expansion of the city's open data programme, access to city services through digital platforms and an incubator for local digital businesses. More recently IBM has partnered with Waterfront Toronto to build a smarter city. These developments place Canada well as a technology hub.
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