IT Outsourcing - Canada
Canada- The IT Outsourcing market in Canada is expected to experience significant growth in the coming years.
- By 2025, the revenue in this market is projected to reach a staggering US$12.93bn.
- This indicates a promising future for the industry in Canada.
- Furthermore, the market is anticipated to exhibit a steady annual growth rate (CAGR 2025-2029) of 8.18%.
- This growth trajectory is expected to result in a substantial market volume of US$17.71bn by 2029.
- These numbers highlight the potential for expansion and development within the IT Outsourcing market sector in Canada.
- When it comes to the average Spend per Employee in the IT Outsourcing market, it is estimated to reach US$589.10 by 2025.
- This figure showcases the level of investment and expenditure in this sector.
- In terms of global comparison, United States is projected to generate the highest revenue in the IT Outsourcing market.
- By 2025, United States is expected to generate a remarkable US$213.57bn.
- This highlights the dominant position of the United States in the global IT Outsourcing market industry.
- However, Canada's market is also poised for significant growth and is expected to contribute substantially to the overall market revenue.
- Canada's growing talent pool and favorable business environment make it an attractive destination for IT outsourcing in the IT services market.
- Key regions:
- Brazil,
- Italy,
- United States,
- China,
- Germany
Definition:
The IT Outsourcing market refers to the external contracting of IT functions, services, or projects instead of relying on company-owned resources. By outsourcing IT tasks (e.g., to IT suppliers or software developers), enterprises are able to focus on their core functions and save internal resources and costs (e.g., office space, maintenance, and utilities). Thus, outsourcing teams becomes a viable cost resilience strategy in an environment where companies are looking to save money more than ever.
In an IT context, these activities include IT administration, IT application, and web hosting services. Non-IT-related outsourcing services are excluded.
Structure:
IT Outsourcing contains four distinct markets that are based on different services:
- Administration Outsourcing refers to the market for services associated with the external sourcing of typical IT administration tasks such as hardware supply, setup, configuration, maintenance, security, and support.
- Application Outsourcing refers to the market for all IT application services in a software production context, spanning from requirement assessments to concept and design of software applications.
- Web Hosting includes all types of internet hosting services that allow companies or individuals to provide access to their web page via the World Wide Web.
- Other IT Outsourcing refers to aggregated revenues of the types of IT outsourcing that are not specifically mentioned in the other IT Outsourcing markets, such as infrastructure outsourcing, network outsourcing, and managed services.
Additional Information:
The IT Outsourcing market comprises revenues, revenue change, average spend per employee, and revenues of the outsourcing types. Market values represent revenues that are generated by primary vendors either directly or through distribution channels at the manufacturer price level (excluding VAT). Reported market revenues include spending by enterprises (B2B) and governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed. Key players in the market include IBM, Accenture, Capgemini, NTT, and Hewlett Packard Enterprise.
For more information on the data displayed, use the info button right next to the boxes.
- Application outsourcing, such as ScienceSoft, Arcanys, and SumatoSoft
- Administration outsourcing, such as Conduent, Genpact, and ADP (Automatic Data Processing)
- Web hosting, such as GoDaddy, Bluehost, and Amazon Web Services
- Infrastructure outsourcing, such as IBM Global Technology Services, Wipro Infrastructure Engineering, and Cognizant Infrastructure Services
- Business process outsourcing, such as IBM, Infosys, and NTT Data
- Professional payment outsourcing, such as Paychex, ADP (Automatic Data Processing), and WNS Global Services
- Infrastructure as a service, such as Microsoft Azure, Alibaba Cloud, and DigitalOcean
- Platform as a service, such as Microsoft Azura, Google Cloud, and Engine Yard
- Non-IT related outsourcing
