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The Canadian software services market is booming, expected to reach US$21.07 billion in 2023 and US$26.44 billion by 2028, with a CAGR of 4.65%. This growth is fueled by rising digitalization across industries, increased cloud adoption, and growing demand for custom software solutions.
The Canadian government is a major player in the software services market, representing a significant opportunity for service providers. In 2023, government procurement is projected to be US$5.4 billion, with a CAGR of 5.4% between 2023 and 2028.
The government primarily procures software services related to:
Enterprise Resource Planning (ERP)
Customer Relationship Management (CRM)
Cybersecurity
Cloud Computing
Data Analytics
Application Development and Maintenance
The key authorities responsible for software services procurement in Canada include:
Treasury Board of Canada Secretariat (TBS)
Shared Services Canada (SSC)
Department of Public Services and Procurement Canada (PSPC)
Defense Research and Development Canada (DRDC)
Some of the top winners of recent software services procurement contracts in Canada include:
IBM Canada Ltd.
Accenture Canada Inc.
CGI Group Inc.
Microsoft Canada Co.
SAP Canada Inc.
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