Forecast Report

The Canadian Tech Market Outlook For 2021 And 2022

A Mild Pandemic Recession Followed By A Good Economic Recovery Sets The Stage For 5% Growth In 2021 And 2022

October 8th, 2021
Cheryl McKinnon, Principal Analyst
Cheryl McKinnon Principal Analyst
Andrew Bartels, null
Andrew Bartels
With contributors:
Matthew Guarini , Kara Wilson

Summary

Canada’s tech market weathered the 2020 pandemic recession with much less damage than we had feared: growth slowed to 1.6%, but there was no decline in tech spending. With the Canadian economy staging a solid recovery, we project purchases of tech goods and services by Canadian businesses and governments will increase by 4.9% in 2021 and 4.7% in 2022. Canadian tech executives should have sufficient budget room to pursue initiatives that use technology to improve business performance.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.