This report examines the short-and medium-term economic and profitability outlook for Canada’s computer services industry.
Canadian Industrial Outlook: Computer Services—Spring 2018
Canadian Industrial Outlook: Computer Services—Spring 2018
Industry Economic Analysis
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Trade Flows—After several years of weak growth, trade flows are poised to pick up over the forecast. Exports will benefit from strong demand south of the border, while greater foreign competition will lead to heightened demand for imports.
Artificial Intelligence—Innovation in artificial intelligence continues at a rapid pace at both ends of the market. While tech giants Amazon and Google are making headlines with voice-activated home assistants, smaller IT firms are finding their own AI niches, attracting large sums of venture capital as a result.
Professional Services—Professional services such as engineering and consulting are benefitting from the recovery in oil prices. These industries are large users of computer services and will be drivers of industry growth in the coming years.
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