Four sectors that will drive tech growth for the next five years [infographic]

Nestled inside a new report from the Information and Communications Technology Council (ICTC) is a fascinating breakdown of just which sectors in Canada’s rapidly growing information and communications technology (ICT) industry are expected to fuel the most growth over the next five years.

Canada’s digital economy already employs 877,470 IT professionals throughout a variety of sectors, according to the report, the majority of them working outside the traditional IT industry. And in marked contrast to the rest of the Canadian economy, Canada’s IT industry has grown by an average annual rate of two per cent over the past five years, and 6.4 per cent during the past two years, ICTC says.

So which sectors of the industry does ICTC believe will lead technological development into 2020 and beyond? Some, like the Internet of Things (IoT), or what the organization calls social, mobile, applications, analytics and cloud (SMAAC) technologies, probably won’t surprise you; while others, such as automation or additive manufacturing, just might.

Tech Growth Drivers 1a

Beyond these four key growth drivers, the ICTC report outlines four other high-demand sectors currently driving the digital economy, spurred by a demand for real-time intelligence, predictive analytics, risk management and machine-to-machine connectivity: apps and services, cloud, mobile, and data analytics.

Tech Growth Drivers 2

Finally, the report identifies nine emerging areas that may not be lighting the industry on fire just yet, but which ICTC expects to lead the digital economy into the future, led by advances in manufacturing, robotics, cyber security, retail, transportation, financial technology, biotechnology and eHealth. Click the image below for a larger version:

Tech Growth Drivers 3

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Jim Love, Chief Content Officer, IT World Canada

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Eric Emin Wood
Eric Emin Wood
Former editor of ITBusiness.ca turned consultant with public relations firm Porter Novelli. When not writing for the tech industry enjoys photography, movies, travelling, the Oxford comma, and will talk your ear off about animation if you give him an opening.

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