Software Publishing in Canada - Industry Market Research Report

Full storage: Anticipated corporate profit and consumer spending growth will likely benefit demand and cause industry revenue to rise

The Software Publishing industry in Canada has exhibited strong growth over the five years to 2023 amid the introduction of new products, chiefly within the enterprise services and data analytics domains. Rising consumer spending has boosted demand from both businesses and consumers. Additionally, technological advancements and the increased use of laptops and smartphones in companies and consumers' everyday lives have necessitated the need for wide software varieties, boosting industry demand. However, the continued use of illegally downloaded software has hampered growth. Still, industry revenue has been growing an annualized 8.0% over the past five years and is expected to reach $21.9 billion in 2023. The publisher expects revenue to grow 2.9% in 2023, while high competition and short product lifecycles constrain profit growth. Software publishers disseminate licences to customers for the right to execute software on their own computers. Publishers market and distribute software products but may also design the software, produce support materials and provide support services. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.