The technology sector in Canada is booming, and shows no signs of slowing down. IT jobs are in high demand, and salaries are on the rise. But what is driving this growth? And what challenges does the industry face? Let us take a look at the state of the IT industry in Canada, and discuss some of the key trends that are shaping it.
The industry is growing
The Canadian technology sector is growing at an incredible pace. According to recent data from Statistics Canada, the industry generated $143 billion in revenue in 2017, up from $134 billion the previous year. This growth is being driven by a number of factors, including the rise of new technologies like artificial intelligence and blockchain, and the increasing demand for IT services from businesses and consumers alike.
Challenges
However, this rapid growth is not without its challenges. The skills shortage is one of the most pressing issues facing the industry today. With more than half a million jobs currently unfilled, there is a clear need for more workers with training in specific areas like cybersecurity and cloud computing. The good news is that salaries are rising to meet this demand, with average wages in the sector now exceeding $100,000 per year.
Another challenge facing the industry is the lack of diversity. Women make up just 26% of the workforce, and visible minorities are even less represented. This lack of diversity not only limits the pool of talent available to businesses, but it also has a negative impact on productivity and innovation.
Looking to the future
Despite these challenges, there is reason to be optimistic about the future of IT in Canada. The industry is continuing to grow at a rapid pace, and new technologies are creating opportunities for businesses and workers alike. With salaries on the rise and more jobs than ever before, now is an exciting time to be involved in IT in Canada!
All in all, the state of the IT industry in Canada is very strong. There is high demand for skilled workers, and salaries are rising to meet this demand. The industry is also facing some challenges, including a skills shortage and lack of diversity. However, there is reason to be optimistic about the future of IT in Canada as the industry continues to grow and innovate.