A good system: Demand for companies to incorporate new technology will support industry growth

The IT Consulting industry in Ontario experienced consistent growth over the five years to 2019. The industry is composed of companies that help businesses design, implement and manage information technology (IT) systems. Demand for industry services was inflated, as national drivers such as corporate profit boosted industry growth to surpass national figures. The industry demonstrates countercyclical trends. Despite the increase in revenue during the current period, provincial industry performance was offset by the continued growth of internal competition. National trends of technological change are expected to drive provincial demand. Over the five years to 2024, industry growth is expected to continue but at a slower pace, hindering profit margins...read more.

Industry Statistics & Market Size
Revenue
$32bn
Annual Growth 14-19
6.4%
Forecast Growth 19-24
Profit
Employment
119,301
Businesses
47,554

Industry Threats & Opportunities

  • Despite the increase in revenue, provincial industry performance was offset by the continued growth of internal competition
  • Additional Insights for the IT Consulting in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the IT Consulting in Ontario Industry are

  • Adoption of a commercial focus
  • Access to the latest available and most efficient technology and techniques
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Aggregate private investment in Ontario and Demand from manufacturing in the IT Consulting in Ontario industry impact industry performance..

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    What's in this report

    What is the IT Consulting in Ontario Industry?

    This industry provides services to client companies such as writing, testing and supporting custom software; planning and designing integrated hardware, software and communication infrastructure; and on-site management of computer systems and data processing facilities. This industry excludes packaged software publishers, transaction processing software, off-site data processing and cloud hosting services.

    Industry Products
  • IT technical consulting services
  • Nonconsulting computer systems design services
  • Data processing, hosting and related services
  • Other services
  • Industry Activities
  • Providing information technology expertise for consumers
  • Writing, modifying, testing and supporting software
  • Planning and designing systems
  • On-site management and IT functions
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Aggregate private investment in Ontario
  • Demand from manufacturing
  • Local and provincial government expenditure in Ontario
  • Demand from finance and insurance
  • Number of fixed broadband connections

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - IT Consulting in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
    Key Selling Industries
  • Communications Equipment Manufacturing in Canada
  • Computer Manufacturing in Canada
  • Computer Peripheral Manufacturing in Canada
  • Software Publishing in Canada

  • Products & Services
  • IT technical consulting services
  • Nonconsulting computer systems design services
  • Other services
  • Data processing, hosting and related services
  • Chart: IT Consulting in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Manufacturing, retail and distribution
  • External
  • Financial and capital
  • Government, nonprofits and other public institutions
  • Other businesses
  • Utilities, communication and media
  • Households
  • Chart: Major Market Segmentation for the IT Consulting in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs IT Consulting in Ontario

  • Basis of Competition
    Barriers to Entry
    Accenture plc, CGI Group Inc., Hewlett Packard Enterprise Company, IBM Canada Limited,
  • Table: Accenture plc - financial performance
  • Table: CGI Group Inc. - financial performance
  • Table: Hewlett Packard Enterprise Company - financial performance
  • Table: IBM Canada Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the IT Consulting in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the IT Consulting in Ontario Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • ON - Aggregate private investment in Ontario (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Data Analytics
  • The method by which a company combs through a large collection of unorganized data for potential trends and insights.
  • Cloud Computing
  • Computing model in which companies' computer applications are hosted in outside servers accessible via the internet and managed by third-party operators.
  • Commoditization
  • The trend toward uniformity in product offerings and price. Commonly cited as a cause of declining prices and profitability in computer hardware manufacturing.
  • Information Technology (It)
  • The design, development, implementation, support or management of computer-based information systems.
  • Integrated System / Engineered System
  • A pre-integrated, optimized combination of software and hardware. Such a system increases ease in installing updates and improves performance, scalability and reliability.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Server
  • Any combination of hardware or software designed to provide services to clients. It generally refers to a centre of a network, where information can be shared via an online connection.
  • Software As A Service (Saas)
  • Software that is deployed over the internet and runs behind a firewall in a person's local area network or personal computer.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s IT Consulting in Ontario market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on IT Consulting in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The IT Consulting in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on IT Consulting in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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