Data Processing & Hosting Services in Canada - Market Research Report (2014-2029)

Broken link: Internal competition will rise due to an influx of new operators

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.

Data processors and hosting servers provide data analytics and management services used for a variety of information technology (IT) related activities. The industry's key clients are located in the financial, advertising and e-commerce sectors, which compile large amounts of consumer and financial data that need to be managed and analyzed to produce actionable insights. Throughout 2023, businesses have increasingly outsourced their IT infrastructure needs, directly benefiting companies in this industry. The advent and popularization of cloud computing, one of the industry's fastest-growing product offerings, has similarly led to greater demand. As a result, the industry has fared well throughout 2023, growing at a CAGR of 10.6% to $13.8 billion. As the industry's growth slows down after the pandemic, revenue is still expected to grow 1.2% in 2023.

Operators in the Data Processing and Hosting Services industry in Canada provide specialized data processing or hosting activities. Data processing services provide specialized reports from information supplied by clients. Hosting services can include website and application hosting and range from automated data entry to processing such data. This industry does not include the websites themselves or the revenue earned by their owners.