The Canadian IT consulting market is a strategic pillar for businesses aiming to optimize their digital infrastructure, secure their data, and accelerate transformation.
With a size of nearly $93 billion in annual revenue, it is one of the largest and most dynamic segments within professional services, naturally attracting investors seeking high-value, recurring acquisition targets.
However, the sector is highly fragmented: no single player holds more than 5% market share, opening the door for consolidation deals and the creation of integrated groups capable of delivering turnkey services.
For M&A advisory firms, this environment offers a wide range of opportunities—from acquiring niche specialists (cloud, cybersecurity, AI) to forming partnerships that broaden a firm’s overall service offering.
The indicators below provide a quick snapshot of the sector’s depth and current momentum. They highlight both the scale of IT projects and the large pool of potential acquisition targets.
Estimated total revenue in 2024, reflecting an average annual growth of 3.2% since 2019.
Number of entities offering system design and management services, demonstrating a dense entrepreneurial landscape ideal for a buy-and-build strategy.
Projected Growth Over the Next 5 Years
Demand for IT consulting continues to be driven by:
By 2029, revenues are expected to grow by approximately 1.8% annually, supported by:
From a transaction standpoint, two trends are emerging:
Buyers should also assess:
In a landscape where expertise and agility are paramount, the most attractive targets are those that can secure recurring, high-tech contracts and strengthen a portfolio focused on digital transformation.
The indicators below provide a quick snapshot of the sector’s depth and current momentum. They highlight both the scale of IT projects and the large pool of potential acquisition targets.
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