North America ICT Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook (2026-2035)

North America ICT Market Growth

In 2021, Canada’s ICT sector contributed $104.5 billion to the national GDP, constituting 5.3% of the overall economic growth. Value addition of $1 million in the ICT sector generates an additional value of $862,000 in Canada. In 2021, the manufacturing of computers and peripheral equipment recorded a year-on-year growth of 25.2%, posting the fastest annual GDP growth rate among all ICT companies. The manufacturing of semiconductors and electronic components (17.2%), and communications equipment (15.6%) also recorded tremendous growth.

Canadian exports of ICT goods surged by 4% in 2021, with the demand for computer equipment and electronic components recovering quickly post the COVID-19 pandemic. The United States accounted for over 66% of all exports and imported goods worth $6.4 billion in 2021. Canadian exports of ICT goods to the EU recorded a significant growth (20.3%). Service industries like computer systems design and data processing also hold promising opportunities for major ICT players in the market.

The wireless and mobile networks industry in the United States spent over $11 billion for capacity building in 2022, with total expenditure on network operation topping $46 billion. As per the Wireless Infrastructure Association, the USA has 142,100 operational cellular towers, 452,200 outdoor small cell nodes, and over 200,000 macrocell sites, which is expected to witness further expansion, thereby leading to the market growth.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

North America ICT Industry Segmentation

North America ICT Market Share

Based on industry vertical, the market is divided into retail and e-commerce, IT and telecom, energy and utilities, BFSI, government, and manufacturing, among others. Over the forecast period, the IT and telecom and the BFSI sectors are expected to grow at a CAGR of 8.6% and 9.1%, respectively. This can be attributed to the rising digitalisation of banking services and the expansion of IT infrastructure in North America.

Leading Companies in the North America ICT Market

Major private companies are expected to expand their presence in the United States and Canada to drive their development.

• IBM Corp.

• Microsoft Corp.

• Cisco Systems Inc.

• Google LLC

• AT&T Inc.

• Capgemini SE

• Oracle Corp.

• Verizon Communications Inc.

• Adobe Inc.

• Comcast Corp.

• Others