North America ICT Market Report and Forecast 2025-2034
Description
The North America ICT market attained a value of around USD 1.86 Trillion in 2024. It is projected to grow at a CAGR of 8.00% during 2025-2034 to reach USD 4.02 Trillion by 2034.
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.
North America ICT Industry Segmentation
North America ICT Market Report and Forecast 2025-2034 provides an in-depth analysis of various market segments mentioned below:
Market Breakup by Type
Hardware _x000D_ _x000D_ Network Switches _x000D_ Routers and WLAN _x000D_ Servers and Storage _x000D_ Others _x000D_ _x000D_
Hardware _x000D_ _x000D_ Network Switches _x000D_ Routers and WLAN _x000D_ Servers and Storage _x000D_ Others _x000D_ _x000D_
Software
IT and Infrastructure Services
Telecommunication Services
Software
IT and Infrastructure Services
Telecommunication Services
Market Breakup by Enterprise Size
Small and Medium Enterprises
Large Enterprises
Market Breakup by Industry Vertical
BFSI
IT and Telecom
Government
Retail and E-Commerce
Manufacturing
Energy and Utilities
Others
Market Breakup by Country
United States
Canada
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
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.
North America ICT Industry Segmentation
North America ICT Market Report and Forecast 2025-2034 provides an in-depth analysis of various market segments mentioned below:
Market Breakup by Type
Hardware _x000D_ _x000D_ Network Switches _x000D_ Routers and WLAN _x000D_ Servers and Storage _x000D_ Others _x000D_ _x000D_
Hardware _x000D_ _x000D_ Network Switches _x000D_ Routers and WLAN _x000D_ Servers and Storage _x000D_ Others _x000D_ _x000D_
Software
IT and Infrastructure Services
Telecommunication Services
Software
IT and Infrastructure Services
Telecommunication Services
Market Breakup by Enterprise Size
Small and Medium Enterprises
Large Enterprises
Market Breakup by Industry Vertical
BFSI
IT and Telecom
Government
Retail and E-Commerce
Manufacturing
Energy and Utilities
Others
Market Breakup by Country
United States
Canada
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
Table of Contents
189 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global ICT Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global ICT Historical Market (2018-2024)
- 5.3 Global ICT Market Forecast (2025-2034)
- 5.4 Global ICT Market Breakup by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America ICT Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America ICT Historical Market (2018-2024)
- 6.3 North America ICT Market Forecast (2025-2034)
- 7 North America ICT Market by Type
- 7.1 Hardware
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 Network Switches
- 7.1.3.2 Routers and WLAN
- 7.1.3.3 Servers and Storage
- 7.1.3.4 Others
- 7.2 Software
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 IT and Infrastructure Services
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Telecommunication Services
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 8 North America ICT Market by Enterprise Size
- 8.1 Small and Medium Enterprises
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Large Enterprises
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America ICT Market by Industry Vertical
- 9.1 BFSI
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 IT and Telecom
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Government
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Retail and E-Commerce
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Manufacturing
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Energy and Utilities
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 9.7 Others
- 10 North America ICT Market by Country
- 10.1 United States
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 IBM Corp.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Microsoft Corp.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Cisco Systems Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Google LLC
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 AT&T Inc.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Capgemini SE
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Oracle Corp.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Verizon Communications Inc.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Adobe Inc.
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Comcast Corp.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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