Report Forecasts Substantial Increases in Spending on Information and Communication Technologies - ICTC estimates total spending of nearly $45 billion by 2010



    OTTAWA, Sept. 5 /CNW Telbec/ - The Information and Communications
Technology Council (ICTC) announced today the release of the Canadian
Information Technology Spending Forecast 2006-2010, a report outlining
spending forecasts on hardware, software products and IT services in Canada
from 2006-2010. The report is good news for an important Canadian industry
that accounts for more than 5.9% of the GDP and over 600,000 jobs.
    The Spending Forecast, which breaks down spending by market, industry and
region, predicts substantial spending increases in hardware, software and
IT services; it anticipates that spending will exceed $8 billion in software,
$16.9 billion in hardware, and $19.7 billion in IT services by 2010.

    Other major findings from the report include:

    
    - The software market is expected to lead the way, growing at the highest
      compound annual growth rate (CGR), with security software predicted to
      be the hottest segment.
    - Spending growth on IT products and services will be highest in Alberta;
      however, overall IT spending will continue to be highest in Ontario.
    - IT spending by industry will be lead by the financial services sector,
      where spending is expected to exceed $8.5 billion by 2010.
    

    "The Spending Forecast is important reading for buyers and providers of
IT hardware, software and services in Canada who want to understand spending
patterns and make sure they leverage key technologies within their
organization," said Paul Swinwood, President of ICTC. "In addition to the
actual forecasts, the report also provides readers with guidance on how to
translate the findings into action."
    Most importantly, as a key driver of human resources in the ICT sector,
the Spending Forecast is essential input into the much-anticipated ICTC
Outlook 2012-2015 on Human Resources in the ICT Labour Market slated to be
released in spring 2008. In the Outlook, ICT executives, educators and policy
makers alike will find information on important trends and gain perspective on
the future of the ICT labour force, including key industries and their human
resource needs. ICTC is currently calling on industry, government and
education leaders to get involved in the development of the Outlook by
contacting Cherri Grills, Project Manager at c.grills@ictc-ctic.ca.

    About ICTC

    ICTC is a not-for-profit sector council, funded in part by the Government
of Canada. We are dedicated to creating a strong, prepared and highly educated
Canadian ICT industry and workforce. ICTC is a catalyst for change that will
provide labour market intelligence, life-long professional development and
quality education and training for the Canadian ICT industry, educators,
governments and the ICT workforce. We forge partnerships that will help
develop the quantity and quality of ICT professionals needed to maintain and
improve Canada's position as a leader in the global marketplace.




For further information:

For further information: Cherri Grills, Project Manager, (613) 237-8551,
ext. 149, c.grills@ictc-ctic.ca

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INFORMATION AND COMMUNICATIONS TECHNOLOGY COUNCIL (ICTC)

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