Fastest Growing Industries in Canada Retail, HealthCare and Technology - GreenTech

Fastest Growing Industries in Canada Retail, HealthCare and Technology

Fastest Growing Industries in Canada Retail, HealthCare and Technology

By GTR

Despite the pandemic, 76% of Canadian employees and business owners say their company is growing. In fact, 20% say their business is growing more than expected. The industries expected to see the most growth in 2021 and beyond are those that connect us and care for us. We’re talking about technology, health care, and retail trade.

Technological advancements drove growth for software developers

The growth of the technology industry isn’t a surprise, given Canada’s history of technological investments. Canada boasts the world’s highest-educated workforce and is home to more than 2.8 million STEM graduates. With more than 41,000 tech companies across the country, Canada is the sixth most represented country in terms of developer talent.

39% of survey respondents in the software development field said that new technology is driving change and growth for their industry. And what’s more, they believe it will continue to do so over the next decade. 82% of workers in this industry say their company is growing.

This optimism is reflected in Canada’s overall projections for job and sector growth. The Canadian healthcare industry is working to double the number of health and bioscience firms by 2025. Likewise, technology-related jobs are expected to grow between 15% and 22% by 2027, while retail is predicted to increase jobs by about 20% by 2028.

SOURCE QUICKBOOKS

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