Research and Markets (http://www.researchandmarkets.com/research/2dlbjr/it_market_in_canad) has announced the addition of the "IT Market in Canada 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the government's support for IT initiatives. The IT market in Canada has also witnessed a rise in mergers and acquisitions. However, the shortage of talent and skills could pose a challenge to the growth of this market.
Key vendors dominating this market space include IBM Corp., Hewlett Packard Co., Microsoft Corp., and Cisco Systems Inc.
Commenting on the report, an analyst from TechNavio's IT Services team said; Most of the organizations in Canada are increasingly adopting virtualization solutions to optimize resources and enhance their efficiency. Small and Medium-sized Businesses (SMBs) in particular are looking for effective methods to improve their networks and to concentrate on their core competencies instead of spending money and manpower on IT which is used just as a support. In Canada, more than 63 percent of organizations that employ more than 500 employees, and about 40 percent of the organizations that employ 100-499 employees, use server virtualization, and these figures are expected to increase over the next few years. Furthermore, desktop virtualization has been on the rise and the number of companies adopting desktop virtualization is expected to increase significantly over the next few years.
According to the report, the demand for data storage, and subsequently for data centers, has been on the rise because of the increasing amount of data. The use of a large amount of data requires digitization, thereby increasing the need for storage capacity. In addition, the need for backup and for secure access is also on the rise. Moreover, many Canadian firms that have data centers in the US are more than willing to move them to Canada. This has further increased the demand for storage, which has led to the increasing need for infrastructure support.
Further, the report also discusses that the shortage of talent and skills may hinder the growth of the IT market in Canada.
For more information visit http://www.researchandmarkets.com/research/2dlbjr/it_market_in_canad