Canada IoT Telecom Services Market Overview
As per MRFR analysis, the Canada IoT Telecom Services Market Size was estimated at 1.41 (USD Billion) in 2023.The Canada IoT Telecom Services Market is expected to grow from 1.89(USD Billion) in 2024 to 7.81 (USD Billion) by 2035. The Canada IoT Telecom Services Market CAGR (growth rate) is expected to be around 13.784% during the forecast period (2025 - 2035).
Key Canada IoT Telecom Services Market Trends Highlighted
The market for IoT telecom services in Canada is expanding significantly due to a number of important factors. Telecom companies are being forced to increase the scope of their IoT service offerings due to the growing need for improved connectivity solutions in industries like healthcare, transportation, and agriculture.
Through a number of programs designed to foster innovation and economic expansion in the digital sector, the Canadian government has been aggressively encouraging the adoption of IoT technologies. Since it fills in connectivity gaps and enables more firms to use IoT technology, investment in wireless infrastructure is essential, especially in rural areas.
The growing tendencies toward smart city initiatives and the incorporation of IoT in industrial applications are among the potential to be investigated in this industry. IoT technologies are being used more and more by Canadian municipalities to improve public services, manage resources more efficiently, and raise citizens' quality of life.
As farmers look for IoT applications for precision farming, which increases production and efficiency, the agriculture industry also offers a special potential. Consumers and businesses in Canada are becoming more interested in sustainability and energy efficiency, according to recent trends.Telecom companies are being pushed by this change to develop new IoT solutions that offer improved energy and pollution monitoring systems.
Furthermore, creating safe IoT platforms is becoming more and more important as worries about data privacy and security grow, which will help to build trust between businesses and users. Together, these trends—driven by Canada's unique demands and initiatives—create a dynamic environment for IoT telecom services in the area.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Canada IoT Telecom Services Market Drivers
Increased Adoption of Smart Devices
The growing adoption of smart devices in Canada is a significant driver for the Canada IoT Telecom Services Market. According to the Canadian Radio-television and Telecommunications Commission (CRTC), there was an increase of 23 percent in smart home device usage in urban households from 2019 to 2021.
This surge in smart device adoption translates into heightened demand for IoT telecom services, as consumers require reliable connectivity for their devices.
Major telecommunication companies like Bell Canada and Rogers Communications are actively expanding their IoT service offerings to capitalize on this trend. The integration of smart home technology with telecommunications services encourages the development of innovative solutions, contributing to market growth.
Government Initiatives and Funding
The Canadian government has recognized the potential of IoT technology and its impact on economic growth, launching initiatives to support its development and deployment. The National Research Council of Canada (NRC) has invested significantly in Research and Development (R&D) programs aimed at enhancing IoT infrastructure.
As of 2022, over CAD 400 million was allocated for the advancement of digital technologies, including IoT. These government initiatives promote innovation and attract private investments, thereby driving the growth of the Canada IoT Telecom Services Market as companies leverage funding opportunities to develop new telecom services.
Rising Focus on Smart City Developments
Municipalities across Canada are increasingly focusing on smart city initiatives to enhance urban living and improve operational efficiencies. According to the Federation of Canadian Municipalities, approximately 75 percent of Canadian cities have started implementing some form of smart technology in their infrastructure by 2022.
This trend entails deploying IoT solutions in areas such as traffic management, waste management, and public safety. Telecommunication providers like TELUS are collaborating with local governments to develop smart city applications, which, in turn, drives demand for IoT telecom services as the integration of these solutions requires robust connectivity and real-time data transmission.
Canada IoT Telecom Services Market Segment Insights
IoT Telecom Services Market Component Insights
The Canada IoT Telecom Services Market Component segment is a crucial part of the broader market landscape, reflecting the ongoing advancements and growing demand for Internet of Things capabilities across various sectors. The market segmentation consists of Connectivity Technology, Network Management Solutions, and Services, each playing a significant role in the overall ecosystem.
Connectivity Technology is vital for establishing efficient communication channels between devices, facilitating seamless data exchange in smart cities, manufacturing, and healthcare environments. As Canada strives to enhance its technological infrastructure, the emphasis on robust connectivity solutions is expected to increase, catering to the burgeoning number of IoT devices and applications.
Network Management Solutions are also pivotal, as they provide essential tools for monitoring, controlling, and optimizing network performance. With the increasing complexity of IoT deployments, effective network management becomes increasingly critical to ensure reliability, security, and efficient operation.
In Canada, the push for improved network performance is driven by initiatives aimed at supporting the rapid expansion of IoT applications in various industries, including transportation and agriculture. The ability to manage growing amounts of data traffic and devices efficiently is paramount for enterprises seeking to leverage IoT benefits.
Furthermore, the Services aspect within the Component segment encompasses a wide range of activities, including consulting, implementation, and support services that help organizations integrate and manage IoT technology effectively.
As businesses in Canada increasingly recognize the potential of IoT to transform operations, the demand for these services is expected to grow. Organizations seek expert guidance to maximize the return on investment in IoT and to navigate the challenges associated with deployment in a complex regulatory environment.In sum, the Component segment of the Canada IoT Telecom Services Market is characterized by its multifaceted nature and critical importance in contributing to the growth of IoT applications in the region.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
IoT Telecom Services Market Service Type Insights
The Canada IoT Telecom Services Market segmentation under the Service Type category includes critical aspects such as Device and Application Management, Business Consulting Services, IoT Billing and Subscription, Installation and Integration Services, and M2M Billing Services. Device and Application Management is essential, as it focuses on the efficient operation and monitoring of connected devices, which is vital for businesses adopting IoT solutions.
Business Consulting Services provide guidance on IoT strategy, helping organizations to navigate complex challenges and opportunities in the technology landscape. IoT Billing and Subscription is significant as it manages the financial aspects of deploying IoT services, catering to the growing demand for flexible pricing models.
Installation and Integration Services play a crucial role in ensuring that IoT systems are seamlessly implemented, facilitating connectivity between devices and platforms. Meanwhile, M2M Billing Services support the financial transactions associated with machine-to-machine communication, underlining the importance of connectivity in various industrial applications.This diverse range of services collectively contributes to the robust growth and adoption of IoT solutions across Canada’s sectors, reflecting its importance in the ongoing digital transformation initiatives throughout the region.
IoT Telecom Services Market Application Insights
The Canada IoT Telecom Services Market is seeing significant growth within the Application segment, driven by the increasing need for interconnected devices and smart solutions across various sectors. Smart Buildings are gaining traction as they enhance energy efficiency and improve the occupant experience, making them essential for urban development initiatives in major Canadian cities.
Automation applications streamline operational processes, contributing to both productivity increases and cost savings in various industries. Capillary Network Management is crucial for optimizing the performance of distributed systems, particularly in rural areas where connectivity is essential.
Vehicle Telematics offers real-time data for fleet management, aiding in logistics and reducing operational costs, thereby enhancing the overall efficiency of transportation networks. In Energy and Utilities, IoT solutions facilitate smarter resource management and predictive maintenance, aligning with Canada's commitment to sustainable energy practices.
Smart Healthcare is becoming increasingly important as it enables remote patient monitoring and personalized care, improving health outcomes in line with digital health initiatives. Other applications also play a vital role, encompassing diverse use cases that cater to both emerging and established markets, underscoring the broad reach and versatility of the Canada IoT Telecom Services Market segmentation.Through evolving technology and innovative implementations, these applications are poised to collectively enhance the quality of life and industry standards across Canada.
Canada IoT Telecom Services Market Key Players and Competitive Insights
The Canada IoT Telecom Services Market is witnessing significant growth as organizations across various sectors seek to leverage the benefits of connected devices and smart technology. The competitive landscape is characterized by a mix of established telecom giants and agile startups, all vying for market share through innovative solutions and customer-centric offerings.
As the demand for IoT connectivity and services escalates, companies are increasingly focusing on enhancing their infrastructure, optimizing their service delivery, and expanding their portfolios to meet the unique needs of different verticals, ranging from manufacturing to healthcare.This environment calls for continuous adaptation to technological advancements and robust investment strategies to maintain a competitive edge in the fast-evolving market dynamics.
Quebecor plays a significant role in the Canada IoT Telecom Services Market, leveraging its strong brand and comprehensive portfolio of services to offer integrated telecommunications solutions. Known for its expertise in cable and wireless networks, Quebecor delivers innovative IoT services tailored to various sectors, such as telecommunications, media, and entertainment.
The company has made strategic investments in expanding its infrastructure, ensuring robust connectivity and data management capabilities that cater to the growing demands of IoT applications. Additionally, Quebecor has pursued mergers and acquisitions that enhance its technological capabilities and market reach, positioning itself as a formidable player in the Canadian landscape.
Through continuous innovation and a customer-focused approach, Quebecor demonstrates a strong commitment to providing cutting-edge IoT solutions, establishing itself as a key competitor in the country's evolving market.
Key Companies in the Canada IoT Telecom Services Market Include:
- Quebecor
- Telus
- Bell Canada
- Sierra Wireless
- Rogers Communications
- Sasktel
- Videotron
Canada IoT Telecom Services Market Developments
In order to automate workflow, provisioning, and customer support operations in corporate markets, Bell Canada and ServiceNow announced in November 2023 that they would be deploying ServiceNow's ServiceBridge for enterprise telecom clients. Bell unveiled an AI-powered Network Operations (AI-Ops) solution in February 2025.
It was developed on Google Cloud and integrated BigQuery and Gemini models for proactive detection, automated problem solving, and productivity increases in network management of up to 75%. According to Canada's telecom commission, consumer complaints increased by 38% year over year in January 2025, with Rogers topping the increase.
This highlights customer experience issues in the face of swift digital service improvements. With the help of Samsung infrastructure, SaskTel upgraded more than half of its network footprint in June 2024 and extended its 5G network throughout rural and Indigenous communities, allowing for the spread of IoT in previously underserved areas.
In an action that could have an impact on IoT connectivity regulations and the dynamics of the competitive environment, Quebecor started arbitration proceedings in February 2024 to get access to Telus' network for MVNO services.
In the meantime, Sierra Wireless maintained its position as a major enabler of device integration by continuing to provide Canadian businesses with managed connection services, edge-to-cloud IoT gateways, and embedded modules.
In order to enable IoT-driven communication infrastructure and managed services across Canada, Bell, Rogers, Telus, Quebecor/Videotron, SaskTel, and Sierra Wireless cooperate and compete, as these developments illustrate.
Canada IoT Telecom Services Market Segmentation Insights
IoT Telecom Services Market Component Outlook
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- Connectivity Technology
- Network Management Solution
- Services
IoT Telecom Services Market Service Type Outlook
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- Device And Application Management
- Business Consulting Services
- IOT Billing And Subscription
- Installation And Integration Services
- M2M Billing Services
IoT Telecom Services Market Application Outlook
-
- Smart Buildings
- Automation
- Capillary Network Management
- Vehicle Telematics
- Energy And Utilities
- Smart Healthcare
- Others
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
1.41(USD Billion) |
| MARKET SIZE 2024 |
1.89(USD Billion) |
| MARKET SIZE 2035 |
7.81(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
13.784% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
TeraGo, Quebecor, Telus, Telit, Ciena Corporation, Bell Canada, Eastlink, Atria Networks, Novus Entertainment, Xplornet, Sierra Wireless, Shaw Communications, Rogers Communications, Sasktel, Videotron |
| SEGMENTS COVERED |
Component, Service Type, Application |
| KEY MARKET OPPORTUNITIES |
Smart city infrastructure development, Agricultural IoT solutions, Connected healthcare services expansion, Industrial automation and monitoring, Enhanced mobile network coverage |
| KEY MARKET DYNAMICS |
growing demand for connectivity, advancements in 5G technology, increased adoption of smart devices, regulatory support for IoT, rising focus on data security |
| COUNTRIES COVERED |
Canada |
Frequently Asked Questions (FAQ) :
The Canada IoT Telecom Services Market is projected to be valued at 1.89 USD Billion in 2024.
By 2035, the Canada IoT Telecom Services Market is expected to reach a valuation of 7.81 USD Billion.
The expected CAGR for the Canada IoT Telecom Services Market from 2025 to 2035 is 13.784%.
Major players in the market include TeraGo, Quebecor, Telus, and Bell Canada among others.
The Connectivity Technology segment is projected to be valued at 3.41 USD Billion by 2035.
The Network Management Solution segment is anticipated to experience significant growth during the 2025 to 2035 period.
The Services component is expected to be valued at approximately 2.17 USD Billion in 2035.
The market presents numerous opportunities driven by increasing demand for IoT solutions and enhanced connectivity.
The competitive landscape is characterized by multiple strong players striving for market share and innovation.
Key growth drivers include expanding IoT applications, technological advancements, and increased investment in telecom infrastructure.
