Canadian Web2.0 Boom?
January 22nd, 2008
From Techvibes: “Toronto-based IDC Canada reported last week that despite the slowing economy in the US, Canada’s technology industry is still poised for substantial growth this year. According to IDC’s report, end-users are expected to spend no less than $81.5 Billion in technology products and related services this year pushing growth in the Canadian IT sector above that of the national GDP and the US economy.
[…] opportunities are growing areas in such as Web 2.0, unified communications and wireless mobile technology.“
It’s pretty interesting to know that growth will not be affected, but seeing how the Canadian stock market reacted yesterday (following bad news from USA), I’m not so sure our growth will be that high. We have to remember that Canada is a small market compared to the USA (roughly 10% in size).
The good news is that if you can survive doing business only in Canada, then your business will surely grow when the US economy will return to its bully stage.
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