Software

In North America, the software market is projected to reach US$379.90 billion in 2024, with Enterprise Software dominating the market at a projected volume of US$158.60 billion. The annual growth rate (CAGR 2024-2028) is expected to be 4.10% resulting in a market volume of US$446.10 billion by 2028.

Manufacturing

The value added in the Manufacturing market in the U.S. and Canada combined is projected to amount to approximately US$2.9 trillion in 2024. Output in the Manufacturing sector across both countries is anticipated to grow by roughly US$3.7 trillion in 2024. Operational enterprises total around 636.8 thousand, with current employment reaching approximately 14.23 million people in 2024. Within this, Advanced Manufacturing represents a significant portion, accounting for approximately US$740 billion of output, driven by technological innovation and increased productivity. The combined market is expected to grow at a compound annual growth rate of about 2.35% from 2024 to 2028.

Defense

In 2024, the Defense market in the U.S. and Canada is projected to achieve approximately US$962 billion in value added, with total output reaching around US$1.45 trillion. Canada's commitment to meeting NATO's 2% GDP defense-spending target by 2032 highlights substantial domestic growth potential. Additionally, growing international exports to NATO and allied nations provide significant opportunities. The market is increasingly driven by innovation, focusing on agile contracting, AI-powered technologies, autonomous systems, and rapid prototyping, with an expected compound annual growth rate of 4.1% through 2028.

Infrastructure

In 2024, the Critical Infrastructure market in the U.S. and Canada, including renewable energy projects, data centers, recycling facilities, and natural resource refineries, is projected to reach US$1.37 trillion in value added, with output exceeding US$2.2 trillion. Driven by infrastructure modernization and rising international exports of sustainable products and technologies, the sector offers attractive investment opportunities and an anticipated growth rate of approximately 4.6% through 2028.

Mining

In 2024, the Mining market in the U.S. and Canada, particularly focused on critical minerals including lithium, cobalt, nickel, and rare earth elements, is projected to reach approximately US$289 billion in value added, with total output surpassing US$480 billion. Global demand driven by battery technology, renewable energy, and sustainable solutions is accelerating innovation, production, and international exports, supporting an anticipated compound annual growth rate of about 3.9% through 2028.

Agriculture

In 2024, the Agriculture market across the U.S. and Canada is projected to achieve approximately US$314 billion in value added, with total output exceeding US$590 billion. Rapid advancements in agricultural technology, including precision farming, AI-driven analytics, vertical farming, and sustainable practices, are increasing productivity, sustainability, and international exports. Driven by innovation, the sector is expected to grow at a compound annual growth rate of approximately 3.7% through 2028.