Canada’s performance in wireless technologies and applications continues to draw international investors. Along with a highly educated and experienced workforce, competitive labour costs, world-class R&D and favourable tax rates and benefits, Canada also offers a savvy and fast-growing consumer market: Canadian consumers will spend some $6 billion on mobile devices in 2012 and by the end of that year, the number of smart phones in the country is expected to equal that of portable PCs.
- Among Canada’s 300 wireless firms are one-quarter of North America’s fastest growing companies in the sector. 1
- The Canadian market for telecom services is expected to generate revenues of $43.5 billion in 2012, with wireless data becoming the fastest growing segment. 2
- Canada’s wireless and telecommunications firms spend more than $6.2 billion annually on research and development.
- Between 2003 and 2011, more than 20 foreign companies established greenfield projects in Canada’s wireless-communications industry.
- Canadian firms are at the forefront of next-generation network (NGN) technologies, nanomaterials and power amplifiers: advances that will reduce the size, weight and power consumption of wireless equipment.
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