Digital technology firms in Atlantic Canada are making a large and growing contribution to the regional economy, but factors such as labour force availability, financing to scale up and weak digital adoption rates must improve to sustain its progress, according to APEC's new report Digital Technology Firms: Their Importance and Role in Atlantic Canada’s Economy. 

The digital industry in Atlantic Canada is evolving rapidly but its size and impact have been largely unknown until now.  The APEC report was commissioned by TechImpact to better understand the scope and importance of digital technology firms in Atlantic Canada and set a benchmark for its future growth. The study identifies that digital technology firms in Atlantic Canada accounted for $6.1 billion in revenue in 2017, up from $5.2 billion in 2014.