By 2026, Canada is projected to have approximately 45 million IoT devices, reflecting significant growth driven by smart home adoption and industrial automation. The high internet penetration rate of 92% supports this expansion, enabling seamless device connectivity across urban and rural areas. Canadians are increasingly relying on IoT solutions for energy management, security, and healthcare, fostering a digitally connected lifestyle.
The average internet speed of 150 Mbps underpins the country's robust digital infrastructure, facilitating efficient IoT operations. The smart home market accounts for 38% of IoT device usage, indicating widespread integration of connected devices into daily life. The annual IoT market revenue reaching around $6.2 billion CAD highlights Canada's strong position in the IoT ecosystem, with continued growth expected in the coming years.