Toronto is the leading tech hub in Canada, with more than 24,000 IT companies that provide a wide range of software solutions for both internal and external markets. The high level of tech and IT education and the long tech tradition made the city a global tech hub and new media development. 

In 2025, more than 289,000 IT professionals will be working in Toronto and delivering services to companies, corporations, and international institutions. The entire IT sector contributes to the local economy with more than $8B annually, making the sector one of the best-paid in the region, and probably in the country. 

According to Toronto.ca, the job distribution in the city is as follows: More than half of the IT employees are engaged in delivering Computer System Designs and related services (60.2%). Almost a quarter work in the field of Telecommunications (21.2%).  The other jobs in the field are divided into the following sectors: Computer and Electronic Product Manufacturing (7%), Software Publishers (3%), Electronic and Precision Equipment Manufacturing (1.6%), and Internet Providers (1.5%). 

Toronto also hosts tech giants and international corporations that invest in the IT sector, providing jobs for skilled professionals. Companies such as Bell, Cisco, Alphabet, IBM, Microsoft, and Oracle are active in the IT field and are among the biggest players and creators of startup accelerator programs, incubators, partnership programs, and more. 

According to the Tracxn research, the leading accelerators and incubator programs in Toronto are MaRS Discovery District, Ontario Brain Institute, OneEleven, the DMZ, TIAP, and many more. 

On average, the tech salary in Toronto is $60,077/year, which is a good indicator for one of the leading tech hubs in North America. This makes not only Toronto a highly attractive city for IT investments, but also the entire region. 

All in all, Toronto continues to be one of the leading cities in tech and IT and has the potential to become a new entry in the top 5 North American tech cities. 

As of 2025, there are 620+ registered and active IT companies from Toronto on TechBehemoths.

Software development is the service of creating custom software applications for specific business requirements. This process involves designing, developing, testing, and releasing the applications. Useful in this regard are programming languages, frameworks, and other different methods that are used to ensure the creation of robust software that will handle a large number of users.

Software development includes many specific services such as Custom Software Development, Web Application Development, Mobile App Development, Software Testing and Quality Assurance, Software Maintenance and Support, E-commerce Development, Cloud-based Solutions, etc.

According to Statista, revenue in the Software market is projected to reach US$659.00bn in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.42% from 2023 to 2028.

The importance of Software Development Services is obvious. This results in:

• Productivity increase;

• Improving the user experience 

• Increasing efficiency and productivity 

• Providing solutions that can scale as the business grows;

• Ensuring data security and preventing unauthorized access

Selecting the right software development company to partner with can be a difficult task. That's why, it's good, when you make this choice, to consider the following aspects:

1. Expertise and Experience of the company in delivering similar projects successfully.

2. Check Portfolios and References to get an idea of their reputation and the quality of their works

3. Evaluate the technical skills and qualifications of the development team.

4. Communication and Collaboration are key to a successful partnership.

5. Discussing costs and budget is important to avoid unexpected expenses.

6. Timely delivery is crucial to avoid unnecessary delays.

7. It's important to have ongoing support, bug fixes, and updates once the software is deployed.

By carefully considering these aspects, you can make an informed decision and select the right software development company, because it can rightly be said that Software Development Services represent an investment for long-term success. And it doesn't matter if it is a small startup or a large enterprise, software development can have a positive impact on your business.

There are more than 15892 service providers that specialize in various software development solutions on TechBehemoths. 

Discover the perfect Software Development Company by entering specific criteria on the main page, such as service, hourly rate, company name, location, or profile score. Apply filters and we will ensure a successful search.

Alternatively, you can simply submit your project, and within approximately one hour, our team will handpick the best company, this service is completely free.