It’s a time of rapid change and disruption for companies in the technology, media, and telecommunications (TMT) industry, from shifting consumer preferences, to increasing regulation, economic fluctuations, and rapidly evolving technologies. The exponential increase of content, channels, and technologies has driven growth and demand, while increasing costs have shrunk margins. Shifting revenue models are forcing many TMT firms to pivot or find new cost structures for organic revenue growth.
In the Canadian technology space, companies aim to differentiate their product offerings, scale their product portfolio, and expand their footprint globally, however, they face ongoing regulatory, compliance, and sustainability pressures. The media industry in Canada is also impacted by tariffs, new technology trends and changing consumer behaviours, prompting many to adapt their business models. In the telecom space, there’s an increasing focus on growth and efficiencies, whether looking to divest non-core assets or move into peripheral sectors such as health and agriculture.
TMT companies are at an inflection point where they need to define their vision and strategy moving forward. Those who can adapt to these evolving market forces during a time of rapid change and technological evolution will gain a competitive edge.
