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description: Explore Canadian business software trends for 2025, with insights on security tech investments and avoiding common challenges like unrealistic expectations.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress
title: Capterra's 2025 Tech Trends Report: Business software buying habits in Canada
---

# Tech Trends 2025: Mindful of security and ROI, Canadian businesses adopt software to support growth

Canonical: https://www.capterra.ca/blog/7556/tech-trends-canada-business-software-buying

Published on 2024-11-20 | Written by Eduardo Garcia.

![Tech Trends 2025: Mindful of security and ROI, Canadian businesses adopt software to support growth](https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png)

> Canadian businesses are betting on technology to fuel growth in 2025, but will those investments pay off? From boosting innovation to avoiding costly mistakes, we break down the latest software buying trends and reveal how to make smarter tech investments next year.

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## Article Content

Canadian businesses are betting on technology to fuel growth in 2025, but will those investments pay off? From boosting innovation to avoiding costly mistakes, we break down the latest software buying trends and reveal how to make smarter tech investments next year.In this articleBusinesses are preparing for growth by prioritizing technology that can help them expand efficientlyOrganizations are leaning on learning management and BI tools to support growthSecurity is the biggest concern when planning software investmentsCompanies seek quick ROI—clear goals and vendor support can helpRealistic and measurable planning can determine successful investmentsAs Canadian businesses are preparing to finish out 2024, and looking forward to 2025, many are expressing confidence in their growth trajectories. With companies seeking opportunities to expand, technology can be a cornerstone for supporting this anticipated growth. Whether it is for managing training courses with learning management systems, supporting growing teams with help desk software, or leveraging data with business intelligence tools, there are multiple ways that businesses can use technology to boost their growth. However, while optimism abounds, there are challenges and considerations that organizations must take into account as they invest in software to fuel their expansion. Most notably, ensuring security and achieving ROI.Capterra surveyed 350 Canadian professionals who are involved in the decision-making process when it comes to purchasing new business software within their company. Through this research, we have gathered insights on key buying trends in the software market and will provide tips on how Canadian companies can optimize their technology investments and strategies to maximize returns.\*Key insightsCanadian businesses plan to increase their software spending in 2025: 69% of Canadian organizations will spend more on software in the upcoming year, with 13% expecting to spend over 15% more than in 2024.Technological advancements are the most significant factor shaping Canadian business goals: 59% of respondents cite technological advancements as the key external factor shaping their business goals, ahead of competition. Learning management and business intelligence software are the tools businesses are adopting most in this moment of growth: 55% of respondents say their company has adopted a learning management system in the last 12 months, and 54% have adopted BI tools. Security is the leading concern when buying software: Security concerns (49%), data management (35%), and compatibility issues (35%) are the three main obstacles to successful software adoption.Canadian businesses want their investments to pay off quickly: 54% of respondents say senior leadership in their company expect to see positive ROI within six months of purchasing a new solution.Businesses are preparing for growth by prioritizing technology that can help them expand efficiently There is a picture of optimism in Canadian businesses. When asked about anticipated business growth over the next 18 months, 82% of Canadian businesses expect an increase in revenue, with 18% forecasting an impressive 15% or more in revenue growth. This positivity is mirrored in their spending plans—69% of Canadian organizations plan to increase their software spending in 2025, and 13% of them expect to raise their investment by over 15% compared to 2024.These strategies to invest more in software may be an indicator of the critical role technology can play in achieving business goals. While access to skilled workers and competition are important external factors shaping their organization’s goals, technological advancements stands out as the most significant one, according to 59% of respondents.As companies seek solutions to support their operations, improve customer engagement, and drive innovation, the alignment between growth expectations and tech investments signals a proactive approach to supporting business scalability. Canadian businesses are preparing for growth by prioritizing technology that can help them expand efficiently, respond to market changes, and improve operational performance. As they expand, the reliance on technology may grow further.Tip for SMBsBefore committing to new software, companies should perform a comprehensive cost-benefit analysis, ensuring their technology investments align with long-term growth strategies. Look for software that can scale with your business, particularly solutions that offer flexibility in adapting to future needs. This will allow for smoother transitions as your company expands, without requiring constant reinvestment in new tools.Organizations are leaning on learning management and BI tools to support growthOver the past 12 months, Canadian businesses have shown significant interest in software that enhances learning, collaboration, customer service, and business intelligence. The six most widely adopted software types during this period include:Learning management systems (55%)Business intelligence (BI) software (54%) Help desk and IT support (53%) Call center and customer service tools (52%) Collaboration tools (52%)Application development platforms (52%)The heightened interest in learning management systems and collaboration tools reflects a growing emphasis on improving employee training and fostering better communication and collaboration across teams, which is even more essential as a company grows. Additionally, businesses are also interested in optimizing their problem-solving capabilities, be it through IT-focused help desk support or general customer service tools. Also, to align tech investments with growth, businesses should focus on tools that support collaboration and performance monitoring. Business intelligence software can provide key insights into performance and identify areas for growth. These adoption trends suggest that businesses are looking for tools that improve internal processes, enhance customer interaction, and support innovation in product development. As businesses become more technology-driven, they are prioritizing solutions that can streamline operations and provide better data-driven insights.Tip for SMBsIf your business is looking to invest in tools that enhance collaboration, data analysis, and customer service, ensure you have a strong integration strategy in place, particularly if your business is adopting multiple software solutions. Tools that can connect and share data across departments can simplify workflows and help you get a holistic view of business operations and customer needs.Security is the biggest concern when planning software investmentsDespite expressing optimism in growth, businesses face several critical challenges when it comes to buying new software. The top obstacles include:Security concerns (48%)Data management (35%)Compatibility with existing systems (35%)As companies invest in new technology to support growth, they must be mindful of the challenges associated with security, integration, and data management. These challenges become more pressing as businesses scale, and failing to address them can lead to inefficiencies, security breaches, and operational disruptions.Moreover, buyer’s remorse is a real concern—56% of decision-makers surveyed say they regret at least one of the technology purchases they’ve made in the past 18 months. Many of these regrets are rooted in poor decision-making during the software selection process, with the most common regrets being related to security software, product-related issues like pricing or onboarding problems, and vendor performance issues such as unmet expectations.Consequently, inadequate planning and hasty decisions can contribute to buyer’s remorse, often due to underestimating the complexity of these issues or choosing vendors that fail to meet expectations.4 tips for avoiding common software investment pitfallsInvesting in IT security and data protection software is essential. Tools that integrate with existing systems and provide end-to-end encryption will help address security and data management challenges However, before making a purchase, here are some steps to help you begin your search for the best IT security software for your needs. Ensure that your business has a solid security and data management strategy in place. Vet potential software vendors thoroughly, especially regarding how their tools will integrate with your existing systems. Evaluate security certifications, customer support options, and product scalability to ensure that the software can support both current and future business needs.Deploy cross-functional teams in the evaluation process to avoid overlooking critical compatibility concerns.Companies seek quick ROI—clear goals and vendor support can helpCanadian business leaders can often find themselves under significant pressure to ensure that their software investments pay off quickly. Over half—54%—say company leadership expects to see a positive return on investment (ROI) within six months of purchasing a new solution. While this reflects the urgency of demonstrating value, it can lead to unrealistic expectations if companies aren’t diligent in their planning and implementation.Short-term ROI can often be impacted by the effectiveness of training and adoption processes. Without a clear strategy for onboarding employees and integrating new software into existing workflows, even the most promising technology can fail to deliver expected returns in a timely manner.Determining whether six months is a feasible time frame to expect a positive return on investment for a software purchase depends on several factors. To assess this, here are some key questions to ask both internally and to potential vendors, and tips to help you manage your expectations and measure the success of your software investment.How complex is the software are we working with? While many tools and applications can deliver results within a six-month timeframe, complex systems like enterprise resource planning (ERP) or CRM platforms may take longer to reap noticeable rewards for several reasons. For example, ERP and CRM systems are deeply integrated into various business functions that may take longer to customize into specific workflows, or they require large volumes of data to transfer from legacy systems. Tip \#1: Conduct a thorough ROI analysis. Estimate the software's direct and indirect benefits. Consider all costs, including initial purchase, implementation, training, and ongoing maintenance.How time-consuming is the implementation?Software that can be deployed quickly and requires minimal customization is more likely to achieve ROI in half a year. However, if the software requires significant customization, data migration, or integration with other systems, the implementation phase alone could take several months. Tip \#2: Engage stakeholders. Ensure that all relevant stakeholders are involved in the planning and implementation process. Their buy-in and support can significantly impact the success and speed of achieving ROI.What scale of deployment are we looking at?For small-scale deployments, benefits might be realized more quickly, but for larger organizations or enterprise-level software, the rollout and adoption process can be lengthy.Tip \#3: Set milestones. Adopt a phased implementation strategy. Start with small-scale deployments to iron out any issues and allow your workforce to adopt it gradually. Will the software require intense training and onboarding?If the software is intuitive and easy to learn, this can shorten the time it takes to see ROI. However, steep learning curves, with extensive training and onboarding requirements, can delay the realization of benefits. Tip \#4: Seek vendor support. Strong vendor support can be crucial during this phase, so choose vendors that offer comprehensive training and onboarding assistance.What are our goals with this software implementation?If you have clear, measurable goals and metrics for success, it will be easier to track progress and achieve ROI. However, with ambiguous goals, and without clear metrics, it can be challenging to determine when ROI has been achieved.Tip \#5: Monitor and adjust. Regularly monitor the software's performance against your ROI goals. Be prepared to adjust your strategy or expectations based on real-world data.Realistic and measurable planning can determine successful investmentsAs the tech landscape keeps expanding towards 2025, Canadian businesses seem poised for growth in the next 18 months. As they prepare for this expansion, technology is one of the vehicles they are betting on to help support operational efficiency and innovation. However, optimism alone won’t deliver results when the road to expansion meets hazards. Security issues, data management, and integration issues remain key concerns that must be addressed to ensure successful software adoption. Meanwhile, buyer’s remorse can be waiting in the wings if you don’t plan wisely.Strategic planning is key when it comes to software investments. This includes emphasizing long-term planning, vendor vetting, and a focus on ROI to set businesses up for sustained success. Regularly evaluate software performance, ensure proper training, and choose solutions that can scale alongside your business. Moreover, remain flexible and adjust your technology stack as your business grows—a well-planned approach to software investment can make a big difference.As you evaluate tools to support your growth, consider the software categories that have seen significant adoption, such as learning management systems for employee training, business intelligence software for data-driven insights, and help desk solutions for enhancing customer service. Collaboration and communication are also pivotal to ensure that teams and stakeholders cooperate in decision-making, with call center tools offering ways to better engage with customers. With the right tools and a focus on long-term planning, your technology investments can pave the way for sustainable growth.

## Disclaimer

> Survey methodology\*Capterra’s 2025 Tech Trends Survey was conducted online in August 2024 among 3,500 respondents in the U.S. (n=700), U.K. (n=350), Canada (n=350), Australia (n=350), France (n=350), India (n=350), Germany (n=350), Brazil (n=350), and Japan (n=350), at businesses across multiple industries and company sizes (5 or more employees). The survey was designed to understand the timeline, organizational challenges, adoption \&amp; budget, vendor research behaviors, ROI expectations, and satisfaction levels for software buyers. This report focuses on the respondents from Canada. Respondents were screened to ensure their involvement in business software purchasing decisions.

## About the author

### Eduardo Garcia

Eduardo is a Content Analyst for the UK. Providing research and digital tech tips for SMBs. MA in Journalism and in Diplomatic Studies. Animal loving, sea revering, Mancunian.

## Related Categories

- [Enterprise Resource Planning Software](https://www.capterra.ca/directory/9/enterprise-resource-planning/software)
- [IT Asset Management Software](https://www.capterra.ca/directory/30077/it-asset-management/software)
- [IT Service Software](https://www.capterra.ca/directory/30672/it-service/software)
- [Network Monitoring Software](https://www.capterra.ca/directory/30019/network-monitoring/software)
- [Network Security Software](https://www.capterra.ca/directory/30003/network-security/software)

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From boosting innovation to avoiding costly mistakes, we break down the latest software buying trends and reveal how to make smarter tech investments next year.&lt;/b&gt;&lt;/p&gt;&lt;img title=&quot;CAP-US-Header-09-1-Buying Tools and Tips-User knows when they need software or may need software INTL 1200x630 Carrot DLVR (3)&quot; alt=&quot;&quot; class=&quot;aligncenter&quot; fetchpriority=&quot;high&quot; src=&quot;https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png&quot; srcset=&quot;https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png?w=400 400w, https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png?w=700 700w, https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png?w=1000 1000w, https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png?w=1500 1500w, https://images.ctfassets.net/63bmaubptoky/6X8a7Atv0CbeNJOxOSGFNt/8cc8bcc72870d82d493b143544edf2d3/CAP-US-Header-09-1-Buying_Tools_and_Tips-User_knows_when_they_need_software_or_may_need_software_INTL_1200x630_Carrot_DLVR__.png?w=2200 2200w&quot; sizes=&quot;(min-resolution: 2x) 2200px, (min-width: 992px) 1000px, 95vw&quot;/&gt;&lt;div class=&quot;table-of-contents&quot;&gt;&lt;h2 class=&quot;h3&quot;&gt;In this article&lt;/h2&gt;&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;#Businesses-are-preparing-for-growth-by-prioritizing-technology-that-can-help-them-expand-efficiently&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;table-of-contents&quot; data-evdst=&quot;jump-to_section&quot; data-evdtl=&quot;text-link_section-name&quot;&gt;Businesses are preparing for growth by prioritizing technology that can help them expand efficiently&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href=&quot;#Organizations-are-leaning-on-learning-management-and-BI-tools-to-support-growth&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;table-of-contents&quot; data-evdst=&quot;jump-to_section&quot; data-evdtl=&quot;text-link_section-name&quot;&gt;Organizations are leaning on learning management and BI tools to support growth&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href=&quot;#Security-is-the-biggest-concern-when-planning-software-investments&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;table-of-contents&quot; data-evdst=&quot;jump-to_section&quot; data-evdtl=&quot;text-link_section-name&quot;&gt;Security is the biggest concern when planning software investments&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href=&quot;#Companies-seek-quick-ROIclear-goals-and-vendor-support-can-help&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;table-of-contents&quot; data-evdst=&quot;jump-to_section&quot; data-evdtl=&quot;text-link_section-name&quot;&gt;Companies seek quick ROI—clear goals and vendor support can help&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href=&quot;#Realistic-and-measurable-planning-can-determine-successful-investments&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;table-of-contents&quot; data-evdst=&quot;jump-to_section&quot; data-evdtl=&quot;text-link_section-name&quot;&gt;Realistic and measurable planning can determine successful investments&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;&lt;p&gt;As Canadian businesses are preparing to finish out 2024, and looking forward to 2025, many are expressing confidence in their growth trajectories. With companies seeking opportunities to expand, technology can be a cornerstone for supporting this anticipated growth. Whether it is for managing training courses with &lt;a href=&quot;/directory/30020/learning-management-system/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;learning management systems&lt;/a&gt;, supporting growing teams with &lt;a href=&quot;/directory/30008/help-desk/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;help desk software&lt;/a&gt;, or leveraging data with &lt;a href=&quot;/directory/23/business-intelligence/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;business intelligence tools&lt;/a&gt;, there are multiple ways that businesses can use technology to boost their growth. However, while optimism abounds, there are challenges and considerations that organizations must take into account as they invest in software to fuel their expansion. Most notably, ensuring security and achieving ROI.&lt;/p&gt;&lt;p&gt;Capterra surveyed 350 Canadian professionals who are involved in the decision-making process when it comes to purchasing new business software within their company. Through this research, we have gathered insights on key buying trends in the software market and will provide tips on how Canadian companies can optimize their technology investments and strategies to maximize returns.*&lt;/p&gt;&lt;div class=&quot;box-hint&quot;&gt;&lt;div class=&quot;box-header fw-700 mb-4&quot;&gt;&lt;svg viewbox=&quot;0 0 26 28&quot; aria-hidden=&quot;true&quot; class=&quot;icon icon-star box-header__icon align-middle mb-1 me-2&quot;&gt;&lt;path d=&quot;M26 10.109c0 0.281-0.203 0.547-0.406 0.75l-5.672 5.531 1.344 7.812c0.016 0.109 0.016 0.203 0.016 0.313 0 0.406-0.187 0.781-0.641 0.781-0.219 0-0.438-0.078-0.625-0.187l-7.016-3.687-7.016 3.687c-0.203 0.109-0.406 0.187-0.625 0.187-0.453 0-0.656-0.375-0.656-0.781 0-0.109 0.016-0.203 0.031-0.313l1.344-7.812-5.688-5.531c-0.187-0.203-0.391-0.469-0.391-0.75 0-0.469 0.484-0.656 0.875-0.719l7.844-1.141 3.516-7.109c0.141-0.297 0.406-0.641 0.766-0.641s0.625 0.344 0.766 0.641l3.516 7.109 7.844 1.141c0.375 0.063 0.875 0.25 0.875 0.719z&quot;&gt;&lt;/path&gt;&lt;/svg&gt;Key insights&lt;/div&gt;&lt;ul&gt;&lt;li&gt;&lt;b&gt;Canadian businesses plan to increase their software spending in 2025:&lt;/b&gt; 69% of Canadian organizations will spend more on software in the upcoming year, with 13% expecting to spend over 15% more than in 2024.&lt;/li&gt;&lt;li&gt;&lt;b&gt;Technological advancements are the most significant factor shaping Canadian business goals&lt;/b&gt;: 59% of respondents cite technological advancements as the key external factor shaping their business goals, ahead of competition. &lt;/li&gt;&lt;li&gt;&lt;b&gt;Learning management and business intelligence software are the tools businesses are adopting most in this moment of growth:&lt;/b&gt; 55% of respondents say their company has adopted a learning management system in the last 12 months, and 54% have adopted BI tools. &lt;/li&gt;&lt;li&gt;&lt;b&gt;Security is the leading concern when buying software:&lt;/b&gt; Security concerns (49%), data management (35%), and compatibility issues (35%) are the three main obstacles to successful software adoption.&lt;/li&gt;&lt;li&gt;&lt;b&gt;Canadian businesses want their investments to pay off quickly&lt;/b&gt;: 54% of respondents say senior leadership in their company expect to see positive ROI within six months of purchasing a new solution.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;/p&gt;&lt;/div&gt;&lt;h2 id=&quot;Businesses-are-preparing-for-growth-by-prioritizing-technology-that-can-help-them-expand-efficiently&quot;&gt;Businesses are preparing for growth by prioritizing technology that can help them expand efficiently &lt;/h2&gt;&lt;p&gt;There is a picture of optimism in Canadian businesses. When asked about anticipated business growth over the next 18 months, 82% of Canadian businesses expect an increase in revenue, with 18% forecasting an impressive 15% or more in revenue growth. This positivity is mirrored in their spending plans—69% of Canadian organizations plan to increase their software spending in 2025, and 13% of them expect to raise their investment by over 15% compared to 2024.&lt;/p&gt;&lt;p&gt;These strategies to invest more in software may be an indicator of the critical role technology can play in achieving business goals. While access to skilled workers and competition are important external factors shaping their organization’s goals, technological advancements stands out as the most significant one, according to 59% of respondents.&lt;/p&gt;&lt;img title=&quot;External factors shaping business goals for Canadian businesses- CA- Capterra- Infographic 1&quot; alt=&quot;External factors shaping business goals for Canadian businesses&quot; class=&quot;aligncenter&quot; loading=&quot;lazy&quot; src=&quot;https://images.ctfassets.net/63bmaubptoky/15geiNbBOXGKv8Wk2f8xxK/ca06093b0ec80a49f0954bea2431a6b3/External_factors_shaping_business_goals_for_Canadian_businesses-_CA-_Capterra-_Infographic_1.png&quot; srcset=&quot;https://images.ctfassets.net/63bmaubptoky/15geiNbBOXGKv8Wk2f8xxK/ca06093b0ec80a49f0954bea2431a6b3/External_factors_shaping_business_goals_for_Canadian_businesses-_CA-_Capterra-_Infographic_1.png?w=400 400w, https://images.ctfassets.net/63bmaubptoky/15geiNbBOXGKv8Wk2f8xxK/ca06093b0ec80a49f0954bea2431a6b3/External_factors_shaping_business_goals_for_Canadian_businesses-_CA-_Capterra-_Infographic_1.png?w=700 700w, https://images.ctfassets.net/63bmaubptoky/15geiNbBOXGKv8Wk2f8xxK/ca06093b0ec80a49f0954bea2431a6b3/External_factors_shaping_business_goals_for_Canadian_businesses-_CA-_Capterra-_Infographic_1.png?w=1000 1000w, https://images.ctfassets.net/63bmaubptoky/15geiNbBOXGKv8Wk2f8xxK/ca06093b0ec80a49f0954bea2431a6b3/External_factors_shaping_business_goals_for_Canadian_businesses-_CA-_Capterra-_Infographic_1.png?w=1500 1500w, https://images.ctfassets.net/63bmaubptoky/15geiNbBOXGKv8Wk2f8xxK/ca06093b0ec80a49f0954bea2431a6b3/External_factors_shaping_business_goals_for_Canadian_businesses-_CA-_Capterra-_Infographic_1.png?w=2200 2200w&quot; sizes=&quot;(min-resolution: 2x) 2200px, (min-width: 992px) 1000px, 95vw&quot;/&gt;&lt;p&gt;As companies seek solutions to support their operations, improve customer engagement, and drive innovation, the alignment between growth expectations and tech investments signals a proactive approach to supporting business scalability. Canadian businesses are preparing for growth by prioritizing technology that can help them expand efficiently, respond to market changes, and improve operational performance. As they expand, the reliance on technology may grow further.&lt;/p&gt;&lt;div class=&quot;box-hint&quot;&gt;&lt;div class=&quot;box-header fw-700 mb-4&quot;&gt;&lt;svg viewbox=&quot;0 0 16 16&quot; aria-hidden=&quot;true&quot; class=&quot;icon icon-lightbulb box-header__icon align-middle mb-1 me-2&quot;&gt;&lt;path fill-rule=&quot;evenodd&quot; clip-rule=&quot;evenodd&quot; d=&quot;M4.98035 14.5098C4.98035 14.1776 5.24966 13.9083 5.58186 13.9083H10.5491C10.8813 13.9083 11.1506 14.1776 11.1506 14.5098C11.1506 14.842 10.8813 15.1113 10.5491 15.1113H5.58186C5.24966 15.1113 4.98035 14.842 4.98035 14.5098Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;path fill-rule=&quot;evenodd&quot; clip-rule=&quot;evenodd&quot; d=&quot;M4.98035 13.5164C4.98035 13.1842 5.24966 12.9149 5.58186 12.9149H10.5491C10.8813 12.9149 11.1506 13.1842 11.1506 13.5164C11.1506 13.8486 10.8813 14.1179 10.5491 14.1179H5.58186C5.24966 14.1179 4.98035 13.8486 4.98035 13.5164Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;path fill-rule=&quot;evenodd&quot; clip-rule=&quot;evenodd&quot; d=&quot;M8.06549 1.20301C5.38001 1.20301 3.20301 3.38001 3.20301 6.06549C3.20301 7.44115 3.7735 8.68254 4.69241 9.56779C4.9541 9.81989 5.20656 10.1313 5.37115 10.5134L5.97769 11.9214H10.1533L10.7598 10.5134C10.9244 10.1313 11.1769 9.81989 11.4386 9.56779C12.3575 8.68254 12.928 7.44115 12.928 6.06549C12.928 3.38001 10.751 1.20301 8.06549 1.20301ZM2 6.06549C2 2.71561 4.71561 0 8.06549 0C11.4154 0 14.131 2.71561 14.131 6.06549C14.131 7.7813 13.4177 9.33156 12.2732 10.4342C12.0857 10.6148 11.9469 10.7985 11.8647 10.9893L11.1015 12.7609C11.0065 12.9815 10.7893 13.1244 10.5491 13.1244H5.58186C5.34164 13.1244 5.12446 12.9815 5.02943 12.7609L4.26629 10.9893C4.18411 10.7985 4.0453 10.6148 3.85778 10.4342C2.71323 9.33156 2 7.7813 2 6.06549Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;path d=&quot;M5.58186 15.0065H10.5491L10.3184 15.468C10.1554 15.794 9.82212 16 9.45759 16H6.67338C6.30885 16 5.9756 15.794 5.81258 15.468L5.58186 15.0065Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;/svg&gt;Tip for SMBs&lt;/div&gt;Before committing to new software, companies should perform a comprehensive cost-benefit analysis, ensuring their technology investments align with long-term growth strategies. Look for software that can scale with your business, particularly solutions that offer flexibility in adapting to future needs. This will allow for smoother transitions as your company expands, without requiring constant reinvestment in new tools.&lt;/div&gt;&lt;h2 id=&quot;Organizations-are-leaning-on-learning-management-and-BI-tools-to-support-growth&quot;&gt;Organizations are leaning on learning management and BI tools to support growth&lt;/h2&gt;&lt;p&gt;Over the past 12 months, Canadian businesses have shown significant interest in software that enhances learning, collaboration, customer service, and business intelligence. The six most widely adopted software types during this period include:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;/directory/30020/learning-management-system/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;Learning management systems&lt;/a&gt; (55%)&lt;/li&gt;&lt;li&gt;&lt;a href=&quot;/directory/23/business-intelligence/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;Business intelligence (BI) software&lt;/a&gt; (54%) &lt;/li&gt;&lt;li&gt;&lt;a href=&quot;/directory/30008/help-desk/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;Help desk&lt;/a&gt; and IT support (53%) &lt;/li&gt;&lt;li&gt;&lt;a href=&quot;/directory/30007/call-center/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;Call center&lt;/a&gt; and &lt;a href=&quot;/directory/22/customer-service/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;customer service tools &lt;/a&gt;(52%) &lt;/li&gt;&lt;li&gt;&lt;a href=&quot;/directory/15/collaboration/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;Collaboration tools&lt;/a&gt; (52%)&lt;/li&gt;&lt;li&gt;&lt;a href=&quot;/directory/30082/application-development/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;Application development platforms &lt;/a&gt;(52%)&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;The heightened interest in learning management systems and collaboration tools reflects a growing emphasis on improving employee training and fostering better communication and collaboration across teams, which is even more essential as a company grows. Additionally, businesses are also interested in optimizing their problem-solving capabilities, be it through IT-focused help desk support or general customer service tools. &lt;/p&gt;&lt;p&gt;Also, to align tech investments with growth, businesses should focus on tools that support collaboration and performance monitoring. Business intelligence software can provide key insights into performance and identify areas for growth. &lt;/p&gt;&lt;p&gt;These adoption trends suggest that businesses are looking for tools that improve internal processes, enhance customer interaction, and support innovation in product development. As businesses become more technology-driven, they are prioritizing solutions that can streamline operations and provide better data-driven insights.&lt;/p&gt;&lt;div class=&quot;box-hint&quot;&gt;&lt;div class=&quot;box-header fw-700 mb-4&quot;&gt;&lt;svg viewbox=&quot;0 0 16 16&quot; aria-hidden=&quot;true&quot; class=&quot;icon icon-lightbulb box-header__icon align-middle mb-1 me-2&quot;&gt;&lt;path fill-rule=&quot;evenodd&quot; clip-rule=&quot;evenodd&quot; d=&quot;M4.98035 14.5098C4.98035 14.1776 5.24966 13.9083 5.58186 13.9083H10.5491C10.8813 13.9083 11.1506 14.1776 11.1506 14.5098C11.1506 14.842 10.8813 15.1113 10.5491 15.1113H5.58186C5.24966 15.1113 4.98035 14.842 4.98035 14.5098Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;path fill-rule=&quot;evenodd&quot; clip-rule=&quot;evenodd&quot; d=&quot;M4.98035 13.5164C4.98035 13.1842 5.24966 12.9149 5.58186 12.9149H10.5491C10.8813 12.9149 11.1506 13.1842 11.1506 13.5164C11.1506 13.8486 10.8813 14.1179 10.5491 14.1179H5.58186C5.24966 14.1179 4.98035 13.8486 4.98035 13.5164Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;path fill-rule=&quot;evenodd&quot; clip-rule=&quot;evenodd&quot; d=&quot;M8.06549 1.20301C5.38001 1.20301 3.20301 3.38001 3.20301 6.06549C3.20301 7.44115 3.7735 8.68254 4.69241 9.56779C4.9541 9.81989 5.20656 10.1313 5.37115 10.5134L5.97769 11.9214H10.1533L10.7598 10.5134C10.9244 10.1313 11.1769 9.81989 11.4386 9.56779C12.3575 8.68254 12.928 7.44115 12.928 6.06549C12.928 3.38001 10.751 1.20301 8.06549 1.20301ZM2 6.06549C2 2.71561 4.71561 0 8.06549 0C11.4154 0 14.131 2.71561 14.131 6.06549C14.131 7.7813 13.4177 9.33156 12.2732 10.4342C12.0857 10.6148 11.9469 10.7985 11.8647 10.9893L11.1015 12.7609C11.0065 12.9815 10.7893 13.1244 10.5491 13.1244H5.58186C5.34164 13.1244 5.12446 12.9815 5.02943 12.7609L4.26629 10.9893C4.18411 10.7985 4.0453 10.6148 3.85778 10.4342C2.71323 9.33156 2 7.7813 2 6.06549Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;path d=&quot;M5.58186 15.0065H10.5491L10.3184 15.468C10.1554 15.794 9.82212 16 9.45759 16H6.67338C6.30885 16 5.9756 15.794 5.81258 15.468L5.58186 15.0065Z&quot; fill=&quot;black&quot;&gt;&lt;/path&gt;&lt;/svg&gt;Tip for SMBs&lt;/div&gt;If your business is looking to invest in tools that enhance collaboration, data analysis, and customer service, ensure you have a strong integration strategy in place, particularly if your business is adopting multiple software solutions. Tools that can connect and share data across departments can simplify workflows and help you get a holistic view of business operations and customer needs.&lt;/div&gt;&lt;h2 id=&quot;Security-is-the-biggest-concern-when-planning-software-investments&quot;&gt;Security is the biggest concern when planning software investments&lt;/h2&gt;&lt;p&gt;Despite expressing optimism in growth, businesses face several critical challenges when it comes to buying new software. The top obstacles include:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Security concerns (48%)&lt;/li&gt;&lt;li&gt;Data management (35%)&lt;/li&gt;&lt;li&gt;Compatibility with existing systems (35%)&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;As companies invest in new technology to support growth, they must be mindful of the challenges associated with security, integration, and data management. These challenges become more pressing as businesses scale, and failing to address them can lead to inefficiencies, security breaches, and operational disruptions.&lt;/p&gt;&lt;p&gt;Moreover, buyer’s remorse is a real concern—56% of decision-makers surveyed say they regret at least one of the technology purchases they’ve made in the past 18 months. Many of these regrets are rooted in poor decision-making during the software selection process, with the most common regrets being related to security software, product-related issues like pricing or onboarding problems, and vendor performance issues such as unmet expectations.&lt;/p&gt;&lt;p&gt;Consequently, inadequate planning and hasty decisions can contribute to buyer’s remorse, often due to underestimating the complexity of these issues or choosing vendors that fail to meet expectations.&lt;/p&gt;&lt;div class=&quot;box-hint&quot;&gt;&lt;div class=&quot;box-header fw-700 mb-4&quot;&gt;&lt;svg viewbox=&quot;0 0 24 24&quot; aria-hidden=&quot;true&quot; class=&quot;icon icon-gear box-header__icon align-middle mb-1 me-2&quot;&gt;&lt;path d=&quot;M 9.6660156 2 L 9.1757812 4.5234375 C 8.3516137 4.8342536 7.5947862 5.2699307 6.9316406 5.8144531 L 4.5078125 4.9785156 L 2.171875 9.0214844 L 4.1132812 10.708984 C 4.0386488 11.16721 4 11.591845 4 12 C 4 12.408768 4.0398071 12.832626 4.1132812 13.291016 L 4.1132812 13.292969 L 2.171875 14.980469 L 4.5078125 19.021484 L 6.9296875 18.1875 C 7.5928951 18.732319 8.3514346 19.165567 9.1757812 19.476562 L 9.6660156 22 L 14.333984 22 L 14.824219 19.476562 C 15.648925 19.165543 16.404903 18.73057 17.068359 18.185547 L 19.492188 19.021484 L 21.826172 14.980469 L 19.886719 13.291016 C 19.961351 12.83279 20 12.408155 20 12 C 20 11.592457 19.96113 11.168374 19.886719 10.710938 L 19.886719 10.708984 L 21.828125 9.0195312 L 19.492188 4.9785156 L 17.070312 5.8125 C 16.407106 5.2676813 15.648565 4.8344327 14.824219 4.5234375 L 14.333984 2 L 9.6660156 2 z M 11.314453 4 L 12.685547 4 L 13.074219 6 L 14.117188 6.3945312 C 14.745852 6.63147 15.310672 6.9567546 15.800781 7.359375 L 16.664062 8.0664062 L 18.585938 7.40625 L 19.271484 8.5917969 L 17.736328 9.9277344 L 17.912109 11.027344 L 17.912109 11.029297 C 17.973258 11.404235 18 11.718768 18 12 C 18 12.281232 17.973259 12.595718 17.912109 12.970703 L 17.734375 14.070312 L 19.269531 15.40625 L 18.583984 16.59375 L 16.664062 15.931641 L 15.798828 16.640625 C 15.308719 17.043245 14.745852 17.36853 14.117188 17.605469 L 14.115234 17.605469 L 13.072266 18 L 12.683594 20 L 11.314453 20 L 10.925781 18 L 9.8828125 17.605469 C 9.2541467 17.36853 8.6893282 17.043245 8.1992188 16.640625 L 7.3359375 15.933594 L 5.4140625 16.59375 L 4.7285156 15.408203 L 6.265625 14.070312 L 6.0878906 12.974609 L 6.0878906 12.972656 C 6.0276183 12.596088 6 12.280673 6 12 C 6 11.718768 6.026742 11.404282 6.0878906 11.029297 L 6.265625 9.9296875 L 4.7285156 8.59375 L 5.4140625 7.40625 L 7.3359375 8.0683594 L 8.1992188 7.359375 C 8.6893282 6.9567546 9.2541467 6.6314701 9.8828125 6.3945312 L 10.925781 6 L 11.314453 4 z M 12 8 C 9.8034768 8 8 9.8034768 8 12 C 8 14.196523 9.8034768 16 12 16 C 14.196523 16 16 14.196523 16 12 C 16 9.8034768 14.196523 8 12 8 z M 12 10 C 13.111477 10 14 10.888523 14 12 C 14 13.111477 13.111477 14 12 14 C 10.888523 14 10 13.111477 10 12 C 10 10.888523 10.888523 10 12 10 z&quot;&gt;&lt;/path&gt;&lt;/svg&gt;4 tips for avoiding common software investment pitfalls&lt;/div&gt;&lt;p&gt;Investing in &lt;a href=&quot;/directory/30003/network-security/software&quot; rel=&quot;noopener noreferrer&quot; target=&quot;_blank&quot;&gt;IT security&lt;/a&gt; and data protection software is essential. Tools that integrate with existing systems and provide end-to-end encryption will help address security and data management challenges However, before making a purchase, here are some steps to help you begin your search for the best IT security software for your needs. &lt;/p&gt;&lt;ol&gt;&lt;li&gt;Ensure that your business has a solid security and data management strategy in place. &lt;/li&gt;&lt;li&gt;Vet potential software vendors thoroughly, especially regarding how their tools will integrate with your existing systems. &lt;/li&gt;&lt;li&gt;Evaluate security certifications, customer support options, and product scalability to ensure that the software can support both current and future business needs.&lt;/li&gt;&lt;li&gt;Deploy cross-functional teams in the evaluation process to avoid overlooking critical compatibility concerns.&lt;/li&gt;&lt;/ol&gt;&lt;p&gt;&lt;/p&gt;&lt;/div&gt;&lt;h2 id=&quot;Companies-seek-quick-ROIclear-goals-and-vendor-support-can-help&quot;&gt;Companies seek quick ROI—clear goals and vendor support can help&lt;/h2&gt;&lt;p&gt;Canadian business leaders can often find themselves under significant pressure to ensure that their software investments pay off quickly. Over half—54%—say company leadership expects to see a positive return on investment (ROI) within six months of purchasing a new solution. While this reflects the urgency of demonstrating value, it can lead to unrealistic expectations if companies aren’t diligent in their planning and implementation.&lt;/p&gt;&lt;p&gt;Short-term ROI can often be impacted by the effectiveness of training and adoption processes. Without a clear strategy for onboarding employees and integrating new software into existing workflows, even the most promising technology can fail to deliver expected returns in a timely manner.&lt;/p&gt;&lt;p&gt;Determining whether six months is a feasible time frame to expect a positive return on investment for a software purchase depends on several factors. To assess this, here are some key questions to ask both internally and to potential vendors, and tips to help you manage your expectations and measure the success of your software investment.&lt;/p&gt;&lt;h3&gt;How complex is the software are we working with? &lt;/h3&gt;&lt;p&gt;While many tools and applications can deliver results within a six-month timeframe, complex systems like enterprise resource planning (ERP) or CRM platforms may take longer to reap noticeable rewards for several reasons. For example, ERP and CRM systems are deeply integrated into various business functions that may take longer to customize into specific workflows, or they require large volumes of data to transfer from legacy systems. &lt;/p&gt;&lt;p&gt;&lt;b&gt;Tip #1: Conduct a thorough ROI analysis&lt;/b&gt;. Estimate the software&amp;#39;s direct and indirect benefits. Consider all costs, including initial purchase, implementation, training, and ongoing maintenance.&lt;/p&gt;&lt;h3&gt;How time-consuming is the implementation?&lt;/h3&gt;&lt;p&gt;Software that can be deployed quickly and requires minimal customization is more likely to achieve ROI in half a year. However, if the software requires significant customization, data migration, or integration with other systems, the implementation phase alone could take several months. &lt;/p&gt;&lt;p&gt;&lt;b&gt;Tip #2: Engage stakeholders&lt;/b&gt;. Ensure that all relevant stakeholders are involved in the planning and implementation process. Their buy-in and support can significantly impact the success and speed of achieving ROI.&lt;/p&gt;&lt;h3&gt;What scale of deployment are we looking at?&lt;/h3&gt;&lt;p&gt;For small-scale deployments, benefits might be realized more quickly, but for larger organizations or enterprise-level software, the rollout and adoption process can be lengthy.&lt;/p&gt;&lt;p&gt;&lt;b&gt;Tip #3: Set milestones&lt;/b&gt;. Adopt a phased implementation strategy. Start with small-scale deployments to iron out any issues and allow your workforce to adopt it gradually. &lt;/p&gt;&lt;h3&gt;Will the software require intense training and onboarding?&lt;/h3&gt;&lt;p&gt;If the software is intuitive and easy to learn, this can shorten the time it takes to see ROI. However, steep learning curves, with extensive training and onboarding requirements, can delay the realization of benefits. &lt;/p&gt;&lt;p&gt;&lt;b&gt;Tip #4: Seek vendor support&lt;/b&gt;. Strong vendor support can be crucial during this phase, so choose vendors that offer comprehensive training and onboarding assistance.&lt;/p&gt;&lt;h3&gt;What are our goals with this software implementation?&lt;/h3&gt;&lt;p&gt;If you have clear, measurable goals and metrics for success, it will be easier to track progress and achieve ROI. However, with ambiguous goals, and without clear metrics, it can be challenging to determine when ROI has been achieved.&lt;/p&gt;&lt;p&gt;&lt;b&gt;Tip #5: Monitor and adjust&lt;/b&gt;. Regularly monitor the software&amp;#39;s performance against your ROI goals. Be prepared to adjust your strategy or expectations based on real-world data.&lt;/p&gt;&lt;h2 id=&quot;Realistic-and-measurable-planning-can-determine-successful-investments&quot;&gt;Realistic and measurable planning can determine successful investments&lt;/h2&gt;&lt;p&gt;As the tech landscape keeps expanding towards 2025, Canadian businesses seem poised for growth in the next 18 months. As they prepare for this expansion, technology is one of the vehicles they are betting on to help support operational efficiency and innovation. However, optimism alone won’t deliver results when the road to expansion meets hazards. Security issues, data management, and integration issues remain key concerns that must be addressed to ensure successful software adoption. Meanwhile, buyer’s remorse can be waiting in the wings if you don’t plan wisely.&lt;/p&gt;&lt;p&gt;Strategic planning is key when it comes to software investments. This includes emphasizing long-term planning, vendor vetting, and a focus on ROI to set businesses up for sustained success. Regularly evaluate software performance, ensure proper training, and choose solutions that can scale alongside your business. Moreover, remain flexible and adjust your technology stack as your business grows—a well-planned approach to software investment can make a big difference.&lt;/p&gt;&lt;div class=&quot;box-idea&quot;&gt;As you evaluate tools to support your growth, consider the software categories that have seen significant adoption, such as &lt;a href=&quot;/directory/30020/learning-management-system/software&quot; rel=&quot;noopener noreferrer&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;blog-idea&quot; data-evdst=&quot;go-to_category-page&quot; data-evdtl=&quot;text-link_category-name&quot; target=&quot;_blank&quot;&gt;learning management systems&lt;/a&gt; for employee training, &lt;a href=&quot;/directory/23/business-intelligence/software&quot; rel=&quot;noopener noreferrer&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;blog-idea&quot; data-evdst=&quot;go-to_category-page&quot; data-evdtl=&quot;text-link_category-name&quot; target=&quot;_blank&quot;&gt;business intelligence software&lt;/a&gt; for data-driven insights, and &lt;a href=&quot;/directory/30008/help-desk/software&quot; rel=&quot;noopener noreferrer&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;blog-idea&quot; data-evdst=&quot;go-to_category-page&quot; data-evdtl=&quot;text-link_category-name&quot; target=&quot;_blank&quot;&gt;help desk solutions&lt;/a&gt; for enhancing customer service. &lt;a href=&quot;/directory/15/collaboration/software&quot; rel=&quot;noopener noreferrer&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;blog-idea&quot; data-evdst=&quot;go-to_category-page&quot; data-evdtl=&quot;text-link_category-name&quot; target=&quot;_blank&quot;&gt;Collaboration and communication&lt;/a&gt; are also pivotal to ensure that teams and stakeholders cooperate in decision-making, with &lt;a href=&quot;/directory/30007/call-center/software&quot; rel=&quot;noopener noreferrer&quot; class=&quot;event&quot; data-evna=&quot;engagement_facet_click&quot; data-evcmp=&quot;blog-idea&quot; data-evdst=&quot;go-to_category-page&quot; data-evdtl=&quot;text-link_category-name&quot; target=&quot;_blank&quot;&gt;call center tools&lt;/a&gt; offering ways to better engage with customers. With the right tools and a focus on long-term planning, your technology investments can pave the way for sustainable growth.&lt;/div&gt;&lt;p&gt;&lt;/p&gt;","dateModified":"2024-11-20T11:30:02.000000Z","datePublished":"2024-11-20T11:30:02.000000Z","inLanguage":"en-CA","mainEntityOfPage":"https://www.capterra.ca/blog/7556/tech-trends-canada-business-software-buying#webpage"}]}
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