Canada Cybersecurity Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Canadian cybersecurity market is expected to register a CAGR of 12.8% from 2022 to 2027. The market is evolving with the increasing digitalization trends in different sectors of private and public domains. New reforms to safeguard the data and operations due to increasing cyber-attacks are shaping the market, encouraging more companies to offer cybersecurity-as-a-service.
Key HighlightsThe Canadian cybersecurity market is highly fragmented, with intense competition among the major players. The increasing cyber-attacks motivate companies to plan strategies and additions to their existing service line-ups. Companies and organizations are coming together to introduce useful and specialized courses to upskill talent and employees to address the lack of skilled cybersecurity professionals. The market also witnesses acquisitions and partnerships as strategic moves to provide improved cybersecurity solutions.
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