The cyber world is looking forward to the latest trends in the Canadian cybersecurity industry. The market size is expected to reach about 19.67 billion by 2028. The expected CAGR is 10.99%. The market is surviving on critical trends such as increasing orientation toward digitization in both the public and private domains. There are innovative reforms to secure the operations and the massive volumes of data. The cyber landscape in Canada is no different from the rest of the world from a cyber security point of view. Cyber attacks are on the rise. Cyber criminals are growing increasingly complex and sophisticated. IT experts face the need to constantly innovate and introduce cyber solutions. It won’t take much time for a new solution to be termed obsolete.
More and more companies are showing interest in extending cyber security as a service. The ongoing efforts toward strengthening the Canadian network security sector are commendable. The opportunities are aplenty. Yet, the market suffers from the absence of skilled professionals in cyber security. The constant need for specific solutions is another challenge. The Cyber Centre in the country is working hard to improve cyber security capabilities across Canada in cooperation with business, academia, and all levels of government.
The Canada Cybersecurity Market is changing as a result of rising digitization trends in many corporate and governmental sectors. As a result of escalating cyber-attacks, new laws to protect data and operations are influencing the industry, pushing more enterprises to offer cybersecurity-as-aservice. Canada is also accepting new technology such as 5G. However, cyber threats never cease to bother IT experts. At the core of these trends are some companies. The list here includes some of the enterprises spearheading the evolving Canadian cybersecurity market.