Canada Network Security Market Size & Outlook, 2023-2030

The network security market in Canada is expected to reach a projected revenue of US$ 4,453.5 million by 2030. A compound annual growth rate of 10.4% is expected of Canada network security market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,223.3
Forecast, 2030 (US$M)
$4,453.5
CAGR, 2024 - 2030
10.4%
Report Coverage
Canada

Canada network security market highlights

  • The Canada network security market generated a revenue of USD 2,223.3 million in 2023 and is expected to reach USD 4,453.5 million by 2030.
  • The Canada market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2023.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.


Network security market data book summary

Market revenue in 2023USD 2,223.3 million
Market revenue in 2030USD 4,453.5 million
Growth rate10.4% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentServices
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Services
Key market players worldwideFortinet Inc, Cisco Systems Inc, CrowdStrike Holdings Inc Class A, International Business Machines Corp, Trend Micro Inc, Rapid7 Inc, Check Point Software Technologies Ltd, Microsoft Corp, Sophos, Broadcom Inc, VMware, Trellix, Proofpoint, Akamai Technologies Inc


Other key industry trends

  • In terms of revenue, Canada accounted for 9.2% of the global network security market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. network security market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 4,453.5 million by 2030.

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Network Security Market Companies

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Canada network security market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to network security market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 73.38% in 2023. Horizon Databook has segmented the Canada network security market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of network security market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada network security market , including forecasts for subscribers. This country databook contains high-level insights into Canada network security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada network security market size, by component, 2018-2030 (US$M)

Canada Network Security Market Outlook Share, 2023 & 2030 (US$M)

Canada network security market size, by component, 2018-2030 (US$M)

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