Canada Security Market Size & Outlook, 2023-2030

The security market in Canada is expected to reach a projected revenue of US$ 11,334.3 million by 2030. A compound annual growth rate of 9.1% is expected of Canada security market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,164.8
Forecast, 2030 (US$M)
$11,334.3
CAGR, 2024 - 2030
9.1%
Report Coverage
Canada

Canada security market highlights

  • The Canada security market generated a revenue of USD 6,164.8 million in 2023 and is expected to reach USD 11,334.3 million by 2030.
  • The Canada market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
  • In terms of segment, system was the largest revenue generating component in 2023.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.


Security market data book summary

Market revenue in 2023USD 6,164.8 million
Market revenue in 2030USD 11,334.3 million
Growth rate9.1% (CAGR from 2023 to 2030)
Largest segmentSystem
Fastest growing segmentService
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSystem, Service


Other key industry trends

  • In terms of revenue, Canada accounted for 4.7% of the global 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. 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 11,334.3 million by 2030.

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Security Market Companies

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Canada 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 security market will help companies and investors design strategic landscapes.


System was the largest segment with a revenue share of 78.79% in 2023. Horizon Databook has segmented the Canada security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.


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  • Our clientele includes a mix of security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada security market , including forecasts for subscribers. This country databook contains high-level insights into Canada security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Canada security market size, by component, 2017-2030 (US$M)

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

Canada security market size, by component, 2017-2030 (US$M)

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