Canada Cybersecurity Market Share

Market Share of Canada Cybersecurity Industry

The 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.

• June 2022 - Proofpoint Inc announced product integration between Okta and CASB solution, enabling customers to detect and remediate suspicious logins, including more than 7,000 cloud applications operated through Okta Identity Cloud. This also covers cloud applications federated to Microsoft Active Directory and Google, catering to the enterprises' major cloud needs and assuring secure logins.
• May 2022 - Check Point Software Technologies Ltd. declared the availability of cyber protection against mobile-related threats, introducing a new version of Harmony Mobile. The improved version prevents the download of malicious files, with additional security capabilities, like advanced mitigation capabilities on Samsung devices, operating system vulnerability assessment, easy-to-manage HTTPS inspection, and other features, providing a complete mobile security solution.

Canada Cybersecurity Market Leaders

1. IBM Corporation

2. Cisco Systems Inc.

3. Check Point Software Technologies Ltd.

4. Microsoft Corporation

5. ProofPoint, Inc

*Disclaimer: Major Players sorted in no particular order