Canada Healthcare Cyber Security Market to Expand at a CAGR of around XX%, between 2022 and 2031

Spending on cyber secutiry software and services by Canadian healthcare organization is expected to expand at a considerable CAGR of around XX% during the forecast period 2023 and 2031

In the past few years, cyber-attacks in the healthcare industry has increased at a rapid pace. Further, these data-breaches incidents have resulted in the loss of patient and business information. Nowadays, healthcare organization in Canada are focused towards investing in advanced healthcare cyber security software and services to avoid repeating cyber security mishaps that happen in the past. Further, healthcare organizations in Canada have realized that activity monitoring, risk analysis, and testing can provide them a better position in data protection.

DataCube Research delivers latest market insights, industry outlook, trends, market size and forecast for healthcare cyber security market in Canada in its report titled “Canada Healthcare Cyber Security Market: Industry Analysis, Size and Forecast, 2019-2031"

Segment Analysis

The Canada healthcare cyber security market is segmented into offering, software, services, deployment model, organization size, and region. The software segment is bifurcated into cloud security, data governance and compliance automation, data security, control & intelligence, endpoint security, identity and access management (IDAM), mobile security and protection, network security, security threat intelligence and analytics, Other (Inside Threat Protection and Social Media Protection). Among software, in terms of revenue, the endpoint security sub-segment is projected to expand at the highest CAGR during the forecast period between 2023 and 2031.

Browse Full Report: Canada Healthcare Cyber Security Market | Analysis 2019-2031

The service segment is classified into consulting service, implementation and integration service, risk assessment service, and training and support. Of these, the implementation and integration service sub-segment revenue is projected to grow by XX by 2031 as compared to that in 2021.

Based on deployment model, we have analyzed the software sub-segment by on-premise deployment and cloud software. By the end of 2031, the cloud segment is projected to expand the highest CAGR during the forecast period owing to increase in need for IT cost optimization among healthcare organizations.

By organization size, the Canada healthcare cyber security market is classified into micro enterprise, small enterprise, medium enterprise, and large enterprise.

Regional Outlook

Based on region, the Canada healthcare cyber security market is analyzed across five major region such as Ontario, Quebec, British Columbia, Alberta, and Rest of Canada. Among region, Ontario dominated the Canada healthcare cyber security market in 2021 and is projected to grow at a significant CAGR during the forecast period between 2023 and 2031.

Market Scenario

The rise in healthcare-specific data breach incidents in the country has increased the need to adopt advanced cyber security software and services. Further, increasing digital transformation in the healthcare sector; government mandates; and growth in the adoption of cloud based healthcare solutions are accelerating the need for enhanced cyber security software and services. However, lack of trained professional and high initial investment to upgrade legacy system are anticipated to hinder the market growth to certain extent.

Canada Healthcare Cyber Security Market Competition Analysis

Major vendors operating in the Canada Healthcare Cyber Security market are CGI Group Inc., Accenture PLC, Deloitte Touche Tohmatsu, PricewaterhouseCoopers LLP, IBM Corporation, KPMG LLP, Ernst & Young LLP, TELUS Corporation, and Oracle Corporation.