DataCube Research forecasts the Canada Healthcare Cyber Security Market to Expand by Three Folds by the End of 2031 as Compared to that in 2021
Canada Healthcare Cyber Security Market Introduction
A drastic increase in a number of cyber-attack and data breach incidents in Canadian healthcare industry has raised the need to revise IT security policies to reduce their vulnerabilities. Nowadays, ransomware, hacking, human error, and IoT flaws are some of the biggest issues faced by healthcare organizations. Healthcare organization needs to increase their IT security spending and proper allocation of IT security budget based on risk assessment is also required. Moreover, partnership with right organizations can enable Canadian healthcare organizations to ensure the success of their cyber security strategy and achieve greater efficacy.
Digitization in Canadian healthcare sector is increasing at a significant rate, which in turn increases the need for adoption cyber security solutions and services to protect critical business and patient information from unauthorized access. Further, the introduction of government regulation that mandate the deployment cyber security solutions are anticipated to boost the penetration healthcare software and services in Canadian healthcare sector. In contrast, legacy system and lack of skilled professional are anticipated to hamper the Canada healthcare cyber security market growth during the forecast.
The Canada healthcare cyber security market has been segmented based on offering, software, and service.
By offering, the Canada healthcare cyber security market has been segmented into software and service. In terms of revenue, the service segment dominated the Canada healthcare cyber security market in 2021. However, in terms of growth, the software segment is projected to grow at the highest CAGR during the forecast period between 2022 and 2031.
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, and other (inside threat protection and social media protection). Among sub-segments, the network security sub-segment dominated the segment in 2031.
Based on services, the Canada healthcare cyber security market is segmented into consulting service, implementation and integration service, risk assessment service, and training and support. Among services, the implementation and integration service sub-segment is anticipated to expand at the highest CAGR during the forecast period owing to increase in adoption of healthcare-specific cyber security offering & services.
By deployment model, the Canada healthcare cyber security software segment is analyzed into on-premise and cloud segment. In 2021, the on-premise segment dominated the market. However, in terms of revenue, the cloud segment is projected to expand at the highest CAGR during the forecast period.
Based on healthcare organization size, the Canada healthcare cyber security segmented into micro enterprise, small enterprise, medium enterprise, and large enterprise. In terms of expenditure on healthcare cyber security software and service, the small enterprise segment is projected to expand at the highest CAGR during the forecast period.
By region, the Canada healthcare cyber security market is segment into Ontario, Quebec, British Columbia, Alberta, and Rest of Canada. In terms of expenditure, the Ontario healthcare cyber security market is projected to increase by XX by the end of 2022 as compared to that in 2021.
Canada Healthcare Cyber Security Market Competitive Landscape
Some of the key players identified in Canada healthcare cyber security market are PricewaterhouseCoopers LLP, IBM Corporation, KPMG LLP, CGI Group Inc., Accenture PLC, Deloitte Touche Tohmatsu, Ernst & Young LLP, TELUS Corporation, and Oracle Corporation.