• Cat-intel
  • MedIntelliX
  • Consulting
  • Resources
  • About Us
  • News
  • Careers
  • Contact Us
  • Login
    • Request Free Sample ×
    ReportInfographic

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    Canada Managed Security Services Market

    ID: MRFR/ICT/59334-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    Canada Managed Security Services Market Research Report By Service Type (Managed Firewall, Intrusion Detection System, Unified Threat Management, Security Information and Event Management, Endpoint Security), By Deployment Model (On-Premises, Cloud-Based, Hybrid), By Organization Size (Small Enterprises, Medium Enterprises, Large Enterprises) and By End Use Industry (BFSI, Healthcare, ITTelecom, Retail, Government)-Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Canada Managed Security Services Market Research Report-Forecast to 2035 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0
    Compare License
    Table of Contents

    Canada Managed Security Services Market Summary

    The Canada Managed Security Services market is projected to grow significantly from 1.8 USD Billion in 2024 to 4.5 USD Billion by 2035.

    Key Market Trends & Highlights

    Canada Managed Security Services Key Trends and Highlights

    • The market is expected to expand at a compound annual growth rate of 8.69 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 4.5 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 1.8 USD Billion, reflecting a strong demand for security solutions.
    • Growing adoption of managed security services due to increasing cyber threats is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.8 (USD Billion)
    2035 Market Size 4.5 (USD Billion)
    CAGR (2025-2035) 8.69%

    Major Players

    Verizon, Trustwave, Hewlett Packard Enterprise, Secureworks, Accenture, Fortinet, Cisco Systems, Barracuda Networks, AT&T, McAfee, Optiv Security, IBM, Check Point Software Technologies

    Canada Managed Security Services Market Trends

    The Canada Managed Security Services Market is undergoing substantial trends that are influenced by a variety of factors. The escalating frequency of cyberattacks against Canadian enterprises is a significant factor. Organisations are increasingly susceptible to threats as a result of the pandemic's acceleration of digital transformation and the proliferation of remote work, which necessitates the implementation of more stringent security protocols.

    This urgency is compelling businesses to implement managed security services, which offer incident response capabilities and 24/7 monitoring, thereby enhancing their overall cybersecurity posture. Opportunities in this market are also increasing as Canadian companies prioritise compliance with a variety of regulations, including the Personal Information Protection and Electronic Documents Act (PIPEDA) and other provincial privacy laws. By providing customised solutions that not only satisfy security requirements but also facilitate compliance, managed security service providers (MSSPs) can capitalise on this demand.

    This opportunity is further exacerbated by the persistent scarcity of competent cybersecurity professionals in Canada, as organisations encounter difficulties in preserving in-house expertise.

    There is an increasing interest in the integration of artificial intelligence (AI) and machine learning (ML) into managed security services, as evidenced by recent trends. These technologies improve the effectiveness of security measures by improving the detection of threats and the response time. Furthermore, there is a significant trend towards cloud-based security solutions, which is being driven by the growing popularity of cloud services and the necessity for scalable and adaptable security solutions. Additionally, the Canadian government's dedication to enhancing national cybersecurity through a variety of initiatives is cultivating a supportive environment for the managed security services market.

    Canada Managed Security Services Market Drivers

    Market Segment Insights

    Canada Managed Security Services Market Segment Insights

    Canada Managed Security Services Market Segment Insights

    Managed Security Services Market Service Type Insights

    Managed Security Services Market Service Type Insights

    The Canada Managed Security Services Market is undergoing considerable shifts as the demand for advanced cybersecurity solutions continues to rise. The segmentation of this market by Service Type reflects a robust landscape responding to the increasing complexity of security threats faced by organizations. Managed Firewall services play a crucial role in safeguarding networks against unauthorized access, making them an essential component of any security strategy. Similarly, Intrusion Detection Systems are critical as they monitor network traffic for potential security breaches, giving organizations real-time insights into vulnerabilities.

    Unified Threat Management solutions have emerged as significant offerings, consolidating multiple security features into a single platform, which enhances efficiency and streamlines threat management processes. Security Information and Event Management systems are increasingly important for enterprises aiming to comply with regulations and manage security incidents effectively, as they provide comprehensive data analysis and alerting capabilities. Lastly, Endpoint Security has gained considerable traction, considering that endpoints represent a primary attack vector in today's mobile and remote work environments.

    As enterprises in Canada face evolving threats, the demand for these Service Types is expected to grow, with organizations recognizing the necessity of proactive security measures. Growing cybersecurity awareness and the rising incidence of data breaches contribute to increasing investments in these services across various industries in Canada, making it imperative for businesses to choose the right Service Type that aligns with their security needs and compliance requirements. The market is poised for transformation as technology evolves, with service providers needing to adapt to new trends and cybersecurity challenges that are likely to dominate the coming years.

    Managed Security Services Market Deployment Model Insights

    Managed Security Services Market Deployment Model Insights

    The Canada Managed Security Services Market is showing significant growth, driven by various deployment models essential for addressing diverse security needs. The deployment model segment comprises various approaches, including On-Premises, Cloud-Based, and Hybrid solutions. On-Premises models remain crucial for organizations that prefer complete control over their security infrastructure, ensuring compliance with local regulations and industry standards.

    Cloud-Based solutions are becoming increasingly popular, particularly due to their flexibility, scalability, and cost-effectiveness, appealing to businesses looking to implement robust security measures without heavy upfront investments.Hybrid models effectively combine both On-Premises and Cloud-Based services, allowing organizations to take advantage of the benefits of both approaches while tailoring their security strategies to specific operational requirements.

    As cybersecurity threats evolve, the demand for advanced Managed Security Services in Canada will continue to rise, prompting organizations to explore the most effective deployment models that align with their operational needs and risk management strategies. The Canada Managed Security Services Market segmentation highlights the importance of these deployment models in ensuring comprehensive security solutions that address varying needs across industries, reflecting the broader trend towards digital transformation and heightened awareness of cyber threats in the country.

    Managed Security Services Market Organization Size Insights

    Managed Security Services Market Organization Size Insights

    The Canada Managed Security Services Market is primarily segmented based on Organization Size, which includes Small Enterprises, Medium Enterprises, and Large Enterprises. Each of these segments plays a pivotal role in the overall market dynamics. Small Enterprises are increasingly recognizing the importance of managed security services, driven by the growing number of cyber threats and the rising digitalization of their operations.

    These businesses seek cost-effective and scalable solutions to protect their sensitive data. Medium Enterprises often exhibit a blend of the agility of small businesses and the resource leverage of larger companies, allowing them to implement comprehensive security measures while managing costs effectively.Meanwhile, Large Enterprises dominate the market due to their extensive data infrastructures and higher security demands, leading them to invest significantly in managed security services.

    Collectively, these segments highlight the diverse needs for security services across different organization sizes, showcasing how businesses of varying scales prioritize protection and compliance in an increasingly complex threat landscape. The segmentation also showcases opportunities for market players to tailor their services according to the unique challenges faced by each category.

    Managed Security Services Market End Use Industry Insights

    Managed Security Services Market End Use Industry Insights

    The Canada Managed Security Services Market is significantly shaped by its various End Use Industries, where each sector leverages these services to enhance security posture. The BFSI (Banking, Financial Services and Insurance) sector is particularly critical as it handles sensitive financial data, making it a prime target for cyber threats. Meanwhile, the Healthcare industry is increasingly adopting managed security services due to the rise in cyberattacks targeting patient records and health data.

    The IT and Telecom sector, characterized by rapid technological advancements, demands robust security measures to safeguard networks and customer data.Retail organizations are also focusing on managed security services to protect against data breaches that can compromise customer privacy. Furthermore, the Government sector is actively investing in these services to ensure national security and protect sensitive information from cyber threats.

    By addressing sector-specific vulnerabilities, Managed Security Services are becoming integral in safeguarding essential data and maintaining operational integrity across various industries in Canada. This market is witnessing a strong shift towards proactive security measures, reflecting an increasing awareness of potential risks and compliance requirements.

    Get more detailed insights about Canada Managed Security Services Market Research Report-Forecast to 2035

    Request Free Sample

    Regional Insights

    Key Players and Competitive Insights

    The Canada Managed Security Services Market has seen significant evolution and growth, driven by the increasing demand for advanced cybersecurity solutions amid rising threats and regulatory compliance requirements. Competitive insights into this market reveal a landscape characterized by various players offering differentiated services tailored to meet the unique needs of Canadian enterprises.

    As organizations grapple with complexities related to IT security, the managed security service providers in Canada are focused on delivering comprehensive solutions that not only protect networks and data but also ensure regulatory compliance and improve operational efficiency.

    The interplay of innovation, continuous investment in technology, and extensive service offerings play crucial role in shaping the competitive dynamics within this market.Verizon has established a strong presence in the Canada Managed Security Services Market, well-regarded for its robust range of cybersecurity offerings that cater to a diverse clientele.

    The company's strengths lie in its global scale, extensive cybersecurity expertise, and a portfolio that encompasses managed threat detection, incident response, and security monitoring services. Verizon benefits from its well-established infrastructure and advanced threat intelligence capabilities, allowing it to swiftly address security threats and vulnerabilities faced by Canadian organizations.

    The company’s commitment to innovation further propels its reputation, as it continually invests in advanced technologies such as artificial intelligence and machine learning to enhance its service delivery in the Canadian market.Trustwave has solidified its position in the Canada Managed Security Services Market by offering a comprehensive suite of security solutions aimed at businesses of varying sizes. The company is recognized for its managed security services, compliance solutions, and advanced threat detection, which are particularly beneficial in the context of Canada's evolving regulatory landscape.

    Trustwave's strengths include its focus on tailoring services to meet local requirements, coupled with a strong emphasis on customer service and support. The company's strategic partnerships and potential mergers and acquisitions bolster its service capabilities and market reach in Canada, enabling it to provide cutting-edge solutions. Trustwave is committed to helping Canadian businesses navigate the complexities of cybersecurity, ensuring they remain compliant and secure amidst an ever-changing threat landscape.

    Key Companies in the Canada Managed Security Services Market market include

    Industry Developments

    In October 2023, Fortinet made its Security Awareness & Training program available to Canada's approximately 300 public and approximately 1,700 private school boards at no cost. The program is delivered in both English and French and is designed to provide educators with information on a variety of topics, including mobile security, social engineering, and phishing. Accenture enhanced its cloud and cybersecurity capabilities in Canada from 2023 to 2024 by acquiring cybersecurity firm Morphus, which provided local cloud-focused MSS expertise. TIVIT and other providers, such as Fortinet, Cisco, IBM, and Check Point, are acknowledged participants in Canada's MSS ecosystem.

    They collaborate with local integrators to provide AI-driven threat detection, SOC-as-a-service, and compliance support. In May 2025, they established a new Cybersecurity Operations Centre (SOC) in São Paulo (global relevance).

    Market Segmentation

    Outlook

    • BFSI
    • Healthcare
    • ITTelecom
    • Retail
    • Government

    Report Scope

     

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 1.59(USD Billion)
    MARKET SIZE 2024 1.8(USD Billion)
    MARKET SIZE 2035 4.5(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.687% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Verizon, Trustwave, Hewlett Packard Enterprise, Secureworks, Accenture, Fortinet, RBC Security, Finastra, Cisco Systems, Barracuda Networks, AT&T, McAfee, Optiv Security, IBM, Check Point Software Technologies
    SEGMENTS COVERED Service Type, Deployment Model, Organization Size, End Use Industry
    KEY MARKET OPPORTUNITIES Cloud security solutions, Compliance-driven services, IoT security management, Vulnerability assessment offerings, Incident response solutions
    KEY MARKET DYNAMICS growing cyber threats, increasing regulatory demands, rise of remote work, demand for cost-effective solutions, emphasis on compliance and risk management
    COUNTRIES COVERED Canada

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Get In Touch
    Leave a Comment

    FAQs

    What is the expected market size of the Canada Managed Security Services Market in 2024?

    The Canada Managed Security Services Market is expected to be valued at 1.8 billion USD in 2024.

    What is the projected market size of the Canada Managed Security Services Market by 2035?

    By 2035, the market is anticipated to reach a value of 4.5 billion USD.

    What is the expected compound annual growth rate (CAGR) for the Canada Managed Security Services Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 8.687 percent during the forecast period from 2025 to 2035.

    What are the major service types within the Canada Managed Security Services Market?

    The major service types include Managed Firewall, Intrusion Detection System, Unified Threat Management, Security Information and Event Management, and Endpoint Security.

    What will be the market value of Managed Firewall in 2024 and 2035?

    The Managed Firewall segment is projected to be valued at 0.36 billion USD in 2024 and 0.82 billion USD by 2035.

    How much is the Intrusion Detection System market expected to be valued in 2035?

    The Intrusion Detection System segment is expected to reach a value of 0.65 billion USD by 2035.

    What is the market size of Security Information and Event Management in 2024?

    The Security Information and Event Management market is valued at 0.54 billion USD in 2024.

    Who are the key players in the Canada Managed Security Services Market?

    Major players in the market include Verizon, Trustwave, Hewlett Packard Enterprise, Secureworks, and Accenture among others.

    What opportunities exist for growth in the Canada Managed Security Services Market?

    There are strong growth opportunities driven by increasing cybersecurity threats and a growing demand for managed security solutions.

    What trends are currently shaping the Canada Managed Security Services Market?

    The market is being shaped by trends such as the rise in cyberattacks, increasing cloud adoption, and growing regulatory compliance requirements.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. Canada
    59. Managed Security Services Market, BY Service Type (USD Billion)
    60. Managed
    61. Firewall
    62. Intrusion Detection System
    63. Unified
    64. Threat Management
    65. Security Information and Event Management
    66. Endpoint
    67. Security
    68. Canada Managed Security
    69. Services Market, BY Deployment Model (USD Billion)
    70. On-Premises
    71. Cloud-Based
    72. Hybrid
    73. Canada
    74. Managed Security Services Market, BY Organization Size (USD Billion)
    75. Small
    76. Enterprises
    77. Medium Enterprises
    78. Large
    79. Enterprises
    80. Canada Managed
    81. Security Services Market, BY End Use Industry (USD Billion)
    82. BFSI
    83. Healthcare
    84. ITTelecom
    85. Retail
    86. Government
    87. Competitive Landscape
    88. Overview
    89. Competitive
    90. Analysis
    91. Market share Analysis
    92. Major
    93. Growth Strategy in the Managed Security Services Market
    94. Competitive
    95. Benchmarking
    96. Leading Players in Terms of Number of Developments
    97. in the Managed Security Services Market
    98. Key developments
    99. and growth strategies
    100. New Product Launch/Service Deployment
    101. Merger
    102. & Acquisitions
    103. Joint Ventures
    104. Major
    105. Players Financial Matrix
    106. Sales and Operating Income
    107. Major
    108. Players R&D Expenditure. 2023
    109. Company
    110. Profiles
    111. Verizon
    112. Financial
    113. Overview
    114. Products Offered
    115. Key
    116. Developments
    117. SWOT Analysis
    118. Key
    119. Strategies
    120. Trustwave
    121. Financial
    122. Overview
    123. Products Offered
    124. Key
    125. Developments
    126. SWOT Analysis
    127. Key
    128. Strategies
    129. Hewlett Packard Enterprise
    130. Financial
    131. Overview
    132. Products Offered
    133. Key
    134. Developments
    135. SWOT Analysis
    136. Key
    137. Strategies
    138. Secureworks
    139. Financial
    140. Overview
    141. Products Offered
    142. Key
    143. Developments
    144. SWOT Analysis
    145. Key
    146. Strategies
    147. Accenture
    148. Financial
    149. Overview
    150. Products Offered
    151. Key
    152. Developments
    153. SWOT Analysis
    154. Key
    155. Strategies
    156. Fortinet
    157. Financial
    158. Overview
    159. Products Offered
    160. Key
    161. Developments
    162. SWOT Analysis
    163. Key
    164. Strategies
    165. RBC Security
    166. Financial
    167. Overview
    168. Products Offered
    169. Key
    170. Developments
    171. SWOT Analysis
    172. Key
    173. Strategies
    174. Finastra
    175. Financial
    176. Overview
    177. Products Offered
    178. Key
    179. Developments
    180. SWOT Analysis
    181. Key
    182. Strategies
    183. Cisco Systems
    184. Financial
    185. Overview
    186. Products Offered
    187. Key
    188. Developments
    189. SWOT Analysis
    190. Key
    191. Strategies
    192. Barracuda Networks
    193. Financial
    194. Overview
    195. Products Offered
    196. Key
    197. Developments
    198. SWOT Analysis
    199. Key
    200. Strategies
    201. AT&T
    202. Financial
    203. Overview
    204. Products Offered
    205. Key
    206. Developments
    207. SWOT Analysis
    208. Key
    209. Strategies
    210. McAfee
    211. Financial
    212. Overview
    213. Products Offered
    214. Key
    215. Developments
    216. SWOT Analysis
    217. Key
    218. Strategies
    219. Optiv Security
    220. Financial
    221. Overview
    222. Products Offered
    223. Key
    224. Developments
    225. SWOT Analysis
    226. Key
    227. Strategies
    228. IBM
    229. Financial
    230. Overview
    231. Products Offered
    232. Key
    233. Developments
    234. SWOT Analysis
    235. Key
    236. Strategies
    237. Check Point Software Technologies
    238. Financial
    239. Overview
    240. Products Offered
    241. Key
    242. Developments
    243. SWOT Analysis
    244. Key
    245. Strategies
    246. References
    247. Related
    248. Reports
    249. LIST
    250. OF ASSUMPTIONS
    251. Canada Managed Security Services Market
    252. SIZE ESTIMATES & FORECAST, BY SERVICE TYPE, 2019-2035 (USD Billions)
    253. Canada
    254. Managed Security Services Market SIZE ESTIMATES & FORECAST, BY DEPLOYMENT MODEL,
    255. 2035 (USD Billions)
    256. Canada Managed Security Services
    257. Market SIZE ESTIMATES & FORECAST, BY ORGANIZATION SIZE, 2019-2035 (USD Billions)
    258. Canada
    259. Managed Security Services Market SIZE ESTIMATES & FORECAST, BY END USE INDUSTRY,
    260. 2035 (USD Billions)
    261. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    262. ACQUISITION/PARTNERSHIP
    263. LIST
    264. Of figures
    265. MARKET SYNOPSIS
    266. CANADA
    267. MANAGED SECURITY SERVICES MARKET ANALYSIS BY SERVICE TYPE
    268. CANADA
    269. MANAGED SECURITY SERVICES MARKET ANALYSIS BY DEPLOYMENT MODEL
    270. CANADA
    271. MANAGED SECURITY SERVICES MARKET ANALYSIS BY ORGANIZATION SIZE
    272. CANADA
    273. MANAGED SECURITY SERVICES MARKET ANALYSIS BY END USE INDUSTRY
    274. KEY
    275. BUYING CRITERIA OF MANAGED SECURITY SERVICES MARKET
    276. RESEARCH
    277. PROCESS OF MRFR
    278. DRO ANALYSIS OF MANAGED SECURITY SERVICES
    279. MARKET
    280. DRIVERS IMPACT ANALYSIS: MANAGED SECURITY SERVICES
    281. MARKET
    282. RESTRAINTS IMPACT ANALYSIS: MANAGED SECURITY SERVICES
    283. MARKET
    284. SUPPLY / VALUE CHAIN: MANAGED SECURITY SERVICES
    285. MARKET
    286. MANAGED SECURITY SERVICES MARKET, BY SERVICE TYPE,
    287. (% SHARE)
    288. MANAGED SECURITY SERVICES MARKET, BY SERVICE
    289. TYPE, 2019 TO 2035 (USD Billions)
    290. MANAGED SECURITY SERVICES
    291. MARKET, BY DEPLOYMENT MODEL, 2025 (% SHARE)
    292. MANAGED SECURITY
    293. SERVICES MARKET, BY DEPLOYMENT MODEL, 2019 TO 2035 (USD Billions)
    294. MANAGED
    295. SECURITY SERVICES MARKET, BY ORGANIZATION SIZE, 2025 (% SHARE)
    296. MANAGED
    297. SECURITY SERVICES MARKET, BY ORGANIZATION SIZE, 2019 TO 2035 (USD Billions)
    298. MANAGED
    299. SECURITY SERVICES MARKET, BY END USE INDUSTRY, 2025 (% SHARE)
    300. MANAGED
    301. SECURITY SERVICES MARKET, BY END USE INDUSTRY, 2019 TO 2035 (USD Billions)
    302. BENCHMARKING
    303. OF MAJOR COMPETITORS

    Canada Managed Security Services Market Segmentation

    • Managed Security Services Market By Service Type (USD Billion, 2019-2035)

      • Managed Firewall
      • Intrusion Detection System
      • Unified Threat Management
      • Security Information and Event Management
      • Endpoint Security

     

    • Managed Security Services Market By Deployment Model (USD Billion, 2019-2035)

      • On-Premises
      • Cloud-Based
      • Hybrid

     

    • Managed Security Services Market By Organization Size (USD Billion, 2019-2035)

      • Small Enterprises
      • Medium Enterprises
      • Large Enterprises

     

    • Managed Security Services Market By End Use Industry (USD Billion, 2019-2035)

      • BFSI
      • Healthcare
      • ITTelecom
      • Retail
      • Government

     

     

     

     

     

     

    Report Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Related Reports

    No regional reports available for this market.

    No country-specific reports available for this market.

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials

    Global Magnesium Sulfate Market – Forecast till 2027