Canada Intrusion detection and Prevention systems Market Research Report, 2029

The Canadian Intrusion Detection and Prevention Systems (IDPS) market is steadily growing, driven by a variety of causes. One notable trend is the growing adoption of cloud-based solutions and Managed Security Services (MSS) by Canadian enterprises. The appeal of scalability and cost-effectiveness associated with cloud-delivered IDPS solutions and MSS that include IDPS features is driving this change. Furthermore, IDPS companies are actively integrating their products with SIEM platforms, which improves total threat detection and response capabilities. In terms of pricing and segmentation, IDPS systems vary depending on capabilities, deployment modes (cloud versus on-premise), and enterprise size. The average selling price (ASP) for enterprise-grade IDPS solutions ranges between $5,000 and $50,000 per year. This pricing variance reflects the various demands of enterprises and organisations in both Canada and the United States, demonstrating the flexibility and scalability of IDPS solutions to meet varying requirements. According to the research report “Canada Intrusion Detection and Preventions System Market Research Report, 2029," published by Actual Market Research, the Canada Intrusion Detection and Preventions System market was valued at more than USD 90 Million in 2023. The growing cyber threat scenario has been a major driver of IDPS implementation in Canada. With the rise of complex cyberattacks like ransomware and phishing, enterprises are adopting strong security measures, including IDPS solutions. Furthermore, the ubiquity of Bring Your Own Device (BYOD) rules and the increasing use of cloud services create new security challenges. As a result, there is an increasing demand for IDPS solutions capable of protecting against attacks emanating from personal devices and cloud settings. Despite the increasing need for advanced security solutions, Canada is experiencing a shortage of skilled cybersecurity specialists. This restricted pool of expertise might make it difficult to effectively deploy and manage IDPS solutions. As a result, there is an increasing preference for user-friendly IDPS solutions that simplify deployment and management processes. In terms of policy and regulations, compliance requirements are critical in promoting IDPS adoption, especially in industries controlled by rules such as the Personal Information Protection and Electronic Documents Act (PIPEDA) and provincial health data privacy laws. These requirements require strong data security measures, which encourages enterprises to invest in IDPS solutions to ensure compliance and protect sensitive information.

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In terms of components, the IDPS market is characterised by leading solutions and growing services. Solutions are categorised into hardware and software, while services encompass integration and support and maintenance. The market further divides by solution type, including network-based systems, which monitor network traffic for malicious activity, and wireless-based systems, which focus on wireless network protocols. Additionally, network behaviour analysis systems identify threats through traffic pattern analysis, while host-based systems operate within a single host to monitor traffic and activity. Organisation size plays a role, with small and medium-sized enterprises (SMEs) driving growth and large enterprises leading in adoption. Deployment modes vary between cloud-based solutions, offering remote access protection, and on-premises solutions, which safeguard internal networks. Across industries, banking, financial services, and insurance (BFSI) are prominent users, followed by government and defence sectors, with healthcare and IT/telecom sectors showing growth potential. Other industries like manufacturing, education, media, entertainment, transportation, logistics, energy, and utilities also contribute to the market's diversity and expansion. Government activities in Canada are creating new opportunities for Intrusion Detection and Prevention System (IDPS) manufacturers. With increased investments in cybersecurity infrastructure and awareness campaigns, the government is aggressively looking for ways to strengthen the country's cyber defences. This creates an ideal environment for IDPS providers to provide goods and services suited to the specific requirements of Canadian government agencies and organisations. Furthermore, there is a rising emphasis on defending vital infrastructure against cyber assaults. As assaults on critical sectors like energy, transportation, and healthcare increase, so does the requirement for powerful IDPS solutions. Canadian organisations functioning in these important industries are well aware of the hazards presented by cyber threats and are actively looking for advanced security solutions to protect their operations. This opens up a huge market potential for IDPS vendors to deliver specialised solutions that meet the unique issues faced by critical infrastructure operators in Canada. The Canadian Intrusion Detection and Prevention Systems (IDPS) market is similar to its US counterpart in terms of trends and driving forces, albeit on a lesser scale. While both sectors face similar trends and forces, Canada's market may have a somewhat higher acceptance rate for cloud-based solutions. This preference for cloud solutions could originate from concerns about data residency and compliance rules in Canada. Despite the scale difference, the market's underlying dynamics are very similar to those observed in the United States, demonstrating the global nature of cybersecurity concerns. The COVID-19 pandemic had a tremendous influence on the cybersecurity landscape, increasing the need for robust network security solutions like IDPS. With the rapid transformation to remote work arrangements and growing reliance on digital platforms, demand for IDPS solutions has skyrocketed. However, disturbances in the worldwide supply chain created difficulties, causing temporary delays in hardware acquisition for on-premise IDPS implementations. Despite these challenges, the pandemic served as a driver for digital transformation, emphasising the significance of strong cybersecurity safeguards.

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Kripa Shah

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Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Intrusion Detection and Prevention Systems market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Component • Solutions (Hardware, Software) • Services (Integration, Support and Maintenance)

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By Type • Network-based • Wireless-based • Network behaviour analysis • Host-based By Organization Size • Small and Medium-sized Enterprises (SMEs) • Large Enterprise By Deployment Mode • Cloud • On-premises By End-User Industry • Banking, Financial Services and Insurance (BFSI) • Government and Defence • Healthcare • Information Technology (IT) and Telecom • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Intrusion Detection and Prevention Systems industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.