Canadian IT Security Hardware, Software, Services, and Cloud Forecast, 2017–2021
This IDC study forecasts all IT security markets in Canada, including hardware, software, SaaS, and security services, down to the subfunctional level as defined in IDC's Worldwide Security Products Taxonomy, 2016 (IDC #US41149416, April 2016). Several changes were made to the taxonomy for 2016, which are outlined in the Market Definition section. This document is the fifth in a series of yearly security forecasts that are published by IDC Canada. The security market was worth $2.2 billion in 2016 and is expected to reach approximately $3.3 billion by 2021 at a five-year CAGR of 8.1%."In Canada, the traditional on-premise hardware and software security markets will remain strong throughout the forecast but the impact of cloud is starting to become more apparent. Solutions that have the ability to integrate with cloud platforms, virtual appliances, and SaaS are expected to be strong growth markets over the forecast period," says Kevin Lonergan, senior analyst, Infrastructure Solutions, IDC Canada. "In security services, device management and monitoring are expected to maintain healthy growth throughout the forecast period but cloud adoption brings new opportunities and challenges to providers as they begin offering these services outside of the datacentre."
Please Note: Extended description available upon request.