Ottawa/Montreal – CATAAlliance (www.cata.ca) has announced the addition of the “Advanced Security in Canada – Industry Profile 2010 to 2012” report. Key aspects and themes covered include:
The Canadian advanced security industry is in its early stages: more than 70 percent of firms surveyed are "Internet children" created after 1995. The sector is made of SMEs (only six percent of the firms had security teams larger than 100 employees) and it includes a relatively large segment of hybrid firms.
According to CATA CEO, John Reid, “All indicators show that security goes beyond the scope of ICTs and needs to be redefined as a management function. In doing so, the place of security within firms change, becomes more strategic and gets closer to upper management and the board of directors.”
Report author, and CATA Sr. VP, Jean Guy Rens added, “The heart of Canadian security is in Ontario with half of the security industry; Quebec has a quarter; B.C. a tenth. The financial crisis of 2009 had a limited impact on job creation and sales continued to grow, though at a slower pace.”
The good performance of the industry at a time of crisis is due to exports and self-regulation. Indeed, three-quarters of the advanced security companies export to foreign markets. In absence of government standards and legislation, the credit industry has decided to self-regulate by imposing the PCI-DSS standard to the retail sector and this caused medium-sized companies to invest in security.
This 90-page report analyses and quantifies this industry in seven sections:
To view the reports full table of contents and for more information interested parties should contact:
or Download from the CATA Research Repository
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