TAC InfoSec to Expand into Canada, Set to Drive Growth in USD 14B Cybersecurity Market
TAC Security, Inc.
(U.S.-Delaware), a wholly owned subsidiary of TAC InfoSec Limited ,
announces the incorporation of a wholly-owned subsidiary in Canada, named TAC
Security, Inc. (Canada), or by any other name as available in the commercial
register. This move is a strategic step in strengthening TAC Security’s
position in North America and marks an important milestone in the company’s
global growth strategy.
The decision to establish a
subsidiary in Canada is driven by several factors that align with TAC
Security’s long-term vision:
· Cost-Effective Resources: Canada’s
labor market offers a cost-effective alternative compared to the United States,
enabling TAC to recruit local talent at a competitive cost while enhancing its
operational capacity in North America.
· Government Support: The Canadian
government offers generous Wage Subsidy programs, which can cover up to 50-80%
of employee wages. This support will allow TAC to further reduce operational
costs while expanding its workforce in the region.
· Access to North American
Market: Establishing a presence in Canada will strengthen TAC Security’s
market access in North America, positioning the company to better serve its
clients and grow its market share in the region.
The Canadian cybersecurity
market, valued at approximately USD 14.05 billion in 2024, is
projected to reach USD 27.42 billion by 2030, growing at a compound annual
growth rate (CAGR) of 11.8%. This rapid expansion is driven by rising cyber
threats, stringent regulatory requirements, and the widespread adoption of
cloud technologies. North America as a whole represents a USD 86.94
billion market in 2024, with projections to grow to USD 162.22 billion by
2030. Canada, in particular, is emerging as the fastest-growing market in the
region, offering significant opportunities for expansion and innovation in
cybersecurity, making it a key focus area for TAC Security as part of its
strategic growth plans.
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