Increasing number of data breaches is encouraging healthcare organizations to take proactive measures to prevent confidential patient information against cyber-attacks. This, in turn, is boosting the uptake of cyber security solutions and services across the globe. Also, growing adoption of electronic health record systems and networking technologies is creating data privacy and security challenges that need to be managed in an efficient manner. Proliferation of mobile devices and growing healthcare service provider focus towards protecting patient records is expected to support growth of the healthcare cyber security market over the forecast period. However, lack of government regulation and awareness among end users in developing regions is hampering growth of the market to certain extent. Additionally, lack of trained professionals is another challenge impeding adoption of healthcare cyber security solutions.

Report Scope

This report analyzes the global healthcare cyber security market in terms of type, solution, security solution, service, and geography. The global healthcare cyber security market has been segmented based on type into solution and service. The solution segment includes security solution, risk and compliance management, data loss protection, data center management, mobile based solution, disaster recovery, and other solutions. The market has been segmented based on security solution into application security, network security, cloud security, content security, and other security solutions. On the basis of service, the global healthcare cyber security market is segmented into consulting, risk assessment, implementation & integration and support & training. The global healthcare cyber security market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Healthcare Cyber Security Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global healthcare cyber security market.

Target Audience

• Industry Investors
• Cyber Security Solution Providers
• Cyber Security Service Providers
• Third Party Vendors
• Government

USP and Key Offerings

The report titled “Global Healthcare Cyber Security Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global healthcare cyber security market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on type, solution, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading healthcare cyber security vendors, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the healthcare cyber security market
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Ecosystem Analysis
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global healthcare cyber security market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

On the basis of solution, the global healthcare cyber security market is categorized into following sub-segments:

• Security Solution
  • Application Security
  • Network Security
  • Cloud Security
  • Content Security
  • Other Security Solutions
• Risk and Compliance Management
• Data Loss Protection
• Data Center Management
• Mobile based Solution
• Disaster Recovery
• Other Solutions 

As of 2015, security solution was the largest sub-segment among all types of solutions in the global healthcare cyber security market, accounting for over half of the overall segment revenue. Additionally, the sub-segment is expected to remain dominant over the forecast period. Growing threat of cyber-attacks is encouraging major end-users verticals to deploy advanced security solutions. Further, among security solution categories, the network security was the largest category in 2015 and stood at US$ XX Mn. However, cloud security category is projected to experience fastest CAGR in terms of revenue over the forecast period. This growth is mainly attributed to growing adoption of cloud computing technologies in healthcare sector.

In 2015, North America was the largest contributor to the global healthcare cyber security market in terms of revenue generation. The region accounted for over 45% market share in the same year. This is mainly driven by rising demand for advanced cyber security solutions in the healthcare sector. Europe and Asia Pacific collectively accounted for over 35% share of overall healthcare cyber security in 2015. Additionally, the healthcare cyber security market in Asia Pacific is projected to expand at the highest CAGR over the forecast period, 2016 – 2023. This growth is mainly attributed to increasing deployment of connected devices and digital technologies across healthcare organizations in the region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Healthcare Cyber Security market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Healthcare Cyber Security market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Healthcare Cyber Security market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Healthcare Cyber Security market?
• Which is the largest regional market for Healthcare Cyber Security market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Healthcare Cyber Security market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Healthcare Cyber Security market worldwide?