Global Healthcare Cyber Security Market Research Report—Forecast till 2025

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Description

Global Healthcare Cyber Security Market: Information by Threat Type (Malware, Distributed Denial-Of-Service (DDOS), Advanced Persistent Threat (APT) and others), By Solution Type (Antivirus and Antimalware, Risk and Compliance Management, Security Information and Event Management (SIEM), DDOS Mitigation, Identity and Access Management and others), By End User (Hospitals and Clinics, Pharmaceuticals and Biotechnology Industries, Health Insurance Companies, Medical Devices Companies and others) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) – Forecast till 2025

Market analysis
Generally, the main factors responsible for driving the market growth are an increase in cyberattacks and data breaching, regulatory and government norms, and increasing use of Internet of things (IoT) devices in the healthcare industry. However, the limited awareness of cyber security in the healthcare industry and lack of adoption of updated software are forecast to curb the growth of the market. Cyber security is a method of protecting systems, networks, and programs from digital attacks with the help of specific software. Healthcare cyber security is the adoption of cyber security solutions and services by healthcare organizations to protect the patient and hospital information from data breaches and cyberattacks. The Healthcare Cyber Security Market is expected to reach a CAGR of 11.82% to reach USD 16,393.15 Million till 2025. Healthcare cybersecurity is a growing concern due to the exponential rise in healthcare data infringements in recent years. According to the Health Insurance Portability and Accountability Act (HIPAA) Journal, more than 113 million records were breached in 2015. The growing data breaches in the healthcare sector is propelling market growth.

Market segmentation
The Global healthcare cyber security market is segmented into threat type, solution type, and end user respectively. Based on threat type, the market has been segmented into malware, distributed denial-of-service (DDOS), advanced persistent threat (APT), and others. Based on the solution type, the global healthcare cyber security market has been labeled as antivirus and antimalware, risk and compliance management, security information and event management (SIEM), DDOS mitigation, identity and access management, and others.

Regional analysis
Geographically the Global healthcare cyber security market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. Europe is expected to account for the second-largest market share during the forecast period. The European market for healthcare cyber security has been further separated into Western Europe and Eastern Europe. Western Europe has been segmented into Germany, the UK, Italy, Spain, France, and the rest of Western Europe. The factors responsible for market growth in this region are the occurrence of highly developed medical & healthcare infrastructure, and high spending on healthcare IT drives the market growth in this region. The Middle East & Africa is expected to grow at a steady rate in the healthcare cyber security market due to factors such as increasing capita income, and rising healthcare infrastructure support accounted for a relatively smaller market share in 2018. The Americas are expected to hold the biggest share of the global healthcare cyber security market. The growth of the Americas can be attributed owing to the increasing cases of data breaches, and the availability of advanced healthcare information technology (IT) solutions are expected to drive the market growth in this region. According to the HIPAA Journal, the number of reported healthcare data breaches has been steadily increasing each year. In 2018, 365 healthcare data breaches were reported, up almost 2% from the 358 data breaches reported in 2017 and 83% more breaches that 2010. Asia-Pacific is estimated to be the fastest-growing market owed to the rapid expansion in technology, and the presence of enormous opportunities for the development of the market drives the growth of the Asia-Pacific healthcare cyber security market.

Major players
The proposed spectators in the Global healthcare cyber security market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global healthcare cyber security market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global healthcare cyber security market are companies like Cisco Systems, Inc. (US), McAfee, LLC (Canada), Symantec Corporation (US), FireEye, Inc. (US), Palo Alto Networks, Inc. (US), Sensato cybersecurity solutions (us), IBM (US), Booz Allen Hamilton Inc. (US).Trend Micro Incorporated (Japan) and DXC Technology Company (US).

Table of Contents

TABLE OF CONTENTS
1  EXECUTIVE SUMMARY
1.1 OVERVIEW 13

1.1.1 MARKET SYNOPSIS 13

2  MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 14

2.2 RESEARCH OBJECTIVE 14

2.3 LIST OF ASSUMPTIONS 15

3  RESEARCH METHODOLOGY
3.1 OVERVIEW 17

3.2 DATA MINING 17

3.3 SECONDARY RESEARCH 18

3.4 PRIMARY RESEARCH 19

3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 19

3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 20

3.5 FORECASTING TECHNIQUES 20

3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 21

3.6.1 BOTTOM-UP APPROACH 22

3.6.2 TOP-DOWN APPROACH 23

3.7 DATA TRIANGULATION 24

3.8 VALIDATION 24

4  MARKET DYNAMICS
4.1 OVERVIEW 25

4.2 DRIVERS 26

4.2.1 INCREASE IN CYBERATTACKS AND DATA BREACHING 26

4.2.2 REGULATORY AND GOVERNMENT NORMS 26

4.2.3 INCREASING USE OF INTERNET OF THINGS (IOT) DEVICES IN THE HEALTHCARE INDUSTRY 26

4.2.4 DRIVERS IMPACT ANALYSIS 27

4.3 RESTRAINTS 27

4.3.1 LIMITED AWARENESS OF CYBER SECURITY IN THE HEALTHCARE INDUSTRY 27

4.3.2 LACK OF ADOPTION OF UPDATED SOFTWARE 27

4.3.3 RESTRAINTS IMPACT ANALYSIS 28

4.4 OPPORTUNITY 28

4.4.1 IMPROVED DATA PRIVACY AND SECURITY EMPLOYEE TRAINING PROGRAMS 28

5  MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 29

5.1.1 BARGAINING POWER OF SUPPLIERS 30

5.1.2 BARGAINING POWER OF BUYERS 30

5.1.3 THREAT OF NEW ENTRANTS 30

5.1.4 THREAT OF SUBSTITUTES 30

5.1.5 INTENSITY OF RIVALRY 30

5.2 VALUE CHAIN ANALYSIS 31

5.2.1 INPUTS 32

5.2.2 SOFTWARE DEVELOPMENT PROCESSES 32

5.2.3 OUTPUT 32

5.2.4 MARKETING AND DISTRIBUTION 32

5.2.5 POST-SALES SERVICES 32

5.3 INVESTMENT OPPORTUNITY ANALYSIS 33

5.4 PRICING ANALYSIS 33

6  GLOBAL HEALTHCARE CYBER SECURITY MARKET, BY THREAT TYPE
6.1 OVERVIEW 34

6.2 MALWARE 35

6.3 DISTRIBUTED DENIAL-OF-SERVICE (DDOS) 35

6.4 ADVANCED PERSISTENT THREAT (APT) 36

6.5 OTHERS 36

7  GLOBAL HEALTHCARE CYBER SECURITY MARKET, BY SOLUTION TYPE
7.1 OVERVIEW 37

7.2 ANTIVIRUS AND ANTIMALWARE 39

7.3 RISK AND COMPLIANCE MANAGEMENT 39

7.4 SECURITY INFORMATION AND EVENT MANAGEMENT (SIEM) 40

7.5 DDOS MITIGATION 40

7.6 IDENTITY AND ACCESS MANAGEMENT 41

7.7 OTHERS 41

8  GLOBAL HEALTHCARE CYBER SECURITY MARKET, BY END USER
8.1 OVERVIEW 42

8.2 HOSPITALS AND CLINICS 43

8.3 PHARMACEUTICALS AND BIOTECHNOLOGY INDUSTRIES 44

8.4 HEALTH INSURANCE COMPANIES 44

8.5 MEDICAL DEVICES COMPANIES 45

8.6 OTHERS 45

9  GLOBAL HEALTHCARE CYBER SECURITY MARKET, BY REGION
9.1 OVERVIEW 46

9.2 AMERICAS 48

9.2.1 NORTH AMERICA 50

9.2.2 LATIN AMERICA 55

9.3 EUROPE 57

9.3.1 WESTERN EUROPE 59

9.3.2 EASTERN EUROPE 70

9.4 ASIA-PACIFIC 72

9.4.1 JAPAN 74

9.4.2 CHINA 76

9.4.3 INDIA 77

9.4.4 AUSTRALIA 79

9.4.5 SOUTH KOREA 80

9.4.6 REST OF ASIA-PACIFIC 82

9.5 MIDDLE EAST & AFRICA 84

9.5.1 MIDDLE EAST 86

9.5.2 AFRICA 87

10  COMPETITIVE LANDSCAPE
10.1 OVERVIEW 89

10.2 COMPANY RANKING ANALYSIS 89

10.3 COMPETITIVE BENCHMARKING 90

10.4 LEADING PLAYERS IN TERMS OF NUMBER OF DEVELOPMENTS 91

10.5 KEY DEVELOPMENT ANALYSIS 91

10.5.1 ACQUISITION 92

10.5.2 EXPANSION 93

10.5.3 PARTNERSHIP/COLLABORATION 93

10.5.4 PRODUCT LAUNCH 94

11  COMPANY PROFILE
11.1 IBM 95

11.1.1 COMPANY OVERVIEW 95

11.1.2 FINANCIAL OVERVIEW 95

11.1.3 PRODUCTS/SERVICES OFFERED 96

11.1.4 KEY DEVELOPMENTS 96

11.1.5 SWOT ANALYSIS 97

11.1.6 KEY STRATEGIES 97

11.2 CISCO SYSTEMS, INC. 98

11.2.1 COMPANY OVERVIEW 98

11.2.2 FINANCIAL OVERVIEW 98

11.2.3 PRODUCTS/SERVICES OFFERED 99

11.2.4 KEY DEVELOPMENTS 99

11.2.5 SWOT ANALYSIS 100

11.2.6 KEY STRATEGIES 100

11.3 MCAFEE, LLC 101

11.3.1 COMPANY OVERVIEW 101

11.3.2 FINANCIAL OVERVIEW 101

11.3.3 PRODUCTS/SERVICES OFFERED 101

11.3.4 KEY DEVELOPMENTS 101

11.3.5 SWOT ANALYSIS 102

11.3.6 KEY STRATEGIES 102

11.4 SYMANTEC CORPORATION 103

11.4.1 COMPANY OVERVIEW 103

11.4.2 FINANCIAL OVERVIEW 103

11.4.3 PRODUCTS/SERVICES OFFERED 104

11.4.4 KEY DEVELOPMENTS 104

11.4.5 SWOT ANALYSIS 105

11.4.6 KEY STRATEGIES 105

11.5 FIREEYE, INC. 106

11.5.1 COMPANY OVERVIEW 106

11.5.2 FINANCIAL OVERVIEW 106

11.5.3 PRODUCTS/SERVICES OFFERED 107

11.5.4 KEY DEVELOPMENTS 107

11.5.5 SWOT ANALYSIS 108

11.5.6 KEY STRATEGIES 108

11.6 PALO ALTO NETWORKS, INC. 109

11.6.1 COMPANY OVERVIEW 109

11.6.2 FINANCIAL OVERVIEW 109

11.6.3 PRODUCTS/SERVICES OFFERED 110

11.6.4 KEY DEVELOPMENTS 110

11.6.5 SWOT ANALYSIS 111

11.6.6 KEY STRATEGIES 111

11.7 SENSATO CYBERSECURITY SOLUTIONS 112

11.7.1 COMPANY OVERVIEW 112

11.7.2 FINANCIAL OVERVIEW 112

11.7.3 PRODUCTS/SERVICES OFFERED 112

11.7.4 KEY DEVELOPMENTS 112

11.7.5 SWOT ANALYSIS 113

11.7.6 KEY STRATEGIES 113

11.8 TREND MICRO INCORPORATED 114

11.8.1 COMPANY OVERVIEW 114

11.8.2 FINANCIAL OVERVIEW 114

11.8.3 PRODUCTS/SERVICES OFFERED 115

11.8.4 KEY DEVELOPMENTS 115

11.8.5 SWOT ANALYSIS 116

11.8.6 KEY STRATEGIES 116

11.9 DXC TECHNOLOGY COMPANY 117

11.9.1 COMPANY OVERVIEW 117

11.9.2 FINANCIAL OVERVIEW 117

11.9.3 PRODUCTS/SERVICES OFFERED 118

11.9.4 KEY DEVELOPMENTS 118

11.9.5 SWOT ANALYSIS 119

11.9.6 KEY STRATEGIES 119

11.10 BOOZ ALLEN HAMILTON INC. 120

11.10.1 COMPANY OVERVIEW 120

11.10.2 FINANCIAL OVERVIEW 120

11.10.3 PRODUCTS/SERVICES OFFERED 121

11.10.4 KEY DEVELOPMENTS 121

11.10.5 SWOT ANALYSIS 122

11.10.6 KEY STRATEGIES 122

12  APPENDIX
12.1 REFERENCES 123

12.2 RELATED REPORTS 123

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