Cybersecurity in healthcare involves the protection of electronic information and assets from unauthorized access, use, and disclosure. The global Healthcare Cyber Security market is expected to grow at a sound pace in the times to follow due to the growing need for network security, a type of IT security extensively required by healthcare organizations.
In the last few years, the healthcare industry has implemented a healthcare information technology infrastructure to access, send and receive electronic health data. That data contains a great deal of information such as social security numbers, addresses, or claims data that can be used for identity theft and fraud. Further, personal health information carries a higher value on the black market than other industries. Hence, the increasing cyber-attack threat is the major factor that boosts the growth of the global Healthcare Cyber Security market. Furthermore, rising patent infringement cases, business records, medical identity fraud, and loss of patient health records are anticipated to propel the healthcare cyber security market throughout the forecast period.
On the downside, lack of awareness about cyber security related to the healthcare industry is a key factor that may hamper the growth of the healthcare cyber security market. Apart from this, key players operating in the market are mainly focusing on the introduction of technologically advanced solutions, this fact provides several opportunities to the market’s development. As well, the rapid shift toward cloud computing technology is predicted to supplement an additional boost to the demand in the market.
Covid-19 Impact on Healthcare Cyber Security Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Healthcare Cyber Security Market Segment Overview
Based on the Solution Type, Identity and Access Management is the fastest-growing segment in the global Healthcare Cyber Security market. Identity Access Management (IAM) is a genuine strategy to ensuring healthcare data remains confidential. It manages access rights and establishes a password policy to give users secure access to medical documents, reports, and other files in healthcare IT systems. According to End-Users, the Medical Devices Companies segment held the major share of the healthcare cyber security market and is expected to witness considerable growth over the forecast period. In the past few years, cyber-attacks on medical device companies, insurance, and pharma companies are on the rise, consequently enhancing the growth of the healthcare cyber security market.
Healthcare Cyber Security Market, By Solution Type
· Risk and Compliance Management
· Identity and Access Management
· Security Information and Event Management
· Intrusion Detection System (Ids)/Intrusion Prevention System (Ips)
· Firewalls
· Antivirus
· Antimalware Software
· Data Encryption Software
· Others
Healthcare Cyber Security Market, By End-Users
· Pharmaceuticals & Chemicals Manufactures
· Medical Devices Companies
· Health Insurance Companies
· Hospitals
· Others
Healthcare Cyber Security Market Regional Overview
In terms of region, North America held the maximum share of the Healthcare Cyber Security market followed by Europe. Noteworthy factors such as the presence of well-establish medical and healthcare infrastructure, huge spending on healthcare information technology, the presence of the major pharmaceutical and medical devices companies, and favorable government initiatives are boosting the growth of the market in this region. Likewise, Asia Pacific is expected to emerge as a significant region in the overall Healthcare Cyber Security market. This is due to the rapid development in the healthcare sector, economic development in the countries such as China, Japan, India, and Australia, which would further propel the growth of the market in the coming years.
Healthcare Cyber Security Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare Cyber Security Market, Key Players
· Cisco Systems, Inc.
· IBM Corporation
· MacAfee, Inc.
· Palo Alto Networks, Inc.
· Symantec Corporation
· Lockheed Martin Corporation
· FireEye, Inc.
· Northrop Grumma Corporation
· Kaspersky Lab
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Healthcare Cyber Security Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Solution Type
- 5.2.1. Risk and Compliance Management
- 5.2.2. Identity and Access Management
- 5.2.3. Security Information and Event Management
- 5.2.4. Intrusion Detection System (Ids)/Intrusion Prevention System (Ips)
- 5.2.5. Firewalls
- 5.2.6. Antivirus
- 5.2.7. Antimalware Software
- 5.2.8. Data Encryption Software
- 5.2.9. Others
- 5.3. Market Analysis, Insights and Forecast – By End-Users
- 5.3.1. Pharmaceuticals & Chemicals Manufactures
- 5.3.2. Medical Devices Companies
- 5.3.3. Health Insurance Companies
- 5.3.4. Hospitals
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Healthcare Cyber Security Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Solution Type
- 6.2.1. Risk and Compliance Management
- 6.2.2. Identity and Access Management
- 6.2.3. Security Information and Event Management
- 6.2.4. Intrusion Detection System (Ids)/Intrusion Prevention System (Ips)
- 6.2.5. Firewalls
- 6.2.6. Antivirus
- 6.2.7. Antimalware Software
- 6.2.8. Data Encryption Software
- 6.2.9. Others
- 6.3. Market Analysis, Insights and Forecast – By End-Users
- 6.3.1. Pharmaceuticals & Chemicals Manufactures
- 6.3.2. Medical Devices Companies
- 6.3.3. Health Insurance Companies
- 6.3.4. Hospitals
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Healthcare Cyber Security Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Solution Type
- 7.2.1. Risk and Compliance Management
- 7.2.2. Identity and Access Management
- 7.2.3. Security Information and Event Management
- 7.2.4. Intrusion Detection System (Ids)/Intrusion Prevention System (Ips)
- 7.2.5. Firewalls
- 7.2.6. Antivirus
- 7.2.7. Antimalware Software
- 7.2.8. Data Encryption Software
- 7.2.9. Others
- 7.3. Market Analysis, Insights and Forecast – By End-Users
- 7.3.1. Pharmaceuticals & Chemicals Manufactures
- 7.3.2. Medical Devices Companies
- 7.3.3. Health Insurance Companies
- 7.3.4. Hospitals
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Healthcare Cyber Security Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Solution Type
- 8.2.1. Risk and Compliance Management
- 8.2.2. Identity and Access Management
- 8.2.3. Security Information and Event Management
- 8.2.4. Intrusion Detection System (Ids)/Intrusion Prevention System (Ips)
- 8.2.5. Firewalls
- 8.2.6. Antivirus
- 8.2.7. Antimalware Software
- 8.2.8. Data Encryption Software
- 8.2.9. Others
- 8.3. Market Analysis, Insights and Forecast – By End-Users
- 8.3.1. Pharmaceuticals & Chemicals Manufactures
- 8.3.2. Medical Devices Companies
- 8.3.3. Health Insurance Companies
- 8.3.4. Hospitals
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Healthcare Cyber Security Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Solution Type
- 9.2.1. Risk and Compliance Management
- 9.2.2. Identity and Access Management
- 9.2.3. Security Information and Event Management
- 9.2.4. Intrusion Detection System (Ids)/Intrusion Prevention System (Ips)
- 9.2.5. Firewalls
- 9.2.6. Antivirus
- 9.2.7. Antimalware Software
- 9.2.8. Data Encryption Software
- 9.2.9. Others
- 9.3. Market Analysis, Insights and Forecast – By End-Users
- 9.3.1. Pharmaceuticals & Chemicals Manufactures
- 9.3.2. Medical Devices Companies
- 9.3.3. Health Insurance Companies
- 9.3.4. Hospitals
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Cisco Systems, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. IBM Corporation
- 10.6. MacAfee, Inc.
- 10.7. Palo Alto Networks, Inc.
- 10.8. Symantec Corporation
- 10.9. Lockheed Martin Corporation
- 10.10. FireEye, Inc.
- 10.11. Northrop Grumma Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
