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Healthcare Cyber Security Market By Component, By Security Type: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 274 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640392
Healthcare organizations are increasingly facing sophisticated cyber threats that can jeopardize patient privacy and safety. Large healthcare providers often have the resources necessary to create a powerful cyber defense strategy in response to this. Large hospitals and health-care systems can frequently afford to employ a chief information security officer, staff a security operations center, and subscribe to the best threat intelligence services. Smaller healthcare facilities, on the other hand, often cannot afford to invest in skilled cyber-security specialists, making them prime targets for cyber criminals. However, the global healthcare sector is standardizing strict cyber-security policies to protect patient data, which is expected to provide new growth opportunities for the future of healthcare cyber security industry.

Growth in awareness regarding data privacy and security signals significant growth opportunities for the future of global healthcare cyber security market. In addition, surge in digital and internet penetration around the world positively impacts the growth of the healthcare cyber security industry. However, complex installation and monitoring costs of cyber security solutions hamper the market growth. On the contrary, upsurge in government policies are expected to offer remunerative opportunities for expansion of the healthcare cyber security industry during the forecast period.

The healthcare cyber security market is segmented on the basis of component, security type, and region. On the basis of component, the industry is bifurcated into solutions and services. Depending on security type, the market is classified into network security, application security, device security, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global healthcare cyber security market is dominated by key players such as AO Kaspersky Lab, Cisco Systems, Inc., FireEye, IBM Corporation, Lockheed Martin Corporation, McAfee Corporation, Northrop Grumman, Palo Alto Networks, SENSATO CYBERSECURITY SOLUTIONS, and Symantec Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the healthcare cyber security market analysis from 2020 to 2030 to identify the prevailing healthcare cyber security market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the healthcare cyber security market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global healthcare cyber security market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Component

  • Solution
  • Service

By Security Type

  • Network Security
  • Application Security
  • Device Security
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • NORTHROP GRUMMA CORPORATION
  • Palo Alto Networks, Inc.
  • sensato investors
  • SYMANTEC CORPORATION
  • Cisco Systems, Inc.
  • FireEye, Inc.
  • ibm corporation
  • Kaspersky Lab
  • Lockheed Martin Corporation
  • MACAFEE, INC.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: HEALTHCARE CYBER SECURITY MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: HEALTHCARE CYBER SECURITY MARKET, BY SECURITY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Network Security
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Application Security
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Device Security
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: HEALTHCARE CYBER SECURITY MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Component
6.2.3 North America Market size and forecast, by Security Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Component
6.2.4.1.2 Market size and forecast, by Security Type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Component
6.2.4.2.2 Market size and forecast, by Security Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Component
6.3.3 Europe Market size and forecast, by Security Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size and forecast, by Component
6.3.4.1.2 Market size and forecast, by Security Type
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Component
6.3.4.2.2 Market size and forecast, by Security Type
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Component
6.3.4.3.2 Market size and forecast, by Security Type
6.3.4.4 Russia
6.3.4.4.1 Market size and forecast, by Component
6.3.4.4.2 Market size and forecast, by Security Type
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Component
6.3.4.5.2 Market size and forecast, by Security Type
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Component
6.3.4.6.2 Market size and forecast, by Security Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Component
6.4.3 Asia-Pacific Market size and forecast, by Security Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Component
6.4.4.1.2 Market size and forecast, by Security Type
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Component
6.4.4.2.2 Market size and forecast, by Security Type
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Component
6.4.4.3.2 Market size and forecast, by Security Type
6.4.4.4 Australia
6.4.4.4.1 Market size and forecast, by Component
6.4.4.4.2 Market size and forecast, by Security Type
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Component
6.4.4.5.2 Market size and forecast, by Security Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Component
6.5.3 LAMEA Market size and forecast, by Security Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Component
6.5.4.1.2 Market size and forecast, by Security Type
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Component
6.5.4.2.2 Market size and forecast, by Security Type
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Component
6.5.4.3.2 Market size and forecast, by Security Type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 NORTHROP GRUMMA CORPORATION
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Palo Alto Networks, Inc.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 sensato investors
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 SYMANTEC CORPORATION
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Cisco Systems, Inc.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 FireEye, Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 ibm corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Kaspersky Lab
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Lockheed Martin Corporation
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 MACAFEE, INC.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Healthcare Cyber Security Market, by Component, 2020-2030, ($Billion)
Table 2. Healthcare Cyber Security Market Revenue, for Solution, by Region, 2020-2030, ($Billion)
Table 3. Healthcare Cyber Security Market Solution by Country, 2020-2030, ($Billion)
Table 4. Healthcare Cyber Security Market Revenue, for Service, by Region, 2020-2030, ($Billion)
Table 5. Healthcare Cyber Security Market Service by Country, 2020-2030, ($Billion)
Table 6. Global Healthcare Cyber Security Market, by Security Type, 2020-2030, ($Billion)
Table 7. Healthcare Cyber Security Market Revenue, for Network Security, by Region, 2020-2030, ($Billion)
Table 8. Healthcare Cyber Security Market Network Security by Country, 2020-2030, ($Billion)
Table 9. Healthcare Cyber Security Market Revenue, for Application Security, by Region, 2020-2030, ($Billion)
Table 10. Healthcare Cyber Security Market Application Security by Country, 2020-2030, ($Billion)
Table 11. Healthcare Cyber Security Market Revenue, for Device Security, by Region, 2020-2030, ($Billion)
Table 12. Healthcare Cyber Security Market Device Security by Country, 2020-2030, ($Billion)
Table 13. Healthcare Cyber Security Market Revenue, for Others, by Region, 2020-2030, ($Billion)
Table 14. Healthcare Cyber Security Market Others by Country, 2020-2030, ($Billion)
Table 15. Healthcare Cyber Security Market, by Region, 2020-2030, ($Billion)
Table 16. North America Healthcare Cyber Security Market, by Component, 2020-2030, ($Billion)
Table 17. North America Healthcare Cyber Security Market, by Security Type, 2020-2030, ($Billion)
Table 18. North America Healthcare Cyber Security Market, by Country, 2020-2030, ($Billion)
Table 19. U.S. Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 20. U.S. Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 21. Canada Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 22. Canada Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 23. Europe Healthcare Cyber Security Market, by Component, 2020-2030, ($Billion)
Table 24. Europe Healthcare Cyber Security Market, by Security Type, 2020-2030, ($Billion)
Table 25. Europe Healthcare Cyber Security Market, by Country, 2020-2030, ($Billion)
Table 26. U.K. Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 27. U.K. Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 28. Germany Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 29. Germany Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 30. France Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 31. France Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 32. Russia Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 33. Russia Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 34. Italy Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 35. Italy Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 36. Rest of Europe Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 37. Rest of Europe Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 38. Asia-Pacific Healthcare Cyber Security Market, by Component, 2020-2030, ($Billion)
Table 39. Asia-Pacific Healthcare Cyber Security Market, by Security Type, 2020-2030, ($Billion)
Table 40. Asia-Pacific Healthcare Cyber Security Market, by Country, 2020-2030, ($Billion)
Table 41. China Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 42. China Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 43. India Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 44. India Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 45. Japan Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 46. Japan Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 47. Australia Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 48. Australia Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 49. Rest of Asia-Pacific Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 50. Rest of Asia-Pacific Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 51. LAMEA Healthcare Cyber Security Market, by Component, 2020-2030, ($Billion)
Table 52. LAMEA Healthcare Cyber Security Market, by Security Type, 2020-2030, ($Billion)
Table 53. LAMEA Healthcare Cyber Security Market, by Country, 2020-2030, ($Billion)
Table 54. Latin America Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 55. Latin America Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 56. Middle East Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 57. Middle East Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 58. Africa Healthcare Cyber Security Market by Component 2020-2030, ($Billion)
Table 59. Africa Healthcare Cyber Security Market by Security Type 2020-2030, ($Billion)
Table 60. Northrop Grumma Corporation: Company Snapshot
Table 61. Northrop Grumma Corporation: Operating Segments
Table 62. Northrop Grumma Corporation: Product Portfolio
Table 63. Northrop Grumma Corporation: Net Sales
Table 64. Northrop Grumma Corporation: Key Stratergies
Table 65. Palo Alto Networks, Inc.: Company Snapshot
Table 66. Palo Alto Networks, Inc.: Operating Segments
Table 67. Palo Alto Networks, Inc.: Product Portfolio
Table 68. Palo Alto Networks, Inc.: Net Sales
Table 69. Palo Alto Networks, Inc.: Key Stratergies
Table 70. Sensato Investors: Company Snapshot
Table 71. Sensato Investors: Operating Segments
Table 72. Sensato Investors: Product Portfolio
Table 73. Sensato Investors: Net Sales
Table 74. Sensato Investors: Key Stratergies
Table 75. Symantec Corporation: Company Snapshot
Table 76. Symantec Corporation: Operating Segments
Table 77. Symantec Corporation: Product Portfolio
Table 78. Symantec Corporation: Net Sales
Table 79. Symantec Corporation: Key Stratergies
Table 80. Cisco Systems, Inc.: Company Snapshot
Table 81. Cisco Systems, Inc.: Operating Segments
Table 82. Cisco Systems, Inc.: Product Portfolio
Table 83. Cisco Systems, Inc.: Net Sales
Table 84. Cisco Systems, Inc.: Key Stratergies
Table 85. Fireeye, Inc.: Company Snapshot
Table 86. Fireeye, Inc.: Operating Segments
Table 87. Fireeye, Inc.: Product Portfolio
Table 88. Fireeye, Inc.: Net Sales
Table 89. Fireeye, Inc.: Key Stratergies
Table 90. Ibm Corporation: Company Snapshot
Table 91. Ibm Corporation: Operating Segments
Table 92. Ibm Corporation: Product Portfolio
Table 93. Ibm Corporation: Net Sales
Table 94. Ibm Corporation: Key Stratergies
Table 95. Kaspersky Lab: Company Snapshot
Table 96. Kaspersky Lab: Operating Segments
Table 97. Kaspersky Lab: Product Portfolio
Table 98. Kaspersky Lab: Net Sales
Table 99. Kaspersky Lab: Key Stratergies
Table 100. Lockheed Martin Corporation: Company Snapshot
Table 101. Lockheed Martin Corporation: Operating Segments
Table 102. Lockheed Martin Corporation: Product Portfolio
Table 103. Lockheed Martin Corporation: Net Sales
Table 104. Lockheed Martin Corporation: Key Stratergies
Table 105. Macafee, Inc.: Company Snapshot
Table 106. Macafee, Inc.: Operating Segments
Table 107. Macafee, Inc.: Product Portfolio
Table 108. Macafee, Inc.: Net Sales
Table 109. Macafee, Inc.: Key Stratergies
LIST OF FIGURES
Figure 1. Healthcare Cyber Security Market Segmentation
Figure 2. Healthcare Cyber Security Market, 2020-2030
Figure 3. Healthcare Cyber Security Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Healthcare Cyber Security Market:Drivers, Restraints and Opportunities
Figure 11. Healthcare Cyber Security Market, by Component, 2020 (%)
Figure 12. Comparative Share Analysis of Solution Healthcare Cyber Security Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Service Healthcare Cyber Security Market, 2020-2030 (%)
Figure 14. Healthcare Cyber Security Market, by Security Type, 2020 (%)
Figure 15. Comparative Share Analysis of Network Security Healthcare Cyber Security Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Application Security Healthcare Cyber Security Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Device Security Healthcare Cyber Security Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Others Healthcare Cyber Security Market, 2020-2030 (%)
Figure 19. Healthcare Cyber Security Market by Region, 2020
Figure 20. U.S. Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 21. Canada Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 22. U.K. Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 23. Germany Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 24. France Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 25. Russia Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 26. Italy Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 27. Rest of Europe Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 28. China Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 29. India Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 30. Japan Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 31. Australia Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 32. Rest of Asia-Pacific Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 33. Latin America Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 34. Middle East Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 35. Africa Healthcare Cyber Security Market, 2020-2030 ($Billion)
Figure 36. Top Winning Strategies, by Year
Figure 37. Top Winning Strategies, by Development
Figure 38. Top Winning Strategies, by Company
Figure 39. Product Mapping of Top 10 Players
Figure 40. Competitive Dashboard
Figure 41. Competitive Heatmap of Top 10 Key Players
Figure 42. Northrop Grumma Corporation.: Net Sales, ($Billion)
Figure 43. Palo Alto Networks, Inc. Net Sales, ($Billion)
Figure 44. Sensato Investors.: Net Sales, ($Billion)
Figure 45. Symantec Corporation.: Net Sales, ($Billion)
Figure 46. Cisco Systems, Inc. Net Sales, ($Billion)
Figure 47. Fireeye, Inc. Net Sales, ($Billion)
Figure 48. IBM Corporation.: Net Sales, ($Billion)
Figure 49. Kaspersky Lab.: Net Sales, ($Billion)
Figure 50. Lockheed Martin Corporation.: Net Sales, ($Billion)
Figure 51. Macafee, Inc. Net Sales, ($Billion)

Executive Summary

According to this report titled, 'Healthcare Cyber Security Market,' the healthcare cyber security market was valued at $12.85 billion in 2020, and is estimated to reach $57.25 billion by 2030, growing at a CAGR of 16.3% from 2021 to 2030.

The volume of cyber-attacks in the healthcare and medicine sector has grown considerably over the last few decades, as has the severity of these cyber-attacks. Hackers target patient medical and billing information that can then be sold for insurance fraud purposes. Moreover, IoT powered medical devices can be remotely tampered by cyber-criminals. Such factors have led both the healthcare industry and the government to realize the seriousness of the situation and enforce strict cyber security standards in order to safeguard the healthcare infrastructure and data. Furthermore, key factor that drive the growth of the healthcare cyber security market includes growth in incidences of patient data breaches. In addition, demand for security and privacy of personal information positively impacts the growth of the healthcare cyber security industry. However, high implementation cost of healthcare cyber security solutions hampers the market growth. On the contrary, advancements in the cyber threat detection and mitigation are expected to offer remunerative opportunities for expansion of the healthcare cyber security market during the forecast period.

On the basis of component, the solution segment dominated the overall healthcare cyber security market in 2020, and is expected to continue this trend during the forecast period. This is attributed to increased number of data breaches in the healthcare sector post the global pandemic. However, the service segment is projected to witness highest growth as cyber-attacks have become more sophisticated and demand skilled professionals for their mitigation, which is expected to fuel the growth of the global healthcare cyber security market.

Region wise, the healthcare cyber security market was dominated by North America in 2020, and is expected to retain its position during the forecast period owing to a large number of cyber security solutions vendors in the region. Moreover, various healthcare privacy policies in the region are expected to drive the market for healthcare cyber security technology during the forecast period. However, Asia-Pacific is expected to witness significant growth during the forecast period owing to growth in digital and cloud penetration in the region, which is expected to fuel the growth of healthcare cyber security solutions in the region in the coming few years.

The outbreak of COVID-19 pandemic influenced several notable changes in the healthcare industry. These changes included a shift toward large-scale telemedicine services, the establishment of remote medical aid &management, temporary COVID-19 testing &vaccination locations, and large-scale vaccine research, manufacture, and distribution. Throughout all of these developments, healthcare organizations had to take the responsibility of ensuring compliance and data security. For many firms, this means upgrading security infrastructure to serve remote users and keeping one step ahead of cyber thieves and hackers looking to exploit flaws in the COVID-19 vaccination supply chain. Such factors aided in the growth of healthcare cyber security market size during the period of the pandemic.

Key findings of the Study

  • By component, the solution segment accounted for the largest healthcare cyber security market share in 2020.
  • By region, North America generated highest revenue in 2020.
  • By security type, the network security segment generated the highest revenue in 2020.
The key players profiled in the healthcare cyber security market analysis are AO Kaspersky Lab, Cisco Systems, Inc., FireEye, IBM Corporation, Lockheed Martin Corporation, McAfee Corporation, Northrop Grumman, Palo Alto Networks, SENSATO CYBERSECURITY SOLUTIONS, and Symantec Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the healthcare cyber security industry.

Companies Mentioned

  • NORTHROP GRUMMA CORPORATION
  • Palo Alto Networks, Inc.
  • sensato investors
  • SYMANTEC CORPORATION
  • Cisco Systems, Inc.
  • FireEye, Inc.
  • ibm corporation
  • Kaspersky Lab
  • Lockheed Martin Corporation
  • MACAFEE, INC.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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