The Health IT security market is expected to witness high growth in coming years. The market size, in terms of value, is expected to reach USD 9,867.5 Million by 2020 from USD 4,905.9 Million in 2015, at a CAGR of 15.0%.
Factors such as a large number of healthcare data breaches, stringent regulatory requirements, growing use of mobile devices, investments by venture capital firms, and growing number of interconnected medical devices are expected to drive the market for Health IT security solutions. Moreover, evolution of next-generation IT security solutions and emergence of cloud computing are expected to offer growth opportunities for market players. However, factors such as shortage of cyber security professionals and limited spending on IT security in healthcare organizations are expected to restrain the growth of this market during the forecast period.
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The Health IT security market is segmented into products and services. The services market is expected to grow at the highest CAGR during the forecast period. The high growth in this segment can be attributed to the fact that end users in this market will require continuous support in the form of services to protect their IT infrastructure from the growing number of sophisticated cyber-attacks.
North America is expected to dominate the Health IT security market in 2015, with the U.S. accounting for a major market share. The Asian market is poised to grow at the highest CAGR during the forecast period. Growth in the Asian market is driven by the growing awareness on IT security, government initiatives to make stringent regulations on data security, and growing use of mobile devices in healthcare practices.
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The Health IT security market is highly fragmented. Some of the key players in this market includes IBM Corporation (U.S.), Intel Corporation (U.S.), Symantec Corporation (U.S.), EMC Corporation (U.S.), Trend Micro (Japan), Oracle Corporation (U.S.), SailPoint Technologies (U.S.), Hewlett Packard (U.S.), Dell, Inc. (U.S.), CA Technologies (U.S.), PricewaterhouseCoopers (PwC) (U.S.), Verizon (U.S.), AT&T (U.S.), Wipro (India), Okta, Inc. (U.S.), CyberArk (U.S.), and CenturyLink (Savvis) (U.S.).
Scope of the Report
This report categorizes the Health IT security market into the following segments:
Health IT security Market, by Products and Services
- Antivirus and Antimalware
- Identity and Access Management Solutions
- Encryption and Data Loss Protection (DLP) Solutions
- Risk and Compliance Management Solutions
- Firewalls and Unified Threat Management (UTM) Solutions
- Intrusion Detection/Intrusion Prevention Systems (IPS)
- Others (security and vulnerability management, disaster recovery, security information
and event management (SIEM), and distributed denial of services (DDoS) mitigation)
- Managed Security Services
- Others (implementation, on-going IT support, training, maintenance, and up gradation services)
Health IT security Market, by Application
- Network Security
- Endpoint Security
- Application Security
- Content Security
Health IT security Market, by Delivery Mode
Health IT security Market, by End User
- Healthcare Providers
- Physician Practices
- Others (Ambulatory Care Centers, Academic Medical Centers, and Academic Institutions)
- Healthcare Payers
Health IT security Market, by Region
- North America
- Rest of Europe (RoE)
- Rest of the World (RoW)
- IT security vendors
- Independent software vendors (ISVs)
- Service providers and distributors
- Healthcare providers
- Healthcare payers
- IT security associations
- Suppliers, distributors, and contractors
- Consulting companies
- Cloud business intelligence (BI) platform vendors/cloud infrastructure providers
- Venture capitalists
With the given market data, Publisher offers customizations as per the company’s specific needs.
The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Market size (USD million) and forecast for Italy and Spain
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