Cover Image
Market Research Report

The US Healthcare Cybersecurity Market, 2018-2023

Published by Frost & Sullivan Product code 808225
Published Content info 108 Pages
Delivery time: 1-2 business days
Price
Back to Top
The US Healthcare Cybersecurity Market, 2018-2023
Published: March 12, 2019 Content info: 108 Pages
Description

Overcoming Barriers to Adoption in the Face of an Increasing Threat

The healthcare market is a prime target of hackers looking for protected health information (PHI). The US Office of Civil Rights, which tracks major data security breaches in the healthcare space, reported at least 300 significant breaches in 2018 alone. This situation is exacerbated by the fact that the threat posed by hackers is increasing every year.

In addition, technological advances will require an even more focused approach to security in healthcare. In particular, the Internet of Medical Things will greatly expand both the number of devices in the healthcare network and the number of exploitable points. As the number and variety of devices explodes, healthcare IT will be faced with a much more complex security environment.

Likewise, the application of new analytical tools based on artificial intelligence, Big Data, and cloud services will make the security of patient data harder to achieve. Big Data alone has the potential to amplify the effect of data breeches. Where previously a breach could compromise a subset of patient information, with Big Data lakes living in an interconnected cloud environment, a breach can now expose vast amounts of personally identifiable patient data.

Cloud services, too, can exacerbate the healthcare cybersecurity space by involving third parties in the security of patient data. Where a healthcare IT organization historically had control over 100% of patient data, now it must depend on cloud service vendors to implement strong cybersecurity protocols.

All of these changes make cybersecurity more difficult. Yet, in spite of the increasing threat, healthcare spends far less than most industry verticals on cybersecurity. The HIMSS cybersecurity survey discloses that, on average, healthcare organizations spend half what enterprises in other market verticals spend on cybersecurity.

New research by Frost & Sullivan discloses that this situation is about to change. Indications are that healthcare IT is preparing to increase its spending, with the result that Frost & Sullivan projects a 10.3% compound annual growth rate for healthcare cybersecurity revenue through 2023. Increases in spending will occur in every cybersecurity market segment and will include an increase in managed services spending as healthcare IT seeks to leverage the professional cybersecurity skills of third parties.

This new report by Frost & Sullivan provides essential healthcare cybersecurity market tracking data as well as revenue projections through 2023. It also provides insights into the market drivers and restraints that will shape cybersecurity spending by healthcare IT over the next 5 years.

Table of Contents
Product Code: K307-48

Table of Contents

1. EXECUTIVE SUMMARY

  • Key Findings
  • Key Questions this Study will Answer
  • Market Engineering Measurements
  • CEO's Perspective
  • 3 Big Predictions

2. CYBERSECURITY'S IMPACT ON HEALTHCARE PROVIDERS

  • The Healthcare Cyber Threat is Increasing
  • The Healthcare Cyber Threat is Increasing (continued)
  • Importance of Cybersecurity in Healthcare
  • Cybersecurity Spending by Market Vertical

3. EVALUATING MARKET OPPORTUNITIES

  • Healthcare Cybersecurity Represents a Growing Market
  • 5 Growth Opportunities Critical for Future Strategy
  • Strategic Imperatives for Market Participants

4. MARKET OVERVIEW

  • Introduction
  • Growth Opportunities Resulting from Broader Industry Convergence
  • Market Segmentation
  • Market Distribution Channels
  • Market Distribution Channels Discussion
  • Defining Healthcare Trends in the Future
  • Game-Changing Strategies

5. DRIVERS AND RESTRAINTS

  • Market Drivers
  • Drivers Explained
  • Drivers Explained (continued)
  • Drivers Explained (continued)
  • Market Restraints
  • Restraints Explained
  • Restraints Explained (continued)

6. FORECASTS AND TRENDS

  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast Discussion (continued)

7. HEALTHCARE CYBERSECURITY MARKET-A TELEHEALTH MATRIXTM DISCUSSION

  • The Frost & Sullivan Telehealth MatrixTM
  • The Frost & Sullivan Telehealth MatrixTM (continued)
  • Telehealth MatrixTM Description
  • Telehealth MatrixTM Description (continued)
  • Professional Consumer Spectrum
  • ICT Healthcare Spectrum
  • Telehealth MatrixTM-Top 20 Telehealth Markets
  • Telehealth MatrixTM Discussion
  • Telehealth MatrixTM Discussion (continued)

8. COMPETITIVE ENVIRONMENT

  • Changes in the Competitive Environment
  • Competitive Environment
  • Top Competitors
  • Competitive Factors and Analyst Assessment
  • Cybersecurity Value Chain

9. GROWTH OPPORTUNITIES

  • Growth Opportunity Evaluation as Part of a Business Strategy
  • Levers for Growth
  • Growth Opportunity 1-Integrated Security Solutions
  • Growth Opportunity 2-New Technology
  • Growth Opportunity 3-Flexible Pricing
  • Growth Opportunity 4-Simplification
  • 5 Major Growth Opportunities
  • Strategic Imperatives for Success and Growth

10. NETWORK PERIMETER PROTECTION SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Pricing Trends and Competitive Assessment

11. ENDPOINT PROTECTION SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Pricing Trends and Competitive Assessment

12. END-USER ACCESS SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Pricing Trends and Competitive Assessment

13. PUBLIC-FACING ASSET SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Pricing Trends and Competitive Assessment

14. DETECTION AND RESPONSE SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Pricing Trends and Competitive Assessment

15. MANAGED SERVICES SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Pricing Trends and Competitive Assessment

16. THE LAST WORD

  • The Last Word-3 Big Predictions
  • Last Word Discussion
  • Legal Disclaimer

17. APPENDIX

  • Market Engineering Methodology
  • List of Exhibits
  • List of Exhibits (continued)
  • List of Exhibits (continued)
Back to Top