The US Healthcare Cybersecurity Market, 2018–2023
The US Healthcare Cybersecurity Market, 2018–2023
Overcoming Barriers to Adoption in the Face of an Increasing Threat
12-Mar-2019
North America
$4,950.00
Special Price $3,712.50 save 25 %
Description
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.
Author: Michael Jude
Table of Contents
Key Findings
Key Questions this Study will Answer
Market Engineering Measurements
CEO’s Perspective
3 Big Predictions
The Healthcare Cyber Threat is Increasing
The Healthcare Cyber Threat is Increasing (continued)
Importance of Cybersecurity in Healthcare
Cybersecurity Spending by Market Vertical
Healthcare Cybersecurity Represents a Growing Market
5 Growth Opportunities Critical for Future Strategy
Strategic Imperatives for Market Participants
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
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
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)
Changes in the Competitive Environment
Competitive Environment
Top Competitors
Competitive Factors and Analyst Assessment
Cybersecurity Value Chain
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
Key Findings
Market Engineering Measurements
Revenue Forecast
Pricing Trends and Competitive Assessment
Key Findings
Market Engineering Measurements
Revenue Forecast
Pricing Trends and Competitive Assessment
Key Findings
Market Engineering Measurements
Revenue Forecast
Pricing Trends and Competitive Assessment
Key Findings
Market Engineering Measurements
Revenue Forecast
Pricing Trends and Competitive Assessment
Key Findings
Market Engineering Measurements
Revenue Forecast
Pricing Trends and Competitive Assessment
Key Findings
Market Engineering Measurements
Revenue Forecast
Pricing Trends and Competitive Assessment
The Last Word—3 Big Predictions
Last Word Discussion
Legal Disclaimer
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
No Index | No |
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Podcast | No |
Author | Michael Jude |
Industries | Healthcare |
WIP Number | K307-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9564-B1,9600-B1,9612-B1 |