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The Healthcare Cyber Security Market size was valued at USD 17.10 Billion in 2023 and is expected to reach USD 80.60 Billion by 2032 and grow at a CAGR of 18.8% over the forecast period 2024-2032.
The healthcare industry is witnessing a high demand for effective solutions against cybersecurity threats. The major aspect that has been clearly analysed here has been the increasing incidents of cybercrimes targeting health care providers. Patient’s data was compromised in 45% of the total breaches in 2022 according to the Department of Human and Health Services (HHS) wherein 40 million people were affected. In terms of compromised patient records, this means that there was an almost 30% increase from those of 2021. Furthermore, the Federal Bureau of Investigation (FBI’s) report on ransomware attacks in 2023 revealed that cybercriminals have grown more advanced with a 67% increase in attacks on the healthcare sector. These attacks interfere with patient care and also cause significant financial losses since it takes over USD 9.3 million as an average cost for a breach involving healthcare data. As such, increased attack rates, escalating demand for securing information, as well as high expense of violations are forcing medical organizations across America to focus more on investing in security systems. Also, the high adoption rates of AI in healthcare in developed nations is playing a major role in improving the overall demand landscape for healthcare cyber security market. For instance, 90% of nursing tasks will be done by artificial intelligence by 2030 which will ultimately force the need for healthcare cyber security solutions.
Moreover, government regulations are similarly serving a very imperative function. Health Insurance Portability and Accountability Act (HIPAA) is crucial as it requires strong data security measures while the Department of Justice (DOJ) goes after criminals in the healthcare cyber fraud sector. Thus, such combinations are pushing the healthcare cyber security market to its next stage of substantial growth. Having this in mind, US health care industry due to some factors coming together has been witnessing an upswing regarding demanding strong cybersecurity solutions. The main one among them is the disturbing growth of cyber-attacks on health care providers.
Market Dynamics:
Drivers:
The regulatory bodies across the globe have started applying even tighter rules regarding the protection of data like HIPAA in the US and GDPR regulation in EU.
The use of invasive and wearable medical low-power devices in healthcare palate the Internet of things (IoT). Moreover, the use of clouds for storage is now being practices with EHRs, although it remains common.
The rising technological advancements and the increased in the use of IT solutions particularly for outpatient services among healthcare workers.
The enhancement of technology has led to the simplification of healthcare personnel's procedures for outpatient care through an increase in IT solutions. Electronic health records allow secure access to patient data, enabling drug management and virtual medical appointments. Telehealth services enable virtual appointments, enhancing accessibility for patients residing at a distance or facing mobility constraints. However, this compromising factor presents the healthcare cybersecurity market at risk because, as time passes, the dependency on technology increases. Proper implementations of cybersecurity are essential because reported major breaches doubled from 2018 and 2022 with 93% in rate. The need for enhancing the security arrangements is believed by the healthcare facilities to be on the rise following the deployment of the IT solutions.
Restrains:
Many health professionals are unaware about cyber threats such as scam that may occur due to human errors leading to cyber-attacks or leaking data.
A lack of cybersecurity training is evident as less than a third of the health workers claiming to have had any training at all, but a significant number of them also seem to have little knowledge concerning the existence of cyber threats in the first place. This leads to a rather risky position when it comes to financial operations. The employees for instance when conducted through phishing, they can be made to release certain key information or click some certain links which can effectively launch a cyber-attack or release sensitive information.
Such lack of preparation boosts the healthcare cyber security market. Since patient data is often under attack, the necessity for formidable protection is without doubt. For instance, in May 2024 when a hospital chain largely failed the test on a vulnerability that had become apparent. Cyber criminals we’re able to breach the system through a phishing email, violating the patients’ records and thereby placing the lives of thousands at risk due to the treatments that were made to be delayed. This incident supports the very much needed cybersecurity education in healthcare organizations.
On The Basis of Component
Solutions
Antivirus and Antimalware
Identity and Access Management Solutions
Encryption and Data Loss Protection Solutions
Other solutions
Services
Consulting
Managed Security Services
Others Services
On The Basis of Security Type
Network Security
Application Security
Device Security
Others
Network Security held around 60% share in 2023, is indeed the largest segment and it gives rise to firewalls, intrusion detection/prevention systems (IDS/IPS) and data loss prevention (DLP) among others. Such tools keep off unauthorized admission, malicious code infestation as well as these tools help in keeping away hackers from accessing healthcare data.
Application Security accounted for 25% of share, this segment looks at how to protect healthcare applications that hold and process sensitive patient information. It contains products such as web application firewall, source code scanners, or API security that do not allow attackers take advantage of weak points in healthcare apps. According to SNS Insider study Device Security held around 15% share in 2023. With connected medical devices like pacemakers and insulin pumps on the rise, securing them becomes very important. This section also covers end point security software, device authentication protocols and encryption keys which secure these gadgets from any form of manipulation and access by unauthorized parties.
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On The Basis of Deployment
On-premises
Cloud-based
In 2023 on-premises solutions were dominant approximately holding around 65% share for the healthcare organizations that wanted total control of their security systems. This was attractive to institutions with strict regulatory demands or fears of cloud privacy invasion. Recently, the use of cloud-based solutions which is expected to reach 35% by 2032 is growing due to the advantages of scalability, cost savings, and ease in implementation particularly for small practices. Furthermore, initial fears are being addressed through improved cloud protection protocols and expanding faith in reputable cloud service providers. Thus, a mixture of on-premises and cloud-based solutions is formed by this situation where some companies match them with their specific safety needs and infrastructure capabilities.
On The Basis of End-use
Pharma & Chemicals
Medical Devices
Health Insurance
Hospitals
Others
Hospitals are one of the major platforms for cyberattacks, accounted for approximately 35% of the market share due to their vast stores of electronic health records (EHRs) and dependence on interlinked medical devices. For Pharma & Chemicals segment which held 20% share in 2023, industrial espionage is a known threat that steals intellectual property and research data.
Manufacturers of medical devices is growing segment which held 15% share in 2023 and is expected to be the fastest segment over the forecast period, have difficulties in securing connected devices from vulnerabilities capable to disrupt patient care or compromise safety. Health insurance companies accounted for approximately 10% share regard the protection of sensitive financial information and prevention of fraudulent claims as key.
The North American healthcare cybersecurity was a market leader globally with over 40% market share in 2023. Many top healthcare cybersecurity companies are based in the United States which is a powerhouse in North America, making the U.S. marketplace highly competitive and full of opportunities. These companies provide cutting edge solutions for an extensive healthcare infrastructure including hospitals, clinics and pharmaceutical giants. Secondly, North America has a high level of consciousness about cyber threats. At least one cyber-attack has been experienced by 75% of healthcare organizations in the region. Increased awareness of this has prompted more investment into cybersecurity solutions, thus driving market growth. Furthermore, stringent government regulations exist in North America concerning patient data privacy (HIPAA) that require strong cybersecurity measures. These regulations mixed with a rapidly changing threat landscape repeat the position of North America as the leading healthcare cybersecurity market.
Asia-Pacific’s healthcare sector is undergoing a transition to an interconnected system with an increased usage of EHRs, telehealth & telemedicine and internet connected medical devices. The digitalization process however not only improves patients’ care but also increases the chances for cyber-criminals to sneak into an organization’s systems. In Asia, it is shocking that as high as 75% of its people do not have basic knowledge on how to stay safe online therefore making them vulnerable to social engineering tactics and phishing attacks. This loophole is further increased since at least some underdeveloped countries within APAC still lack the required network infrastructure capable of protecting their systems from sophisticated cyber-attacks. But the scenario is not completely vulnerable, a recent study stated there has been an increase in the number of cyberattacks up to 80% further causing a boom in health care security cognizance. Solutions such as Identity and Access Management (IAM) would be mainly used by governments and healthcare providers to enhance safety for access to patient’s sensitive data.
Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are 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. & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 17.10 Billion |
| Market Size by 2032 | USD 80.60 Billion |
| CAGR | CAGR 18.8% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Component (Solution and services) • by Security Type (Network Security, Application Security, Device Security, and Others) • by Deployment (On-premises and Cloud-based) • by End-use (Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Northrop Grumma Corporation, Palo Alto Networks, Inc., sensato investors, Symantec Corporation, Cisco Systems, Inc., FireEye, Inc., IBM Corporation, Kaspersky Lab, Lockheed Martin Corporation, and MACAFEE, INC. |
| Key Drivers |
|
| Market Restraints |
|
Ans: - The Healthcare Cyber Security Market size was valued at USD 17.10 Bn in 2023.
Ans: - The Healthcare Cyber Security Market is to grow at CAGR of a 18.8% over the forecast period 2024-2032.
Ans: - North America is expected to account for the greatest proportion of the global healthcare cybersecurity market.
Ans: - The major key players are Northrop Grumma Corporation, Palo Alto Networks, Inc., sensato investors, Symantec Corporation, Cisco Systems, Inc., FireEye, Inc., IBM Corporation, Kaspersky Lab, Lockheed Martin Corporation, and MACAFEE, INC.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Healthcare Cyber Security Market Segmentation, By Component
7.1 Introduction
7.2 Solutions
7.2.1 Antivirus and Antimalware
7.2.2 Identity and Access Management Solutions
7.2.3 Encryption and Data Loss Protection Solutions
7.2.4 Other solutions
7.3 Services
7.3.1 Consulting
7.3.2 Managed Security Services
7.3.3 Others Services
8. Healthcare Cyber Security Market Segmentation, By Security Type
8.1 Introduction
8.2 Network Security
8.3 Application Security
8.4 Device security
8.5 Others
9. Healthcare Cyber Security Market Segmentation, By Deployment
9.1 Introduction
9.2 On-Premises
9.3 Cloud-based
10. Healthcare Cyber Security Market Segmentation, By End User
10.1 Introduction
10.2 Pharma & Chemicals
10.3 Medical Devices
10.4 Health Insurance
10.5 Hospitals
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Healthcare Cyber Security Market by Country
11.2.3 North America Healthcare Cyber Security Market By Component
11.2.4 North America Healthcare Cyber Security Market By Security Type
11.2.5 North America Healthcare Cyber Security Market By Deployment
11.2.6 North America Healthcare Cyber Security Market By End User
11.2.7 USA
11.2.7.1 USA Healthcare Cyber Security Market By Component
11.2.7.2 USA Healthcare Cyber Security Market By Security Type
11.2.7.3 USA Healthcare Cyber Security Market By Deployment
11.2.7.4 USA Healthcare Cyber Security Market By End User
11.2.8 Canada
11.2.8.1 Canada Healthcare Cyber Security Market By Component
11.2.8.2 Canada Healthcare Cyber Security Market By Security Type
11.2.8.3 Canada Healthcare Cyber Security Market By Deployment
11.2.8.4 Canada Healthcare Cyber Security Market By End User
11.2.9 Mexico
11.2.9.1 Mexico Healthcare Cyber Security Market By Component
11.2.9.2 Mexico Healthcare Cyber Security Market By Security Type
11.2.9.3 Mexico Healthcare Cyber Security Market By Deployment
11.2.9.4 Mexico Healthcare Cyber Security Market By End User
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Healthcare Cyber Security Market by Country
11.3.2.2 Eastern Europe Healthcare Cyber Security Market By Component
11.3.2.3 Eastern Europe Healthcare Cyber Security Market By Security Type
11.3.2.4 Eastern Europe Healthcare Cyber Security Market By Deployment
11.3.2.5 Eastern Europe Healthcare Cyber Security Market By End User
11.3.2.6 Poland
11.3.2.6.1 Poland Healthcare Cyber Security Market By Component
11.3.2.6.2 Poland Healthcare Cyber Security Market By Security Type
11.3.2.6.3 Poland Healthcare Cyber Security Market By Deployment
11.3.2.6.4 Poland Healthcare Cyber Security Market By End User
11.3.2.7 Romania
11.3.2.7.1 Romania Healthcare Cyber Security Market By Component
11.3.2.7.2 Romania Healthcare Cyber Security Market By Security Type
11.3.2.7.3 Romania Healthcare Cyber Security Market By Deployment
11.3.2.7.4 Romania Healthcare Cyber Security Market By End User
11.3.2.8 Hungary
11.3.2.8.1 Hungary Healthcare Cyber Security Market By Component
11.3.2.8.2 Hungary Healthcare Cyber Security Market By Security Type
11.3.2.8.3 Hungary Healthcare Cyber Security Market By Deployment
11.3.2.8.4 Hungary Healthcare Cyber Security Market By End User
11.3.2.9 Turkey
11.3.2.9.1 Turkey Healthcare Cyber Security Market By Component
11.3.2.9.2 Turkey Healthcare Cyber Security Market By Security Type
11.3.2.9.3 Turkey Healthcare Cyber Security Market By Deployment
11.3.2.9.4 Turkey Healthcare Cyber Security Market By End User
11.3.2.10 Rest of Eastern Europe
11.3.2.10.1 Rest of Eastern Europe Healthcare Cyber Security Market By Component
11.3.2.10.2 Rest of Eastern Europe Healthcare Cyber Security Market By Security Type
11.3.2.10.3 Rest of Eastern Europe Healthcare Cyber Security Market By Deployment
11.3.2.10.4 Rest of Eastern Europe Healthcare Cyber Security Market By End User
11.3.3 Western Europe
11.3.3.1 Western Europe Healthcare Cyber Security Market by Country
11.3.3.2 Western Europe Healthcare Cyber Security Market By Component
11.3.3.3 Western Europe Healthcare Cyber Security Market By Security Type
11.3.3.4 Western Europe Healthcare Cyber Security Market By Deployment
11.3.3.5 Western Europe Healthcare Cyber Security Market By End User
11.3.3.6 Germany
11.3.3.6.1 Germany Healthcare Cyber Security Market By Component
11.3.3.6.2 Germany Healthcare Cyber Security Market By Security Type
11.3.3.6.3 Germany Healthcare Cyber Security Market By Deployment
11.3.3.6.4 Germany Healthcare Cyber Security Market By End User
11.3.3.7 France
11.3.3.7.1 France Healthcare Cyber Security Market By Component
11.3.3.7.2 France Healthcare Cyber Security Market By Security Type
11.3.3.7.3 France Healthcare Cyber Security Market By Deployment
11.3.3.7.4 France Healthcare Cyber Security Market By End User
11.3.3.8 UK
11.3.3.8.1 UK Healthcare Cyber Security Market By Component
11.3.3.8.2 UK Healthcare Cyber Security Market By Security Type
11.3.3.8.3 UK Healthcare Cyber Security Market By Deployment
11.3.3.8.4 UK Healthcare Cyber Security Market By End User
11.3.3.9 Italy
11.3.3.9.1 Italy Healthcare Cyber Security Market By Component
11.3.3.9.2 Italy Healthcare Cyber Security Market By Security Type
11.3.3.9.3 Italy Healthcare Cyber Security Market By Deployment
11.3.3.9.4 Italy Healthcare Cyber Security Market By End User
11.3.3.10 Spain
11.3.3.10.1 Spain Healthcare Cyber Security Market By Component
11.3.3.10.2 Spain Healthcare Cyber Security Market By Security Type
11.3.3.10.3 Spain Healthcare Cyber Security Market By Deployment
11.3.3.10.4 Spain Healthcare Cyber Security Market By End User
11.3.3.11 Netherlands
11.3.3.11.1 Netherlands Healthcare Cyber Security Market By Component
11.3.3.11.2 Netherlands Healthcare Cyber Security Market By Security Type
11.3.3.11.3 Netherlands Healthcare Cyber Security Market By Deployment
11.3.3.11.4 Netherlands Healthcare Cyber Security Market By End User
11.3.3.12 Switzerland
11.3.3.12.1 Switzerland Healthcare Cyber Security Market By Component
11.3.3.12.2 Switzerland Healthcare Cyber Security Market By Security Type
11.3.3.12.3 Switzerland Healthcare Cyber Security Market By Deployment
11.3.3.12.4 Switzerland Healthcare Cyber Security Market By End User
11.3.3.13 Austria
11.3.3.13.1 Austria Healthcare Cyber Security Market By Component
11.3.3.13.2 Austria Healthcare Cyber Security Market By Security Type
11.3.3.13.3 Austria Healthcare Cyber Security Market By Deployment
11.3.3.13.4 Austria Healthcare Cyber Security Market By End User
11.3.3.14 Rest of Western Europe
11.3.3.14.1 Rest of Western Europe Healthcare Cyber Security Market By Component
11.3.3.14.2 Rest of Western Europe Healthcare Cyber Security Market By Security Type
11.3.3.14.3 Rest of Western Europe Healthcare Cyber Security Market By Deployment
11.3.3.14.4 Rest of Western Europe Healthcare Cyber Security Market By End User
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Healthcare Cyber Security Market by Country
11.4.3 Asia-Pacific Healthcare Cyber Security Market By Component
11.4.4 Asia-Pacific Healthcare Cyber Security Market By Security Type
11.4.5 Asia-Pacific Healthcare Cyber Security Market By Deployment
11.4.6 Asia-Pacific Healthcare Cyber Security Market By End User
11.4.7 China
11.4.7.1 China Healthcare Cyber Security Market By Component
11.4.7.2 China Healthcare Cyber Security Market By Security Type
11.4.7.3 China Healthcare Cyber Security Market By Deployment
11.4.7.4 China Healthcare Cyber Security Market By End User
11.4.8 India
11.4.8.1 India Healthcare Cyber Security Market By Component
11.4.8.2 India Healthcare Cyber Security Market By Security Type
11.4.8.3 India Healthcare Cyber Security Market By Deployment
11.4.8.4 India Healthcare Cyber Security Market By End User
11.4.9 Japan
11.4.9.1 Japan Healthcare Cyber Security Market By Component
11.4.9.2 Japan Healthcare Cyber Security Market By Security Type
11.4.9.3 Japan Healthcare Cyber Security Market By Deployment
11.4.9.4 Japan Healthcare Cyber Security Market By End User
11.4.10 South Korea
11.4.10.1 South Korea Healthcare Cyber Security Market By Component
11.4.10.2 South Korea Healthcare Cyber Security Market By Security Type
11.4.10.3 South Korea Healthcare Cyber Security Market By Deployment
11.4.10.4 South Korea Healthcare Cyber Security Market By End User
11.4.11 Vietnam
11.4.11.1 Vietnam Healthcare Cyber Security Market By Component
11.4.11.2 Vietnam Healthcare Cyber Security Market By Security Type
11.4.11.3 Vietnam Healthcare Cyber Security Market By Deployment
11.4.11.4 Vietnam Healthcare Cyber Security Market By End User
11.4.12 Singapore
11.4.12.1 Singapore Healthcare Cyber Security Market By Component
11.4.12.2 Singapore Healthcare Cyber Security Market By Security Type
11.4.12.3 Singapore Healthcare Cyber Security Market By Deployment
11.4.12.4 Singapore Healthcare Cyber Security Market By End User
11.4.13 Australia
11.4.13.1 Australia Healthcare Cyber Security Market By Component
11.4.13.2 Australia Healthcare Cyber Security Market By Security Type
11.4.13.3 Australia Healthcare Cyber Security Market By Deployment
11.4.13.4 Australia Healthcare Cyber Security Market By End User
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Healthcare Cyber Security Market By Component
11.4.14.2 Rest of Asia-Pacific Healthcare Cyber Security Market By Security Type
11.4.14.3 Rest of Asia-Pacific Healthcare Cyber Security Market By Deployment
11.4.14.4 Rest of Asia-Pacific Healthcare Cyber Security Market By End User
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Healthcare Cyber Security Market by Country
11.5.2.2 Middle East Healthcare Cyber Security Market By Component
11.5.2.3 Middle East Healthcare Cyber Security Market By Security Type
11.5.2.4 Middle East Healthcare Cyber Security Market By Deployment
11.5.2.5 Middle East Healthcare Cyber Security Market By End User
11.5.2.6 UAE
11.5.2.6.1 UAE Healthcare Cyber Security Market By Component
11.5.2.6.2 UAE Healthcare Cyber Security Market By Security Type
11.5.2.6.3 UAE Healthcare Cyber Security Market By Deployment
11.5.2.6.4 UAE Healthcare Cyber Security Market By End User
11.5.2.7 Egypt
11.5.2.7.1 Egypt Healthcare Cyber Security Market By Component
11.5.2.7.2 Egypt Healthcare Cyber Security Market By Security Type
11.5.2.7.3 Egypt Healthcare Cyber Security Market By Deployment
11.5.2.7.4 Egypt Healthcare Cyber Security Market By End User
11.5.2.8 Saudi Arabia
11.5.2.8.1 Saudi Arabia Healthcare Cyber Security Market By Component
11.5.2.8.2 Saudi Arabia Healthcare Cyber Security Market By Security Type
11.5.2.8.3 Saudi Arabia Healthcare Cyber Security Market By Deployment
11.5.2.8.4 Saudi Arabia Healthcare Cyber Security Market By End User
11.5.2.9 Qatar
11.5.2.9.1 Qatar Healthcare Cyber Security Market By Component
11.5.2.9.2 Qatar Healthcare Cyber Security Market By Security Type
11.5.2.9.3 Qatar Healthcare Cyber Security Market By Deployment
11.5.2.9.4 Qatar Healthcare Cyber Security Market By End User
11.5.2.10 Rest of Middle East
11.5.2.10.1 Rest of Middle East Healthcare Cyber Security Market By Component
11.5.2.10.2 Rest of Middle East Healthcare Cyber Security Market By Security Type
11.5.2.10.3 Rest of Middle East Healthcare Cyber Security Market By Deployment
11.5.2.10.4 Rest of Middle East Healthcare Cyber Security Market By End User
11.5.3 Africa
11.5.3.1 Africa Healthcare Cyber Security Market by Country
11.5.3.2 Africa Healthcare Cyber Security Market By Component
11.5.3.3 Africa Healthcare Cyber Security Market By Security Type
11.5.3.4 Africa Healthcare Cyber Security Market By Deployment
11.5.3.5 Africa Healthcare Cyber Security Market By End User
11.5.3.6 Nigeria
11.5.3.6.1 Nigeria Healthcare Cyber Security Market By Component
11.5.3.6.2 Nigeria Healthcare Cyber Security Market By Security Type
11.5.3.6.3 Nigeria Healthcare Cyber Security Market By Deployment
11.5.3.6.4 Nigeria Healthcare Cyber Security Market By End User
11.5.3.7 South Africa
11.5.3.7.1 South Africa Healthcare Cyber Security Market By Component
11.5.3.7.2 South Africa Healthcare Cyber Security Market By Security Type
11.5.3.7.3 South Africa Healthcare Cyber Security Market By Deployment
11.5.3.7.4 South Africa Healthcare Cyber Security Market By End User
11.5.3.8 Rest of Africa
11.5.3.8.1 Rest of Africa Healthcare Cyber Security Market By Component
11.5.3.8.2 Rest of Africa Healthcare Cyber Security Market By Security Type
11.5.3.8.3 Rest of Africa Healthcare Cyber Security Market By Deployment
11.5.3.8.4 Rest of Africa Healthcare Cyber Security Market By End User
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Healthcare Cyber Security Market by Country
11.6.3 Latin America Healthcare Cyber Security Market By Component
11.6.4 Latin America Healthcare Cyber Security Market By Security Type
11.6.5 Latin America Healthcare Cyber Security Market By Deployment
11.6.6 Latin America Healthcare Cyber Security Market By End User
11.6.7 Brazil
11.6.7.1 Brazil Healthcare Cyber Security Market By Component
11.6.7.2 Brazil Healthcare Cyber Security Market By Security Type
11.6.7.3 Brazil Healthcare Cyber Security Market By Deployment
11.6.7.4 Brazil Healthcare Cyber Security Market By End User
11.6.8 Argentina
11.6.8.1 Argentina Healthcare Cyber Security Market By Component
11.6.8.2 Argentina Healthcare Cyber Security Market By Security Type
11.6.8.3 Argentina Healthcare Cyber Security Market By Deployment
11.6.8.4 Argentina Healthcare Cyber Security Market By End User
11.6.9 Colombia
11.6.9.1 Colombia Healthcare Cyber Security Market By Component
11.6.9.2 Colombia Healthcare Cyber Security Market By Security Type
11.6.9.3 Colombia Healthcare Cyber Security Market By Deployment
11.6.9.4 Colombia Healthcare Cyber Security Market By End User
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Healthcare Cyber Security Market By Component
11.6.10.2 Rest of Latin America Healthcare Cyber Security Market By Security Type
11.6.10.3 Rest of Latin America Healthcare Cyber Security Market By Deployment
11.6.10.4 Rest of Latin America Healthcare Cyber Security Market By End User
12. Company Profiles
12.1 Northrop Grumma Corporation
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 Palo Alto Networks, Inc.,
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 Sensato investors
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 Symantec Corporation
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 Cisco Systems, Inc.,
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 FireEye, Inc.,
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 IBM Corporation
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 Kaspersky Lab
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 Lockheed Martin Corporation
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 MACAFEE, INC.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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