DataCube Research forecasts the North America healthcare cyber security market to expand at a CAGR of over XX% during the forecast period between 2022 and 2031.
North America Healthcare Cyber Security Market Introduction
Cyber-attacks on healthcare organizations in North America are increasing day-by-day at a significant rate owing to weak multifactor authentication that easily grant access to critical information, followed by lack of healthcare IT security budget allocation which leads to slow adoption of healthcare cyber security measures that have worked for other industries. However, healthcare organizations in North America are inclined towards investing into enhanced healthcare cyber security solutions to become more sophisticated in detecting and blocking cyberattacks.
Rapid digital transformation of healthcare processes and patient shift towards mhealth services are anticipated to increase the demand for advanced healthcare cyber security software and services across the region. Moreover, introduction of government regulation and acts in regards with security and privacy of patient information is anticipated to influence healthcare organizations to deploy healthcare cyber security solutions. This in turn is anticipated to boost the growth of North America healthcare cyber security market. In contrast, shortage of skilled staff is one of the major issues that are anticipated to hinder the market growth to some extent.
The North America healthcare cyber security market has been segmented into offering, software, and service.
Based on offering, the North America healthcare cyber security market includes software and service segments. In terms of growth, the software segment is anticipated to expand at the highest CAGR during the forecast period owing to increase in expenditure by healthcare organizations over advanced healthcare cyber security software such as endpoint security, mobile security and protection software.
Among software, the cloud security and data governance & compliance automation software sub-segments collectively accounted for around XX of the overall market revenue share in 2021. Furthermore, rise in need for advanced security and data governance & compliance management are anticipated to accelerate the sub-segments growth at a significant CAGRs during the forecast period.
In terms of revenue, the consulting service sub-segment is anticipated to increase by XX by 2031 over 2021.
Rise in inclination of healthcare organizations towards cloud based healthcare cyber security solutions are anticipated to expand the cloud segment at the highest CAGR during the forecast period.
Based on healthcare organization size, the North America healthcare cyber security market segment is bifurcated into micro enterprise, small enterprise, medium enterprise, and large enterprise.
The North America healthcare cyber security market is segmented into U.S. and Canada. Expenditure on healthcare cyber security software and services by North American healthcare organizations are projected to increase over XX by 2031 over 2021.
North America Healthcare Cyber Security Market Competitive Landscape
Prominent players operating in the North America healthcare cyber security are inclined towards expanding their technological capabilities and customer base through strategic mergers & acquisitions and collaboration with other technology providers. Some of the key players identified in the North America healthcare cyber security market are Accenture PLC, CGI Group Inc., Deloitte Touche Tohmatsu, Ernst & Young LLP, IBM Corporation, KPMG LLP, Oracle Corporation, PricewaterhouseCoopers LLP, TELUS Corporation, and Symantec Corporation.