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US Hospital Cybersecurity Market—2015–2021

US Hospital Cybersecurity Market—2015–2021

  • July 2016
  • 96 pages
  • ID: 4062661
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

US Hospital Cybersecurity Market—2015–2021 : Healthcare Gears Up to Combat the Growing Risk of Cyber Attacks

The report describes and defines the market for various types of solutions (products and services) deployed by US hospitals to protect the security of enterprise information technology (IT) systems and the privacy and security of patient information; covers key factors driving the need to deploy these solutions in response to dynamic industry shifts; discusses key challenges associated with information privacy and security impacting the healthcare industry and hospitals in particular; identifies key vendors that serve the industry; provides an overall outlook for future business and IT trends for hospital cybersecurity; and forecasts growth in spending for the total hospital cybersecurity market and key market segments (products and services) for the 6-year period (2016-2021).

The report goes beyond describing the nature and extent of the rise of cyber attacks across the healthcare landscape and the reasons why everyone is paying closer attention to this issue by also providing a deep look at key market dynamics at play over the coming 5 years. In particular, readers will come away with a strong understanding of the complex competitive dynamics that vendors who want to sell into this market face, including a look at key customer characteristics and changing attitudes about how hospitals are evolving their approach to the deployment of IT security solutions.

Also included is a review of the changing environment for HIPAA requirements and other market-shifting macro trends impacting the need for cybersecurity solutions in US hospitals including identification of the top 5 solutions designated for the strongest growth.

Segmentation: -Hospital Cybersecurity Products -Hospital Cybersecurity Services

Key Questions This Study Will Answer:

What solutions (products and services) comprise the US hospital cybersecurity market?
Who are the key vendors serving this market?
What are the market-shifting macro trends impacting the need for cybersecurity solutions in US hospitals?
What are the specific drivers and restraints impacting the market for cybersecurity solutions used in US hospitals over the next 5 to 6 years?
What is the 6-year spend outlook for cybersecurity solutions deployed by US hospitals?
What are the key competitive dynamics that vendors serving the hospital cybersecurity market need to understand?

Market Scope and Segmentation

For the purpose of this study, the term ?hospital cybersecurity? refers to information security and cybersecurity solutions sold to all U.S. registered hospitals (N=5,627 as of 2016).*
This study sizes and forecasts the hospital cybersecurity solutions (products and services) market at a broad level, estimating the total spend by US hospitals for cybersecurity products and services as defined by Frost & Sullivan for 2015 through 2021.

The two key market segments for this report are:

Hospital Cybersecurity Products, which encompasses hardware, software and related services around implementation, training, and maintenance.

Hospital Cybersecurity Services, which is comprised of two key categories—Managed Security Services (MSS) refers to contracted IT security services (complete or partial) that are outsourced to and delivered by a service provider; and
Professional Services which are comprised of advisory, implementation, and technical consulting services.

Limitations: A vast array of solutions span the IT security/ cybersecurity market. The industry has no consistent way of categorizing market segments for cybersecurity solutions and there is often overlap between products and services as well as
various sub-segments of solution categories. Furthermore, the IT vendor landscape for the hospital cybersecurity industry is highly fragmented, consisting of hundreds of large and small companies providing a wide range of products and services. This study only highlights select vendors in key market segments.



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