Health IT Security Market worth 9,867.5 M USD by 2020, According to a New Study on ASDReports

Tuesday 12 January 2016, Amsterdam

The report, now available on ASDReports, "Health IT Security Market Products and Services (Products (Antivirus, IAM, DLP), Services (Consulting, MSS)), Application (Network Security, Endpoint Security), Delivery Mode (On-premise, On-demand), End User (Provider, Payer) - Global Forecast to 2020", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW).

The health IT security market is expected to witness high growth in coming years. The market size, in terms of value, is expected to reach USD 9,867.5 Million by 2020 from USD 4,905.9 Million in 2015, at a CAGR of 15.0%.

Health IT security Market is segmented on the basis of products and services, applications, delivery mode, end user, and region. The Health IT security market, by end user, is segmented into healthcare providers and payers. The providers market is further segmented into hospitals, physician practices, and others. The primary driver for the growth of the market is the threat of data breach; in 2014, according to industry experts, data breach incidents among healthcare payers and providers increased dramatically by 55%-60% from 2013. This has highlighted the need to deploy IT security measures.

Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is further subsegmented into the U.S. and Canada; while, Europe is further subsegmented into Germany, the U.K., France, and Rest of Europe (RoE). North America is estimated to account for the largest share of the Health IT security market in 2015 and Asia poised to be the fastest-growing region during the forecast period.

The Health IT security market is highly fragmented. Some of the key players in this market includes IBM Corporation (U.S.), Intel Corporation (U.S.), Symantec (U.S.), EMC Corporation (U.S.), Trend Micro (Japan), Oracle Corporation (U.S.), SailPoint Technologies (U.S.), Hewlett Packard (U.S.), Dell, Inc. (U.S.), CA Technologies (U.S.), PricewaterhouseCoopers (PwC) (U.S.), Verizon (U.S.), AT&T (U.S.), Wipro (India), Okta, Inc. (U.S.), CyberArk (U.S.), and CenturyLink (Savvis) (U.S.).