Mexico - Latin America Healthcare Cyber Security Market Size & Outlook
The healthcare cyber security market in Mexico - Latin America is expected to reach a projected revenue of US$ 442.3 million by 2030. A compound annual growth rate of 21.1% is expected of Mexico - Latin America healthcare cyber security market from 2024 to 2030.
The Mexico healthcare cyber security market generated a revenue of USD 115.9 million in 2023 and is expected to reach USD 442.3 million by 2030.
The Mexico market is expected to grow at a CAGR of 21.1% from 2024 to 2030.
In terms of segment, hospitals was the largest revenue generating end use in 2023.
Pharma & Chemicals is the most lucrative end use segment registering the fastest growth during the forecast period.
Healthcare cyber security market data book summary
Market revenue in 2023
USD 115.9 million
Market revenue in 2030
USD 442.3 million
Growth rate
21.1% (CAGR from 2023 to 2030)
Largest segment
Hospitals
Fastest growing segment
Pharma & Chemicals
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals
Key market players worldwide
Cisco Systems Inc, International Business Machines Corp, Marubeni Corp, Gen Digital Inc, Trend Micro Inc, Intel Corp, Kaspersky Lab, Lockheed Martin Corp, Northrop Grumman Corp, Imperva, Medigate
Other key industry trends
In terms of revenue, Mexico accounted for 0.7% of the global healthcare cyber security market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Latin America, Brazil healthcare cyber security market is projected to lead the regional market in terms of revenue in 2030.
Mexico is the fastest growing regional market in Latin America and is projected to reach USD 442.3 million by 2030.
Increasing cyberattacks and subsequent rise in favorable initiatives supporting cybersecurity is the key factor for the market growth. Mexico ranks second in the Latin American region in terms of number of cyberattacks.
The number of attacks increased by 40% in 2014 as compared to 2013. Thus, government has launched National Cyber Security Strategy to deal with cyberattacks in the country. This strategy is aimed at increasing collaborations among enterprises and public institutions across Mexico for tackling cyber threats.
It is also aimed at developing a knowledge center that will serve as a repository in case of any cyberattacks and help assist in countering them. Microsoft, Cisco Systems, Intel, and IBM Corporation are some of the major players in the market.
Mexico - Latin America Healthcare Cyber Security Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Healthcare Cyber Security Market Outlook will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 69.97% in 2023.
Horizon Databook has segmented the Mexico - Latin America healthcare cyber security market based on pharma & chemicals, medical devices, health insurance, hospitals covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing cyberattacks and subsequent rise in favorable initiatives supporting cybersecurity is the key factor for the market growth. Mexico ranks second in the Latin American region in terms of number of cyberattacks.
The number of attacks increased by 40% in 2014 as compared to 2013. Thus, government has launched National Cyber Security Strategy to deal with cyberattacks in the country. This strategy is aimed at increasing collaborations among enterprises and public institutions across Mexico for tackling cyber threats.
It is also aimed at developing a knowledge center that will serve as a repository in case of any cyberattacks and help assist in countering them. Microsoft, Cisco Systems, Intel, and IBM Corporation are some of the major players in the market.
Mexico - Latin America Healthcare Cyber Security Market End Use Outlook (Revenue, USD Million , 2018-2030)
Pharma & Chemicals
Medical Devices
Health Insurance
Hospitals
Others
Mexico - Latin America Healthcare Cyber Security Market Type of Threat Outlook (Revenue, USD Million , 2018-2030)
Malware
DDoS
Advanced Persistent Threats (APT)
Spyware
Lost or Stolen Devices
Others
Mexico - Latin America Healthcare Cyber Security Market Type of Solution Outlook (Revenue, USD Million , 2018-2030)
Identity and Access Management
Risk and Compliance Management
Antivirus and Antimalware
DDoS Mitigation
Security Information and Event Management (SIEM)
Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Healthcare Cyber Security Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Healthcare Cyber Security Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Healthcare Cyber Security Market, 2018-2030 (US$M)