South Africa Healthcare Cyber Security Market Size & Outlook
- Healthcare IT
- Healthcare Information and Management Systems
- Healthcare Cyber Security Market Outlook
- Healthcare Information and Management Systems
South Africa Healthcare Cyber Security Market, 2018-2030 (US$M)
Global Market
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South Africa healthcare cyber security market highlights
- The South Africa healthcare cyber security market generated a revenue of USD 149.1 million in 2023 and is expected to reach USD 542.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 20.3% 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 149.1 million |
| Market revenue in 2030 | USD 542.5 million |
| Growth rate | 20.3% (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, South Africa accounted for 0.9% 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 Middle East & Africa, Israel healthcare cyber security market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 542.5 million by 2030.
Key drivers for growth of cybersecurity market include penetration of various eHealth services and rise in use of digital health records.
Department of Health Republic of South Africa formulated an action plan “eHealth Strategy South Africa 2012–2016,’’ which provides vision, mission, and strategies for deployment of eHealth in South Africa. Thus, rise in government initiatives indicate increase in demand of cybersecurity solutions.
Rise in number of cyberattacks and emergence of ransomware as a service making malware accessible are some other factors propelling market growth. Bowline Security, Chubb Fire and Security, Pixelock, and Sphere ICT are among the key cybersecurity players in South Africa.
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Healthcare Cyber Security Market Scope
Healthcare Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Lockheed Martin Corp | View profile | 122,000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | www.lockheedmartin.com |
| Trend Micro Inc | View profile | 7,432 | Shibuya-ku, 2-1-1 Shinjuku Maynds Tower, Yoyogi, Tokyo, Japan, 151-0053 | www.trendmicro.co.jp |
| Gen Digital Inc | View profile | 3,400 | 60 E. Rio Salado Parkway, Suite 1000, Tempe, AZ, United States, 85281 | www.gendigital.com |
| Imperva | View profile | 1001-5000 | Redwood Shores, California, United States, North America | www.imperva.com |
| Northrop Grumman Corp | View profile | 101,000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | www.northropgrumman.com |
| Marubeni Corp | View profile | 53,097 | Tokyo Nihombashi Tower, 7-1, Nihonbashi 2-chome, Chuo-ku, Tokyo, Japan, 103-6060 | www.marubeni.com |
| Kaspersky Lab | View profile | 1001-5000 | Moscow, Moscow City, Russian Federation, Europe | www.kaspersky.com |
South Africa 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 85.51% in 2023.
Horizon Databook has segmented the South Africa 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.
Key drivers for growth of cybersecurity market include penetration of various eHealth services and rise in use of digital health records.
Department of Health Republic of South Africa formulated an action plan “eHealth Strategy South Africa 2012–2016,’’ which provides vision, mission, and strategies for deployment of eHealth in South Africa. Thus, rise in government initiatives indicate increase in demand of cybersecurity solutions.
Rise in number of cyberattacks and emergence of ransomware as a service making malware accessible are some other factors propelling market growth. Bowline Security, Chubb Fire and Security, Pixelock, and Sphere ICT are among the key cybersecurity players in South Africa.
- South Africa Healthcare Cyber Security Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Pharma & Chemicals
- Medical Devices
- Health Insurance
- Hospitals
- Others
- South Africa 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
- South Africa 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 South Africa Healthcare Cyber Security Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Healthcare Cyber Security Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Healthcare Cyber Security Market, 2018-2030 (US$M)
South Africa healthcare cyber security market statistics, by end use, 2018-2030 (US$M)
