Middle East & Africa Healthcare Cyber Security Market Size & Outlook
Middle East & Africa healthcare cyber security market, 2018-2030 (US$M)
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MEA healthcare cyber security market highlights
- The MEA healthcare cyber security market generated a revenue of USD 1,049.7 million in 2023.
- The market is expected to grow at a CAGR of 19% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,049.7 million |
| Market revenue in 2030 | USD 3,557.6 million |
| Growth rate | 19% (CAGR from 2023 to 2030) |
| Largest segment | Hospitals |
| Fastest growing segment | Pharma & Chemicals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 6.1% of the global healthcare cyber security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,365.7 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Healthcare Cyber Security Market Scope
Healthcare Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & 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 will help companies and investors design strategic landscapes.
Hospitals was the largest segment with a revenue share of 85.56% in 2023. Horizon Databook has segmented the Middle East & 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.
Middle East cybersecurity market is in the developing stage. Countries in this region are undergoing digital transformation including mass adoption of advanced and connected technologies. The countries in this region are increasingly investing in ICT.
Middle Eastern countries like Saudi Arabia, Qatar, United Arab Emirates (UAE), Kuwait, and Oman are prospering economies and advancements in healthcare systems that will lead to adoption of eHealth in these countries.
Thus, threat of cyberattacks is rising in Middle East. Public organizations in the region are striving to develop a secure digital infrastructure. Cybercrimes are one of the highest economic crimes that affected nearly 30% organizations in 2016. All these factors are driving the demand for cybersecurity solutions.
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Our clientele includes a mix of healthcare cyber security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa healthcare cyber security market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa healthcare cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA healthcare cyber security market size, by country, 2018-2030 (US$M)
Middle East & Africa Healthcare Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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