South Africa Healthcare Cyber Security Market Size & Outlook
South Africa healthcare cyber security market, 2018-2030 (US$M)
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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.
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Healthcare Cyber Security Market Scope
Healthcare Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 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.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa healthcare cyber security market , including forecasts for subscribers. This country databook contains high-level insights into South Africa healthcare cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa healthcare cyber security market size, by end use, 2018-2030 (US$M)
South Africa Healthcare Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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