Market Overview:
The global HIPAA compliance software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for cloud-based HIPAA compliance software and the rising number of data breaches across industries. The global HIPAA compliance software market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cloud-based and on-premises. Cloud-based HIPAA compliance software are expected to witness higher growth during the forecast period as they offer several advantages such as scalability, flexibility, and cost efficiency over on-premises solutions. On the basis of application, hospitals are expected to account for a larger share in terms of revenue in 2018 followed by research institutes due to their growing focus on safeguarding patient data from cyber threats.
Product Definition:
HIPAA Compliance Software is a type of software that is used to help organizations become HIPAA compliant. This type of software can help organizations track and manage their HIPAA compliance efforts, as well as provide reporting and other features that can be helpful in meeting HIPAA requirements.
Cloud-Based:
Cloud-based solutions are software services that provide functionality to manage and store data on a remote server. The service is delivered over the internet and can be used from any location in the world. Cloud-based solutions offer various advantages such as easy accessibility, low cost of ownership, high scalability, flexibility of usage & delivery models along with reduced maintenance costs which has resulted in increased popularity among small & medium enterprises (SMEs).
On-Premises:
On-premises software is a term used for software that is installed and run from the original source media or server. The most common type of on-premises software are the computer programs, also known as client/server applications. On-premise solutions include all types of solutions where data and application services are provided from an original source using dedicated hardware (servers) and separate network (LAN) connections.
Application Insights:
The hospital segment dominated the global HIPAA compliance software market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to factors such as increasing number of hospitals, rising investments by governments for developing healthcare infrastructure, and growing focus on maintaining patient confidentiality.
Hospital authorities are making efforts towards ensuring data security by deploying robust security measures such as firewalls, anti-virus programs, and IDS/IPS solutions. Furthermore, these solutions also help in automating complex administrative tasks so that they can concentrate on delivering high-quality care services while reducing costs. These aforementioned factors are anticipated to drive demand over the forecast period.
The research institutes application segment is expected to register a notable CAGR during the study period owing to increasing government funding for medical research activities coupled with an increase in spending capacity among researchers at these institutions.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The U.S. is one of the most lucrative markets for healthcare IT spending, owing to factors such as favorable government policies and increasing demand for advanced medical devices & systems that are more secure and offer enhanced patient care experience.
The Asia Pacific market includes countries such as China, Japan, Australia etc.
Growth Factors:
- Increasing demand for cloud-based HIPAA compliance software due to its scalability and flexibility.
- Proliferation of big data and the need for organizations to protect sensitive data from theft or accidental exposure.
- The increasing number of healthcare data breaches, which has led to a heightened awareness among organizations about the importance of HIPAA compliance.
- Stringent government regulations and standards pertaining to healthcare information security, such as HIPAA and GDPR, are driving the demand for HIPAA compliance software solutions.
Scope Of The Report
Report Attributes
Report Details
Report Title
HIPAA Compliance Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Hospital, Research Institute
By Companies
Ostendio, Congruity 360, DriveStrike, LifeOmic, Azalea Health, SecPod Technologies, Vicarius, Zenefits, MedTrainer, EMS Healthcare Informatics, HIPAA One, Hushmail, Progress Software, PCIHIPAA, Inviscid Software, Virtru, HIPAAMATE, Paubox, LogicManager, Accountable, HIPAAtrek, Promisec, Abyde, SecurityMetrics, HIPAA Survival Guide
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global HIPAA Compliance Software Market Report Segments:
The global HIPAA Compliance Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Research Institute
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ostendio
- Congruity 360
- DriveStrike
- LifeOmic
- Azalea Health
- SecPod Technologies
- Vicarius
- Zenefits
- MedTrainer
- EMS Healthcare Informatics
- HIPAA One
- Hushmail
- Progress Software
- PCIHIPAA
- Inviscid Software
- Virtru
- HIPAAMATE
- Paubox
- LogicManager
- Accountable
- HIPAAtrek
- Promisec
- Abyde
- SecurityMetrics
- HIPAA Survival Guide
Highlights of The HIPAA Compliance Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- Hospital
- Research Institute
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HIPAA Compliance Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HIPAA compliance software is a computer program that helps organizations comply with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). HIPAA requires certain medical records to be protected from unauthorized access, use, or disclosure. HIPAA compliance software helps organizations comply with these requirements by helping to protect medical records from unauthorized access, use, or disclosure.
Some of the major companies in the hipaa compliance software market are Ostendio, Congruity 360, DriveStrike, LifeOmic, Azalea Health, SecPod Technologies, Vicarius, Zenefits, MedTrainer, EMS Healthcare Informatics, HIPAA One, Hushmail, Progress Software, PCIHIPAA, Inviscid Software, Virtru, HIPAAMATE, Paubox, LogicManager, Accountable, HIPAAtrek, Promisec, Abyde, SecurityMetrics, HIPAA Survival Guide.
The hipaa compliance software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HIPAA Compliance Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HIPAA Compliance Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HIPAA Compliance Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HIPAA Compliance Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HIPAA Compliance Software Market Size & Forecast, 2018-2028
4.5.1 HIPAA Compliance Software Market Size and Y-o-Y Growth
4.5.2 HIPAA Compliance Software Market Absolute $ Opportunity
Chapter 5 Global HIPAA Compliance Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HIPAA Compliance Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HIPAA Compliance Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HIPAA Compliance Software Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Research Institute
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HIPAA Compliance Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HIPAA Compliance Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HIPAA Compliance Software Analysis and Forecast
9.1 Introduction
9.2 North America HIPAA Compliance Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HIPAA Compliance Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HIPAA Compliance Software Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Research Institute
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HIPAA Compliance Software Analysis and Forecast
10.1 Introduction
10.2 Europe HIPAA Compliance Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HIPAA Compliance Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HIPAA Compliance Software Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Research Institute
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HIPAA Compliance Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HIPAA Compliance Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HIPAA Compliance Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HIPAA Compliance Software Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Research Institute
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HIPAA Compliance Software Analysis and Forecast
12.1 Introduction
12.2 Latin America HIPAA Compliance Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HIPAA Compliance Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HIPAA Compliance Software Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Research Institute
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HIPAA Compliance Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HIPAA Compliance Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HIPAA Compliance Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HIPAA Compliance Software Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Research Institute
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HIPAA Compliance Software Market: Competitive Dashboard
14.2 Global HIPAA Compliance Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ostendio
14.3.2 Congruity 360
14.3.3 DriveStrike
14.3.4 LifeOmic
14.3.5 Azalea Health
14.3.6 SecPod Technologies
14.3.7 Vicarius
14.3.8 Zenefits
14.3.9 MedTrainer
14.3.10 EMS Healthcare Informatics
14.3.11 HIPAA One
14.3.12 Hushmail
14.3.13 Progress Software
14.3.14 PCIHIPAA
14.3.15 Inviscid Software
14.3.16 Virtru
14.3.17 HIPAAMATE
14.3.18 Paubox
14.3.19 LogicManager
14.3.20 Accountable
14.3.21 HIPAAtrek
14.3.22 Promisec
14.3.23 Abyde
14.3.24 SecurityMetrics
14.3.25 HIPAA Survival Guide
