About HIPAA Compliance Software
HIPAA Compliance Software is a powerful security and compliance resource to protect against a breach that provides a framework to guide a HIPAA-covered entity or business associate through the process of becoming HIPAA-compliant and ensuring continued compliance with HIPAA and HITECH Act Rules. This software designed to help you manage the documentation, auditing, assessments and action planning needed to maintain compliance with the HIPAA Rule. This is a powerful tool to put structure around processes that have traditionally been scattered.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global HIPAA Compliance Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ostendio, Inc. (United States), Accountable HQ, Inc. (United States), Azalea Health Innovations, Inc. (United States), HIPAA One (United States), LifeOmic Health, LLC (United States), MedTrainer Inc. (United States), PCIHIPAA (United States), SecPod Technologies India), Virtru (United States) and Zenefits (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Promisec Limited (United States) and SecurityMetrics (United States).
Segmentation Overview
AMA Research has segmented the market of Global HIPAA Compliance Software market by , Application (Hospital and Research Institute) and Region.
On the basis of geography, the market of HIPAA Compliance Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Desktop will boost the HIPAA Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises will boost the HIPAA Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the HIPAA Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the HIPAA Compliance Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Cloud-based Solutions
Market Growth Drivers:
Increased Applications of Health Insurance Portability and Accountability Act (HIPAA) for Protection of Sensitive Patient Data and Increased Outsourcing of Various Healthcare Services
Challenges:
Lack of Skilled Professionals for Implementation of HIPAA Compliance
Restraints:
Technological Complexities in HIPAA Compliance Software
Opportunities:
Growth in the Healthcare Industry Worldwide and Increasing Demand from End-users
In April 2022, The industry’s first HIPAA-compliant observability platform is now HITRUST-certified. You can use New Relic to monitor application and infrastructure performance of systems containing Protected Health Information (PHI). New Relic is the first cloud-based HIPAA-compliant observability platform for all telemetry data including metrics, events, logs and distributed traces across the entire software stack. And now it’s the first to achieve HITRUST certification.
Key Target Audience
HIPAA Compliance Software Developers, Research Professionals, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.