Between January and September 2024, healthcare organizations in the United States saw 491 large-scale data breaches, resulting in the loss of over 500 records. This figure has increased significantly in the last decade. To date, the highest number of large-scale data breaches in the U.S. healthcare sector was recorded in 2023, with a reported 745 cases.

In 2023, the most significant healthcare data breach incident in the United States was the HCA Healthcare breach. The Nashville-based company is the largest health system in the United States. During the July 2023 breach, more than *** U.S. hospitals and ***** healthcare sites reported about unauthorized access. The incident impacted ***** million individuals in the United States. Second-ranked PJ&A data breach impacted nearly **** million individuals.

On February 16, 2006, the Department of Heath and Human Services (HHS) published a final rule which details the bases and procedures for imposing civil money penalties on covered entities that violate any of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Administrative Simplification Rules. The Centers for Medicare and Medicaid Services (CMS) has authority to investigate complaints of non-compliance related to all of the HIPAA regulations except the Security Rule or the Privacy Rule. The regulations for which CMS has enforcement authority include, the Transactions and Code Sets (TCS), the National Employer Identifier Number (EIN), and the National Provider Identifier (NPI). Enforcement authority for the HIPAA Security and Privacy Rules is held by the Office for Civil Rights (OCR).

As of August 2024, the minimum fine for HIPAA (Health Insurance Portability and Accountability Act) violations was for the cases when the entity had taken reasonable efforts to comply with HIPAA rules and could not possibly avoid the incidents. This fine amounted to 141 to 71,162 U.S. dollars. The highest amount of fines or settlements was issued to the entities that showed willful neglect and did not make any effort to correct the violation within 30 days.

In the first half of 2024, the total amount of Health Insurance Portability and Accountability Act (HIPAA) settlements and civil monetary penalties in the United States was around 5.86 million U.S. dollars. This figure has seen a significant decrease since 2018, when the highest amount of fines was imposed for HIPAA violations, 28.68 million U.S. dollars.

According to Cognitive Market Research, the global Mobile Encryption market size will be USD XX million in 2025. It will expand at a compound annual growth rate (CAGR) of XX% from 2025 to 2031.

North America held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Europe accounted for a market share of over XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Latin America had a market share of more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. KEY DRIVERS

Cybersecurity Concerns fueling the Global Mobile Encryption Market Growth

The increasing number of cyberattacks and data breaches has been a major driving force behind the growth of the mobile encryption market. As mobile devices like smartphones and tablets store vast amounts of personal, financial, and confidential business data, they have become prime targets for hackers. The surge in cybercrime is evident from report like the National Crime Records Bureau's (NCRB) revelation that over 1.1 million cybercrime cases were reported in India alone in 2023.( https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2003158) These alarming statistics underscore the critical need for stronger data security measures, particularly mobile encryption, to prevent unauthorized access to sensitive information. Organizations are also pressured by regulations such as GDPR and HIPAA, which mandate robust encryption to ensure data protection. The demand for mobile encryption solutions is thus rising as businesses and individuals alike look to secure their data and mitigate the risks posed by cybercriminals. Surge in mobile phone usage driving mobile encryption market The explosive growth in the number of mobile device subscriptions is another key factor driving the demand for mobile encryption. According to the International Telecommunication Union (ITU), there were over 8.58 billion mobile subscriptions globally in 2022, reflecting the massive adoption of mobile phones worldwide (https://www.itu.int/en/ITU-D/Statistics/pages/stat/default.aspx). As more individuals and businesses rely on mobile devices for communication, financial transactions, and storing sensitive information, the risk of data breaches escalates. Mobile encryption ensures that even if a device is lost or stolen, the data remains unreadable to unauthorized users. For instance, major companies in sectors like finance, healthcare, and government are adopting encryption technologies to comply with stringent regulations while safeguarding sensitive data. This widespread adoption of mobile devices increases the need for effective encryption solutions, leading to substantial growth in the mobile encryption market. The mobile encryption market is driven by several interconnected factors, including the rising threat of cyberattacks, the surge in mobile device usage, and the increasing regulatory requirements for data protection. As both individuals and organizations become more aware of the risks posed by unsecured mobile devices, the demand for effective encryption solutions continues to grow. With the proliferation of mobile devices globally, combined with heightened concerns over cybersecurity, the mobile encryption market is expected to expand rapidly, making encryption a vital tool for safeguarding personal and business data in an increasingly digital world.

  Restraints

Regulatory Complexity acting as a Barrier to Mobile Encryption Market Growth

The issues with compatibility of encryption solutions with various devices, platforms, and software poses several Challenges. Mobile devices run on diverse operating systems like iOS, Android, and Windows, and ensuring that encryption tools work seamlessly across these different environments can be complex and resource-intensive. Additionally, encryption solutions are often seen as complicated and time-consuming by some users, which can lead to r...

A 2022 survey among representatives of healthcare organizations in the United States found that nearly 89 percent of the organizations provided training on the detection and mitigation of phishing attacks. Furthermore, around 83 percent received training on HIPAA compliance, while 81 percent had training on data protection responsibilities associated with information security.