The new report by Expert Market Research titled, ‘Global Healthcare Cyber Security Market Size, Share, Growth, Analysis Report and Forecast 2022-2027’, gives an in-depth analysis of the healthcare cyber security market, assessing the market based on its segments like type, security type, and major regions among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Healthcare Cyber Security Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
Historical Market Size (2021): USD 9395.86 million
Forecast CAGR (2022-2027): 15.40%
Forecast Market Size (2027): USD 22190.71 million
The widespread usage of digital services in the healthcare industry is what is driving the worldwide market for healthcare cyber security. This has led to a significant increase in cyber dangers including phishing scams, ransomware attacks, and other sorts of data breach attacks.
Thus, the market expansion is being driven by the increasing usage of healthcare cyber security to stop healthcare fraud. Additionally, the number of linked devices in the healthcare industry has increased because of the Internet of Things’ (IoT) market penetration, this provides unethical hackers more opportunities to exercise frauds hence furthering the market growth of healthcare cyber security systems.
Healthcare Cyber Security Industry Definition and Major Segments
Healthcare cyber security aids in keeping electronic data and assets from being accessed and used without authorization in the healthcare sector like clinics and hospitals.
Additionally, they help to retain health records, lower the risk of medical mistakes, increase diagnostic accuracy, and safeguard patient privacy. As a result, hospitals, ambulatory services, and surgical centres all often utilise cyber security in healthcare.
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Based on type, the market can be divided into:
On the basis of security type, the market can be segmented into:
• Application Security
• Cloud Security
• Content Security
• Endpoint Security
• Network Security
• Wireless Security
The major regional markets of the healthcare cyber security market are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Healthcare Cyber Security Market Trends
The increasing government funding for the creation of cyber security solutions for the healthcare sector is expected to fuel growth in the global market for healthcare cyber security. Due to this, top industry players are constantly developing and updating cutting-edge solutions to reduce the risk of cyberattacks in hospitals, clinics, and other healthcare facilities, which is anticipated to fuel market expansion in the upcoming years.
Additionally, it is anticipated that the use of advanced security systems, including authentication options like two-factor and multi-factor authentication, biometric solutions like fingerprint scanners, and others, powered by advanced digital technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), will accelerate the market growth of healthcare cyber security.
Key Market Players
The major players in the market are:
- Cisco Systems, Inc.
- Fireeye, Inc.
- IBM Corporation
- Kaspersky LAB
- Macafee, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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