At a CAGR of 17.80%, global cybersecurity in healthcare market size

Cybersecurity in the healthcare market

According to Facts and Factors, the global healthcare cybersecurity market size was worth approximately USD 12.3 billion in 2021 and is projected to reach approximately USD 32.9 billion by 2028, growing at a compound annual growth rate ( CAGR) of approximately 17.80. % over the forecast period. This growth is expected to occur at a rate of approximately 17.80% over the forecast period. The study examines the Cybersecurity in Healthcare market, focusing on its drivers, restraints, and challenges, and the effect these factors will have on the demand during the forecast period. In addition to this, the report investigates new business opportunities in the field of cybersecurity for the healthcare sector.

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Key players in the Global Cybersecurity in Healthcare Market include

Cisco
IBM
FireEye
Symantec
information
Kaspersky
Lockheed Martin
Northrop Grumman
Trend Micro
MacAfee.

The level of sophistication of cyberattacks, in addition to the severity of the cyberthreat facing the healthcare sector, has increased significantly. Both private industry and public administration are aware of the new era. The vulnerability to malicious penetration of a system increases with each new development in automated processes, interoperability and data analysis. The healthcare industry is particularly vulnerable to the dangers posed by cyberattacks because these attacks can compromise not only the security of information and systems but also the well-being and protection of individuals. Due to the growing need for cybersecurity in healthcare, the global cybersecurity in healthcare market is expected to grow at a compound annual growth rate (CAGR) of 17.80% during the projection period.

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Some of the factors driving the market include rising concerns over privacy and security, rising adoption of advanced cybersecurity solutions, and rise in the number of cyberattacks. A number of factors including increasing adoption of cloud-based healthcare solutions, connected devices and smartphones, and 5G technology are contributing to the predicted expansion of the market throughout the period of forecast. As Internet of Things (IoT) devices continue to improve patient care while simultaneously posing new security challenges, there is a growing need for advanced cybersecurity solutions for healthcare. The growing number of data breaches occurring in the healthcare sector is driving the growth of the cybersecurity solutions market.

Segmental overview

The global healthcare cybersecurity market can be segmented on the basis of solution type, threat, end-use, and geography.

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The market can be divided into several categories based on the type of solution available, including Identity & Access Management, Risk & Compliance Management, Antivirus & Antimalware, DDoS Attack Mitigation, security information and event management, intrusion detection system/intrusion prevention system, and other categories. In 2021, the market was dominated by the sector which included anti-virus and anti-malware scans. Malware, distributed denial of service attacks, advanced persistent threats, spyware, lost or stolen devices, and other types of threats make up the various segments of the market. The malware sub-segment will be the largest part of the market in 2021, according to projections.

The pharmaceutical and chemical industry, along with the medical device industry, health insurance providers, and hospitals make up the various segments of the market. In 2021, the market was dominated by the industry that dealt with hospitals during the forecast period.

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Competitive landscape

The report contains qualitative and quantitative research on the global cybersecurity in healthcare market, as well as detailed information and development strategies used by key competitors. The report also provides an in-depth analysis of key market competitors along with insights into their competitiveness. The research also identifies and analyzes significant business strategies employed by these major market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

RECENT DEVELOPMENTS:

In November 2021, ReaQta, a Dutch cybersecurity threat detection and response startup, was purchased by IBM as part of a plan to increase its cybersecurity and response capabilities.
In February 2020, GE Healthcare launched a new cybersecurity service offering that combines medical device insights, artificial intelligence and process management solutions to help hospital groups combat cyber threats. Skeye is a new technology that augments hospitalsโ€™ existing resources and capabilities by providing proactive monitoring through a remote Security Operations Center (SOC), allowing them to notice, assess and respond to events and threats. real-time cybersecurity.

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The global healthcare cybersecurity market is segmented as follows:

Kind of solutions

Identity and access management
Risk and Compliance Management
Antivirus and Antimalware
DDoS Mitigation
Security information and event management
Intrusion Detection System/Intrusion Prevention System
Others

By type of threat

Malware
DDoS
Advanced Persistent Threat
Spyware
Lost or stolen devices
Others

By end use

Pharmaceuticals and chemicals
Medical equipement
Health insurance
Hospitals
Others

By region

North America
United States
Canada
Mexico
Europe
France
Great Britain
Spain
Germany
Italy
Nordic countries
Denmark
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxemburg
The rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
South East Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia-Pacific
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Egypt
South Africa
Rest of the Middle East and Africa
Latin America
Brazil
Argentina
Rest of Latin America

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This press release was published on openPR.