A research report on the Healthcare Cybersecurity Market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as an impedance to the growth of the market.
The healthcare cybersecurity market size was valued at US$ 10.4 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.1% from 2020 to 2028.
Healthcare Cybersecurity Market Definition
Cyber security is basically safeguarding of internet-connected systems, comprising software, hardware, and data from cyber-attack. Primarily, cyber security alludes to a bunch of techniques that serve its utility to safeguard the virtue of data and network programs from damage, attack, and illegitimate access.
In the present times, cyber security has become more essential for patients in comparison to the healthcare industry. In addition, cyber security also assists in impeding cyber-attacks to maintain patients’ information undisclosed and confidential for legal purposes.
Healthcare Cybersecurity Market Dynamics
One of the major factors that is essentially driving the demand of cyber security in various industries, especially the healthcare sector, is the growing rate of cybercrimes or cyber-attacks and illegitimate access to personal information of patients, which has majorly boosted the demand for better security solutions. Owing to this, the global healthcare cybersecurity market is projected to grow substantially in the years to come.
In addition to that, the technological advancements in the healthcare sector have also supported the incorporation of enhanced security solutions for improved confidentiality of important data and information, which further accelerated the demand for healthcare cybersecurity across the global markets.
Moreover, the increased budget for the healthcare sector all across the world has further propelled the market growth of healthcare cybersecurity. Attributing to this, the global healthcare cybersecurity market is expected to witness major breakthroughs in the forthcoming years.
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Healthcare Cybersecurity Market Segmentation
The global healthcare cybersecurity market is segmented on the basis of threat, offering, security type, end-user, and region.
By Threat
Ransomware
Malware & spyware
Distributed denial-of-service (DDoS)
Advanced persistent threat (APT)
Phishing & spear phishing
By Offering
Solutions
Identity & access management
Intrusion detection system (IDS)/intrusion prevention system (IPS)
Antivirus & anti-malware
Risk & compliance management
Distributed denial of service (DDoS) mitigation
Security information & event management (SIEM)
Firewall
Unified threat management
Services
Managed security services
Deployment & integration
Support & maintenance
By Security Type
Cloud security
Application security
Endpoint security
Network security
By End-User
Healthcare providers
Hospitals
Physician practices
Healthcare payers
By Region
North America
Latin America
Europe
Africa
Middle East
Asia Pacific
Healthcare Cybersecurity Market Key Players
The key participating players of the global healthcare cybersecurity market include FireEye, Inc., Palo Alto Networks, Inc., Sophos Ltd., Juniper Networks, Inc., Fortinet, Inc., Cisco Systems, Inc., Checkpoint Software Technologies Ltd., Imperva, IBM Corporation, Intel Corporation, McAfee LLC, LogRhythm, Inc., NortonLifeLock Inc., Crowdstrike Holdings, Inc. Fortified Health Security, Sensato Cybersecurity Solutions, Kaspersky Lab, Northrop Grumman Corporation, and Mitigate, among others.