Research Nester released a report titled “Healthcare Cybersecurity Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global healthcare cybersecurity market in terms of market segmentation by threat, by security, by solution, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for healthcare cybersecurity is anticipated to witness a robust CAGR of around 16% during the forecast period, i.e., 2019-2027. The market is segmented by threat, by security, by solution, by end user and by region, out of which, the threat segment is further segmented into malware, ransomware, distributed denial-of-service [DDoS] and others. Based on threat, the ransomware segment is estimated to witness the highest growth of the market on account of growing ransomware attacks that are prevalent in the healthcare industry. The Journal of the American Medical Association reported that the number of health data breaches increased by 70% to 344 cases in the year 2017.
The market in North America is anticipated to hold the largest share in healthcare cybersecurity market which can be attributed to the increasing cases of data breaches in the region. Moreover, the high expenditure on healthcare information technology is another factor estimated to further increase the growth of the market. The market in Asia Pacific, however, is anticipated to grow at the highest rate during the forecast period on account of growing technological advances in the healthcare industry in the region as well as the increasing awareness about the requirement for cybersecurity especially in countries such as China, India and Japan.
Growing Demand For Computer Security In Healthcare To Propel The Market Growth
Growing technological advances in the healthcare information technology has led to the development of improved and highly effective cybersecurity software and solutions. This is estimated to significantly rise the demand for cybersecurity in healthcare industry, thus supporting the growth of market during the forecast period.
However, the dearth of cybersecurity professionals who are able to provide optimal protection to the data stored by various healthcare organizations is estimated to become a limiting factor during the upcoming years.
This report also provides the existing competitive scenario of some of the key players of the global healthcare cybersecurity market which includes company profiling of Cisco Systems Inc. (CSCO), McAfee LLC, IBM (IBM), Northrop Grumman Corporation (NOC), Symantec Corporation (SYMC), FireEye Inc. (FEYE), Trend Micro Incorporated (TYO: 4704), Palo Alto Networks Inc. (PANW), Sensato and DXC Technology Company (DXC). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global healthcare cybersecurity market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.