Press release
Rising Threats, Stronger Defenses: Trends Shaping the Healthcare Cyber Security Market 2030
Healthcare Cyber Security Market
The significance of healthcare cybersecurity has grown significantly, driven by a gradual surge in cyber threats over recent years. Many healthcare organizations have faced challenges in securing their network infrastructure and perimeter to ward off intruders. In November 2021, the CyberPeace Institute reported a global tally of over 11 million data breaches in the healthcare industry during the pandemic period, underscoring the pressing need for enhanced cybersecurity measures.
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The expansion of the global healthcare cybersecurity market is fueled by a rising number of cyber-attacks and an increased demand for cloud services. Additionally, positive impacts on market growth stem from regulatory and government policies that encourage elevating security standards within the healthcare sector. However, the market faces obstacles due to the high implementation costs associated with healthcare cybersecurity solutions. Conversely, opportunities for market expansion are anticipated with the growing digital dependence and the emergence of industry 4.0 trends during the forecast period.
Based on components, the solution segment dominated the overall healthcare cybersecurity market in 2020, and is expected to continue this trend during the forecast period. This is attributed to increased number of data breaches in the healthcare sector post the global pandemic. However, the service segment is projected to witness highest growth as cyber-attacks have become more sophisticated and demand skilled professionals for their mitigation, which is expected to fuel the growth of the global healthcare cyber security market.
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Region-wise, the healthcare cyber security market was dominated by North America in 2020, and is expected to retain its position during the forecast period owing to a large number of cyber security solutions vendors in the region. Moreover, various healthcare privacy policies in the region are expected to drive the market for healthcare cyber security technology during the forecast period. However, Asia-Pacific is expected to witness significant growth during the forecast period owing to growth in digital and cloud penetration in the region, which is expected to fuel the growth of healthcare cyber security solutions in the region in the coming few years.
The outbreak of COVID-19 pandemic influenced several notable changes in the healthcare industry. These changes included a shift toward large-scale telemedicine services, the establishment of remote medical aid &management, temporary COVID-19 testing &vaccination locations, and large-scale vaccine research, manufacture, and distribution. Throughout all of these developments, healthcare organizations had to take the responsibility of ensuring compliance and data security. For many firms, this means upgrading security infrastructure to serve remote users and keeping one step ahead of cyber thieves and hackers looking to exploit flaws in the COVID-19 vaccination supply chain. Such factors aided in the growth of healthcare cybersecurity market size during the period of the pandemic.
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Key Benefits For Stakeholders:
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the healthcare cyber security market analysis from 2020 to 2030 to identify the prevailing healthcare cyber security market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the healthcare cyber security market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes an analysis of the regional as well as global healthcare cybersecurity market trends, key players, market segments, application areas, and market growth strategies.
The key players profiled in the healthcare cyber security market analysis are AO Kaspersky Lab, Cisco Systems, Inc., FireEye, IBM Corporation, Lockheed Martin Corporation, McAfee Corporation, Northrop Grumman, Palo Alto Networks, SENSATO CYBERSECURITY SOLUTIONS, and Symantec Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the healthcare cybersecurity industry.
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