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Global Healthcare Cyber Security Market Growth Prospects, Future Industry Landscape 2033 | Irdeto a Verizon company, Lockheed Martin Corporation, Intel Corporation, IBM Corporation, Cisco Systems Inc.
Healthcare Cyber Security Global Market Report
The Business Research Company presents an extensive market research report on the Healthcare Cyber Security Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The healthcare cyber security market size has grown rapidly in recent years. It will grow from $19.24 billion in 2023 to $22.99 billion in 2024 at a compound annual growth rate (CAGR) of 19.5%. The growth in the historic period can be attributed to rising cyber threats, regulatory compliance, increased interconnectivity, data monetization concerns, awareness and education, legacy system vulnerabilities.
The healthcare cyber security market size is expected to see exponential growth in the next few years. It will grow to $47.8 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to iota security challenges, remote healthcare challenges, supply chain security, quantum computing threats, behavioral analytics adoption. Major trends in the forecast period include AI and machine learning integration, digitization of health records, rise in ransomware attacks, cloud security solutions, zero trust security models.
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Key Market Players:
Major companies operating in the healthcare cyber security market report are Irdeto a Verizon company, Lockheed Martin Corporation, Intel Corporation, IBM Corporation, Cisco Systems Inc., Northrop Grumman Corporation, Broadcom Inc., Atos SE, Booz Allen Hamilton Inc., Palo Alto Networks Inc., Symantec Corporation (formerly), McAfee LLC, Check Point Software Technologies Ltd., Trend Micro Incorporated, Athenahealth Inc., Kaspersky Lab, CyberArk Software Ltd., Imperva Inc., FireEye Inc., Imprivata Inc., Allscripts Healthcare Solutions Inc., Claroty Inc., Forescout Technologies Inc, Menlo Security Inc., Bitglass Inc., Medigate Ltd., Fortified Health Security Inc., Sensato Cybersecurity Solutions Inc., CybelAngel, Armis Inc., Cerner Corporation, CrowdStrike Inc.
Market Drivers:
The increase in cases of healthcare cyber-attacks is expected to drive the growth of the healthcare cyber-security market going forward. The rise of digitalization in healthcare has increased the number of cyber-attacks in healthcare, which are protected by using various healthcare cyber security software, which leads to an increase in the demand for healthcare cyber security. For instance, in February 2023, according to the United States Department of Health and Human Services, a US-based federal government created to provide essential human services, healthcare providers in the United States witnessed a staggering 104% surge in data breaches from mid-2022 to mid-2023, jumping from 160 to 327 incidents. This alarming increase exposed the data of over 40 million patients, reflecting a 60% YoY rise in the first half of 2023. Therefore, the increasing cases of healthcare cyberattacks are driving the growth of the healthcare cyber security market over the coming years.
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The healthcare cyber security market covered in this report is segmented -
1) By Threat Type: Malware, Distributed Denial of Service (DDoS), Advanced Persistent Threats (APT), Spyware, Other Treat Types
2) By Solution: Identity and Access Management, Risk and Compliance Management, Antivirus and Antimalware, DDoS Mitigation, Security Information and Event Management, Intrusion Detection System and Intrusion Prevention System, Others Solutions
3) By Security Measures: Application security, Network security, Device security, Other Security Measures
4) By Deployment: On-Premises, Cloud-Based
5) By End User: Pharmaceutical Industries, Biotechnology Industries, Hospital, Medical Device Companies, Health Insurance Companies, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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