Healthcare Cybersecurity Market Projected To Reach $51.40 Billion By 2030 | CAGR: 17.5%

The global healthcare cybersecurity market size was valued at USD 12.66 billion in 2021. The market is anticipated to generate an estimated revenue of USD 51.40 billion by 2030, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust compound annual growth rate (CAGR) of 17.5% over the forecasted timeframe of 2022 to 2030.

Market Introduction
In healthcare, a wide range of digital technologies is connected to an expansive assemblage of hardware, software, and cloud services, all of which are probable targets for hackers. Healthcare cybersecurity is concerned with the safeguarding of sensitive patient data, healthcare IT infrastructure, and medical devices from cyberattacks. It ensures patient safety, continuity, and compliance with regulations.

While healthcare firms are spending more on cybersecurity, it is also crucial to gauge where to acquire the most ROI out of cybersecurity funding. For instance, instead of deploying an army of point solutions, each designated for a specific purpose, a platform perspective merges manifold instruments and services into a single, integrated cybersecurity platform. This perspective bridges the susceptibility margin and utilizes security automation to generate incident response.

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Competitive Landscape
The players concentrate on providing software to serve progressive security needs. Some of the prominent players operating in the market include:

• Broadcom Inc.
• Checkpoint Software Technologies Ltd.
• Cisco Systems, Inc.
• Crowdstrike Holdings, Inc
• FireEye, Inc.
• Fortified Health Security
• Fortinet Inc.
• IBM Corp.
• Imperva
• Intel Corporation
• Juniper Networks, Inc.

Market Drivers
Rising Cybercrime: Several cases, such as a surge in cybercrime, development in the healthcare sector's financial estimates, and rising comprehension about cybersecurity in medical fields, have assisted the market's notable progressions during the past few decades.
Growing Government Measures: Several government steps to ensure personal details are secured are continuing globally, notably improving the market. Security is essential for all healthcare businesses involving clinics, hospitals, and pharmaceutical corporations globally. Also, growing internet usage and devices in the business are pushing the healthcare cybersecurity market to its optimum.

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Segmental Outlook
Healthcare Cybersecurity, Type of Solution Outlook (Revenue - USD Billion, 2018 - 2030)
• 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

Healthcare Cybersecurity, Type of threat Outlook (Revenue - USD Billion, 2018 - 2030)
• Malware
• DDoS
• Advanced Persistent Threat
• Spyware
• Lostof Stolen Devices
• Others

Healthcare Cybersecurity, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
• Pharma & Chemicals
• Medical Devices
• Health Insurance
• Hospitals
• Others

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Regional Perspective
North America accounted for the largest market share owing to the existence of many prominent contenders in the region that are concentrating on the transfer of progressive solutions for all industries in the region. In September 2021, the University of Minnesota declared the establishment of a modern center to ensure that medical devices are secure from cyberattacks. Besides, the increased risk of cyberattacks has sparked a surge in interest in cyber security in the US.

 North America (U.S., Canada)
 Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
 Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
 Latin America (Brazil, Mexico, Argentina)
 Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.