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The Healthcare Cyber Security Market is expected to grow at CAGR of 17.5% to reach USD 55.64 Billion by 2030.
The Healthcare Cybersecurity Market is witnessing unprecedented growth as the industry grapples with the increasing threat landscape in the digital realm. With the rise of interconnected medical devices, electronic health records (EHRs), and telemedicine platforms, the need for airtight security measures is more critical than ever.
Medical cybersecurity has emerged as a cornerstone in the protection of sensitive patient data, ensuring the confidentiality, integrity, and availability of healthcare information. The healthcare industry has become a prime target for cyberattacks due to the vast amount of valuable data it holds. As a result, the market for cybersecurity in the healthcare industry has experienced a surge in demand for advanced solutions to counter evolving cyber threats.
One of the primary concerns driving the adoption of cybersecurity solutions in healthcare is the potential impact of data breaches on patient privacy and safety. The compromise of medical records not only jeopardizes individual confidentiality but also poses significant risks to the overall integrity of healthcare systems. As a response, organizations are increasingly investing in cutting-edge technologies and expertise to fortify their defenses against cyber threats.
The healthcare cybersecurity market encompasses a wide array of solutions, including threat detection and prevention, encryption, access control, and secure communication channels. Additionally, there is a growing emphasis on educating healthcare professionals about cybersecurity best practices to create a culture of awareness and vigilance within organizations.
Major Key Players:
MRFR recognizes the following Healthcare Cyber Security Companies are —Cisco Systems, Inc. (US), IBM (US), McAfee, LLC (Canada), Symantec Corporation (US), FireEye, Inc. (US), Palo Alto Networks, Inc. (US), DXC Technology Company (US), Trend Micro Incorporated (Japan), Booz Allen Hamilton Inc. (US), and SENSATO CYBERSECURITY SOLUTIONS (US).
Segment Analysis
The Global Healthcare Cyber Security Market has been segmented into threat type, solution type, and end user. By threat type, the market has been segmented into distributed denial-of-service (DDOS), malware, advanced persistent threat (APT) , and others. Based on solution type, the global healthcare cybersecurity market has been segregated into risk and compliance management, antivirus and antimalware, security information and event management (SIEM), DDOS mitigation, identity and access management, and others.
Regional Analysis
The Global Healthcare IT Security Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas are expected to hold the largest share of the global healthcare cybersecurity market. This is owing to the increasing case of data breaching, rising cyberattacks on pharmaceutical companies, and healthcare facilities are boosting the market growth in this region.
The Europe market holds the second-largest position in the global healthcare cybersecurity market due to the high spending on-healthcare IT, the presence of a large number of pharmaceutical companies, and innovation of new software to protect the healthcare data boosts the market growth in this region.
Asia-Pacific is estimated to be the fastest-growing region owing to the rapid development in technology, and the presence of enormous opportunities for the development of the market drives the growth of the Asia-Pacific healthcare cybersecurity market.
The healthcare cybersecurity market in the Middle East & Africa accounts for the least market share due to the adequate healthcare infrastructure support accounted for a relatively smaller market share in 2018.
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