Market research future published a cooked research report on, The market for global healthcare IOT security market is estimated at ~$4.7 billion in 2015 and is expected to grow at a CAGR of ~40% from 2016-2021.
The Internet of things (IoT) is the inter-networking of smart devices and infrastructure including buildings embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data with minimal manual interference. The system can also be remotely controlled and is highly automated across existing network infrastructure, resulting in improved efficiency, accuracy and economic benefit in addition to reduced human intervention.
The Global Healthcare Iot Security Market is currently valued at $4.8 billion and will reach $15.82 billion growing at a CAGR of 22%. The growth factors responsible for this explosive growth are cross transferability of the IoT security to a variety of sectors, huge savings due to increasing automation thus causing high adoption among end users, greater integration of devices in the internet ecology, development of smart devices requiring increasing security and rise in R&D expenditure due to increasing awareness about the technology potential and prospects.
The constraining factors are shorter lifecycle and greater sink costs associated with the technology, lack of trained professionals in developing world, limited bandwidth and connectivity issues and security concerns. Lack of legal framework is another hurdle in rapid absorption of technology.
IOT Security solutions acquired major market share of ~60% in 2015. IOT Security solutions will continue to hold maximum share of 55% in 2022 because of increasing connectivity of healthcare IOT devices with the caregivers globally; new access points get created for hackers to conduct cyber crimes.
In services, risk assessment services acquired major share of around 32% in 2015. Risk assessment services will continue to acquire major share of approximately 28% in future (2022) as well in order to identify and mitigate risks related to IOT Security in the healthcare sector
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North America is the region acquiring a major share around 47% in the healthcare IOT Security because of the rapid adoption of healthcare IOT. Data privacy and security concerns among the healthcare organizations and patients’ related to healthcare IOT are also driving the growth of the market
APAC is expected to grow at a highest CAGR ~45% as this region comprises 60% of the world population and with the raid healthcare IOT adoption for managing growing chronic illness, IOT security will become crucial in the near future
Key Players for Global Healthcare IoT Security Market:
IBM Corporation, Cisco Systems Inc., Intel Corporation, Oracle Corporation, Sophos Group Plc., Symantec Corporation, Trend Micro Inc., and others
Regional Analysis of Global Healthcare IoT Security Market:
Globally North America is the largest market for Global healthcare IoT security market. Europe is the second-largest market for Global healthcare IoT security market. However, the developing regions market particularly Asia Pacific will be the fastest growing and will be the key to the future.
Global healthcare IoT security market has been segmented on the basis of component, software and services, applications, by connectivity technology, by application endpoint and by end-users.
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The report for Global Healthcare IoT Security Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insights of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
We are thankful for the support and assistance from Global Healthcare IoT Security Market Research Report – Forecast to 2022 chain related technical experts and marketing experts during Research Team survey and interviews.
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