Global Healthcare Cyber Security Market: Information by Threat Type (Malware, Distributed Denial-Of-Service (DDOS), Advanced Persistent Threat (APT)), By Solution Type (Antivirus and Antimalware, Risk and Compliance Management, Security Information and Event Management (SIEM), DDOS Mitigation, Identity and Access Management), By End User (Hospitals and Clinics, Pharmaceuticals and Biotechnology Industries, Health Insurance Companies, Medical Devices Companies) and by Region – Forecast till 2025
Healthcare Cyber Security Market Overview
MRFR/Market Research Future expects the healthcare cyber security market 2020 to record a robust CAGR of 11.82% from 2018 to 2025 (evaluation period). The market is also presumed to gain a striking valuation of USD 16,393.15 Million by 2025. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
COVID-19 Impact on Healthcare Cyber Security Market
The COVID19 outbreak has significantly altered the healthcare industry worldwide, throwing a number of challenges at it. The overwhelming scenario, since the advent of the novel coronavirus pandemic, has been further aggravated by the alarming rise in cybersecurity attacks. Malicious hackers are leveraging the pandemic by launching a slew of ransom-ware attacks and phishing campaigns. It is not surprising that following the onset of SARS-CoV-2 and the increased vulnerability due to the lockdown, hackers have become even more active than ever before. The post COVID-19 world is now a breeding ground for such types of cyber-attacks, especially the healthcare industry.
FREE SAMPLE COPY OF “Healthcare Cyber Security Market Research Report- Global forecast till 2023”@ https://www.marketresearchfuture.com/sample_request/7612
The surging use of teleworking in the medical field and that too with little to no prior experience has been unhelpful. All these factors have culminated into a promising opportunity for the healthcare cyber security market, with the rising adoption of advanced technologies that could help healthcare fight the battle against digital attacks.
Top Boosters and Deterrents
Health IT Security confirms that in 2018, close to 190,000 HealthEquity customers’ data was breached. Healthcare data is shared across a large network, which makes it vulnerable to hackers that use malware and ransomware. As a result, to bolster data security, medical professionals are increasingly adopting upgraded and advanced cyber security solutions and software, which could enhance the market size in the years ahead.
Over the past few years, healthcare industry has observed a drastic rise in ransomware virus attacks and medical device hacking, which have caused considerable losses to the healthcare professionals. Machines that are commonly used in hospitals and clinics such as life-support devices, pacemakers and X-rays contain malware, which can travel across the network infecting other applications and devices, even the whole system. This scenario has prompted medical facilities to adopt the latest cybersecurity solutions that can help them address this issue. The escalating use of IoT/Internet of things devices in healthcare is also anticipated to foster the market growth over the following years.
Technical innovations in healthcare cybersecurity software and solutions will favor the global market in the upcoming years. Some of the renowned firms are focused on developing advanced cybersecurity software with commendable quality and can provide maximum security to scientific data in healthcare. Players are also working on bolstering their product portfolio and introducing healthcare cyber security software backed by latest technologies like artificial intelligence to impart high security level across large networks in healthcare.
For instance, in April 2020, CyberMDX, a cybersecurity solutions vendor, obtained sufficient funds to boost its software as well as R&D to help hospital IT, biomedical teams and information security manage medical devices. CyberMDX makes extensive use of AI to offer insights into the healthcare’s real-time cyber security, and the funds are expected to help the company bolster its cyber security platform to a large extent.
Healthcare Cyber Security Market Segmental Analysis
The healthcare cyber security industry has been considered for threat type, solution type, and end user.
The threat types covered in the report are advanced persistent threat (APT), distributed denial-of-service (DDOS), malware, and others.
With respect to solution type, the global market caters to identity and access management, risk and compliance management, antivirus and antimalware, DDOS mitigation, security information and event management (SIEM), and others.
The key industry end-users are health insurance companies, pharmaceuticals and biotechnology industries, medical devices companies, hospitals and clinics, and more.
Healthcare Cyber Security Market Regional Study
Healthcare cyber security industry has been regionally dissected into Europe, the Americas, APAC/Asia Pacific and MEA/Middle East & Africa.
The American market can emerge as the global leader over the evaluation period, backed by the dramatic surge in the cases of data breaches in recent years and the availability of highly innovative healthcare information technology solutions. The Canadian government has been quite proactive in the development of the healthcare industry and is continuously taking initiatives that promote the use of cybersecurity software in hospitals and other medical facilities.
Europe can secure the second place in the global industry, with Eastern Europe and Western Europe being the two key markets in the region. Western European countries like France, the UK, Germany, Spain and Italy contribute significantly to the regional market growth, thanks to the extensive and well-developed healthcare infrastructure, and the large budget allocated for the development of healthcare IT.
APAC will make the fastest progress in the years to come, as a result of the rapid technological advancements along with the rising need among healthcare professionals to maintain the voluminous data and the resultant surge in the uptake of innovative cybersecurity software and solutions.
Healthcare Cyber Security Market Top Players
The top players in the worldwide market are Booz Allen Hamilton Inc. (US), Symantec Corporation (US), McAfee, LLC (Canada), DXC Technology Company (US), FireEye, Inc. (US), IBM (US), SENSATO CYBERSECURITY SOLUTIONS (US), Trend Micro Incorporated (Japan), Cisco Systems, Inc. (US), Palo Alto Networks, Inc. (US), to name a few.
Obtain Premium Research Report Details @ https://www.marketresearchfuture.com/reports/healthcare-cyber-security-market-7612
- Medical device companies
- Hospitals & clinics
- Pharmaceutical companies
- Academic institutes
Browse More Related Research Reports at:
- Healthcare Chatbots Market is expected to touch USD 316.85 million by 2023 at 21.10% CAGR over the forecast period (2018-2023),
- Big Data In The Healthcare Market is expected to reach US$ 17,278.13 million due to forecast period.
- Healthcare Mobility Solutions Market valuation of estimated USD 105,000 million by 2025 with a CAGR of 25.0% over the forecast period
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312