HEALTHCARE CYBER SECURITY MARKET ANALYSIS

Healthcare Cyber Security Market, By Type (Solution (Risk and Compliance Management, Identity and Access Management, Data Loss Protection, Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), Unified Threat Management, Others), Service (Managed Security Services, Deployment & Integration, Support & Maintenance)), By Security Type (Network Security, Application Security, Endpoint Security, Cloud Security, Content Security, Wireless Security), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Oct 2021
Code : CMI4678
Pages :170
Formats :
Excel and PDF
Industry : Information and Communication Technology

Healthcare Cyber Security MarketSize and Trends

The global healthcare cyber security market is estimated to be valued at US$ 9,258.5 million in 2021 and is expected to exhibit a CAGR of 14.2% over the forecast period (2021-2028).

Figure 1. Global Healthcare Cyber Security Market Value (US$ Mn), by Region, 2020

Figure 2. Global Healthcare Cyber Security Market Share, By Type, 2020

Key Takeaways of the Graph:

The solution segment held dominant position in the market and accounted for 64.4% share in the global healthcare cyber security market in 2020. The segment is expected to reach US$ 15,357.8 million in 2028. This is owing to the rising demand of advanced solutions for security operations and growing number of data security & privacy concerns.

Market Trends

In the recent past, the U.S. Government has made certain changes to its cybersecurity regulations and proposals, in order to safeguard against cyber-attacks. For instance, in 2015, the U.S. government amended its “2011 Cyber Security Legislative Proposal”, majorly concentrating on three essential objectives such as improved communication between private and government sectors, the establishment of national data breach notification statute, and boosting law enforcement department’s ability to fight cybercrime. Moreover, increasing number of cyber-attacks, especially in the U.S., has resulted in increased awareness among healthcare organizations regarding enhancement of cybersecurity measures.

Cloud data security solutions are gaining popularity in Latin America at a rapid pace. This is owing to increased digitization initiatives across hospitals and pharmacies. For instance, in 2015, Paraguayan Ministry of Health announced plans to invest US$ 100,000 in digitization of the healthcare sector across the nation.