Healthcare Cyber Security Market Valued at $12.46 Billion Expected to Surge by 2025, Reveals AMR Report

December 05, 2023 05:40 AM GMT | By EIN Presswire
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Rising data breaches, stringent regulations, and increased digitization fuel growth in the Healthcare Cyber Security Market.

PORTLAND, ORIGON, UNITED STATES , December 5, 2023 / -- Healthcare cybersecurity has become increasingly important. Cyber threats have been gradually increasing in recent years and many healthcare organizations have struggled to secure their network infrastructure and perimeter to keep intruders at bay. For instance, in November 2021, the CyberPeace Institute reported that the healthcare industry witnessed more than 11 million data breaches globally during the period of pandemic. Such instances fuel the need for global healthcare cyber security market in the coming years.

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Increased number of cyber-attacks and rise in demand for cloud services propel the growth of the global healthcare cyber security industry. Moreover, regulatory and government policies encouraging improvement in the security standards of the healthcare industry positively impact the growth of the healthcare cyber security market growth. However, high implementation cost of healthcare cyber security solutions hampers the market. On the contrary, increased digital dependence and industry 4.0 trends are expected to offer remunerative opportunities for expansion of the healthcare cyber security market during the forecast period.

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The healthcare cyber security size is segmented on the basis of component, security type, and region. On the basis of component, the industry is bifurcated into solutions and services. Depending on security type, the market is classified into network security, application security, device security, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Depending on security type, the network security segment dominated the healthcare cyber security market share in 2020 and is expected to continue this trend during the forecast period as the demand for healthcare network and infrastructure security solutions are on the rise in the healthcare sector. However, the application security segment is expected to witness highest growth in the upcoming years, as healthcare and medicine sector businesses have inclined toward application security solutions to safeguard their data from cyber-criminals and fraudsters.

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Key Market Players:

► Cisco Systems

► IBM Corporation

► FireEye, Inc.

► Lockheed Martin Corporation

► Kaspersky Lab

► Northrop Grumma Corporation

► MacAfee

► Sensato

► Palo Alto Networks, Inc.

► Symantec Corporation

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Similar Report:

1. US Healthcare Cyber Security Market

2. Canada Healthcare Cyber Security Market

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