June 2nd, 2022
“According to the research report published by Polaris Market Research, the Global Healthcare Cybersecurity Market Size Is Expected To Reach USD 51.40 Billion By 2030, at a CAGR of 17.5% during the forecast period.”
The latest market study on Healthcare Cybersecurity Market Share, Size, Trends, Industry Analysis Report, By Type of Solution; By Type of Threat (Malware, DDoS, Advanced Persistent Threat, Spyware, Lost or Stolen Devices, Others), By End-Use (Pharma & Chemicals, Medical Devices, Health Insurance, Hospitals, Others), By Region; Segment Forecast, 2022 – 2030. Some of the factors driving the market are the growing cyber attacks that raise privacy and security concerns and the increased adoption of advanced cyber security solutions. In addition, the growing deployment of cloud solutions in the healthcare sector, the growing deployment of connected devices and smartphones, and the deployment of 5G technology are factors that are said to contributes to market growth over the forecast period.
Healthcare Cybersecurity Market is an attractive target for cybercriminals because medical data is ten to twenty times higher than credit card or bank details. The digital transformation of healthcare has also increased the incidence of cyber attacks in recent years.
Major Key Players of This Reoprt:
Checkpoint Software Technologies Ltd.
Cisco Systems Inc.
Fortified Health Security
Crowdstrike Holdings Inc
Juniper Networks Inc.
Lockheed Martin Corp
Northrop Grumman Corporation
Palo Alto Networks
Trend Micro Inc.
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Cloud computing integration is expected to expand the market over the forecast period. This is due to the growing health benefits, such as economic, operational and functional benefits due to the increasing aging of the population, the increasing number of diseases and comorbidities. The economic benefits of cloud computing include cost flexibility and the potential to reduce healthcare costs. In the case of an operational perspective, cloud computing services and solutions provide scalability and the ability to adapt to current demand. These services also provide better security and privacy for medical data and medical systems, security controls, including data encryption. Functional benefits include comprehensive interoperability and integration. Because cloud services are Internet services, connecting to other systems can be fast and secure. These cloud solutions provide businesses with consistent and reliable authentication and encryption protocols and keep data secure and further stimulate market growth.
The cyber security market for healthcare is slightly competitive and consists of many big players. In terms of market share, the market is now dominated by some large players. The companies working in this area spend considerable resources on research and development. Business strategies such as partnerships, joint ventures and mergers and acquisitions can keep companies competitive in the marketplace. Many organizations believe in upgrading their current portfolio to attract their customers. In order to achieve an extremely sought-after competitive advantage, firms are looking at the solutions offered by Healthcare Cyber Security companies.
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COVID-19 Impact Analysis:
COVID-19 has a positive impact on the cyber security market in healthcare. The COVID-19 analysis has developed cyber attacks on clinical trial databases, digital platforms and healthcare applications, medical diagnostic systems and advanced healthcare facilities. But as technology becomes more and more hidden, so does the threat to cyber security. If the healthcare sector adopts remote modes, users using personal devices and home Internet connections may be exposed to non-cyber security attacks. In addition, the growing number of data breach incidents raises concerns about the relevance of cyber security. In addition, COVID-19 phishing exploded, contributing to the demand for cyber security in the healthcare sector.
Frequently Asked Questions (FAQ):
How big is the healthcare cyber security market?
What is the healthcare cyber security market growth?
Which segment accounted for the largest healthcare cyber security market share?
Who are the key players in the healthcare cyber security market?
What are the factors driving the healthcare cyber security market?
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About Polaris Market Research
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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