Healthcare Cybersecurity Market is estimated to grow at a CAGR of 16.8% during the Forecast Period Due to the Rising Need for Strong Authentication Methods in Hospital
Erudite analysis study of report titled Healthcare Cybersecurity Market has published by Absolute Markets Insights. The report provides statistical analysis thus providing crucial information on economic factors such as price, shares, revenue. The global Healthcare Cybersecurity Market is expected to grow at Tremendous CAGR during the forecast period of the 2027 year. Distinctive techniques such as primary and secondary research methods have been scrutinized in the report to discover, study and analyze the market information.
The hospitals across the globe are increasing their investments in order to safeguard the crucial data of their patients by implementing multiple authentications methods for intranet access to protect electronic health records. The hospitals are using biometrics authentication for network security to ensure and restrict people to login from multiple locations. Additionally, multiple authentication methods decreases reliance on passwords which ultimately reduces threats of hacking, malware and phishing attack of records. For instance, NorthShore University has upgraded its health system by deploying Imprivata which is a fingerprint biometric identification solution, it has a fingerprint reader integrated with electronic health record. Thus, the growing need among hospitals to upgrade their healthcare delivery systems by deploying strong authentication methods is enhancing the growth of global healthcare cybersecurity market.
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The ongoing trend of IoT in medical industry is expected to provide an opportunity to key players in the global cyber-security healthcare market. The proliferation of IoT devices in the healthcare industry and extensive network of connected devices enables the hacker to conveniently hack using malware and ransomware. Thus, the advent of new technology is encouraging healthcare organizations to improve their technology infrastructure, thereby preventing attacks and safeguarding their network. The strong authentication functionality is required by health care organizations to ensure that only authentic employees are allowed access to internal networks and specific applications. Companies have progressively moved to multi-factor authentication to avoid the threats of password-based authentication. Thus, the ongoing trend of IoT and introduction of new technologies is providing platform to the market vendors to expand their product portfolio, hence supplementing the growth of global healthcare cybersecurity market.
• The global geographical regions such as North America, Latin America, Asia-Pacific, Africa, and Europe are also considered for the study of dynamic aspects of the businesses. Different top-level key players are further enlisted in order to obtain in-depth knowledge and informative data of companies. Some of the key players are profiled in this research report, which includes Cisco, FireEye, DXC Technology Company, AO Kaspersky Lab, among others. The market data also uses industry analysis tools such as SWOT and Porter’s five-technique while analyzing the global Healthcare Cybersecurity Market
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Key Findings of the Report:
• On the basis of type, solutions segment held the largest market share. Rising incidences of data breach due to ransomware is leading to the increased adoption of different types of cyber security solutions, driving the segment growth.
• Based on deployment, on premise deployment dominated the market owing to its higher penetration across various healthcare organizations.
• Based on security type, endpoint security held the largest market share. The ability of end to end encryption method to secure communication which prevents third parties from accessing data, has increased its adoption across healthcare enterprises. This factor is influencing towards the segment growth.
• The presence of strong medical infrastructure in the North America region is driving the growth of market in the region. However, Asia Pacific is expected to be the fastest growing region in terms of demand for global healthcare cybersecurity market over the forecast period.
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Global Healthcare Cybersecurity Market:
• By Type
Risk and Compliance Management Solution
Data Center Management
Mobile Based Solution
Others (Disaster Recovery Solution, Data Loss
Protection Solution, Etc.)
Implementation and Integration
Training and Support
• By Deployment
o Cloud Based
• By Security Type
o Application Security
o Cloud Security
o Content Security
o Endpoint Security
o Network Security
o Wireless Security
• By End Users
o Pharmaceuticals & Chemicals Manufactures
o Medical Devices Companies
o Health Insurance Companies
o Hospitals & Clinics
o Others (Research Institutes, Cell Banks, Etc.)
• By Geography
o North America
o The Netherlands
Rest of Europe
o Asia Pacific
o Rest of Southeast Asia
Rest of Asia Pacific
o Middle East and Africa
Rest of Middle East & Africa
o Latin America
Rest of Latin America
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