Global Healthcare Cyber Security Market in healthcare organizations.

The global healthcare cyber security market is expected to register a CAGR of 12% during the forecast period (2018 – 2023). Cyber-attacks are constantly increasing across the globe. The healthcare cyber security market is growing at a tremendous rate due to the growing need for network security in healthcare organizations.

Increase in Cyber-attacks

While cyber-attacks are the major factor amongst the drivers of growth in the healthcare cyber security market, and data breaches might be in the run. Increasing number of healthcare institutions are expected to take to these cyber security solutions to protect patient data. It is estimated that in 2016, about 16 million patient records were stolen from healthcare organizations in the United States. As connected technology becomes even more embedded in healthcare, cyber threats are expected to increase. So, this cyber threat is driving the market, along with the other factors, such as increasing demand of could services and low penetration of the information security systems in healthcare sector.

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Lack of Cyber Security Policy Framework in Healthcare Organizations

Cyber-attacks are increasing and becoming more common. Because of the lack of awareness about the benefits of cyber security among end-users in emerging countries is hindering the growth of the healthcare cyber security market. Further, the lack of skilled professional workforce is expected to slow down adoption rate of cyber security throughout the forecast period.

North America to Dominate the Market

North America was the largest regional market with revenue share estimated at over 40% due to increasing number of cyber-attacks in organizations in the region, the presence of several healthcare organizations, and high spending on R&D. On the other hand, Asia-Pacific is estimated to register the fastest CAGR through the forecast period.

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Key Developments in the Market

December 2017: Cisco has acquired Cmpute.io software solutions.

November 2017: Trend Micro has acquired Immunio.

Major Players: CISCO, IBM, KASPERSKY, FIREEYE, SYMANTEC, TREND MICRO, MACAFEE, LOCKHEED MARTIN, NORTHROP GRUMMAN amongst others.

Reasons to Purchase this Report

Current and future healthcare cyber security market outlook in the developed and emerging markets

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

The segment that is expected to dominate the market

Regions that are expected to witness fastest growth during the forecast period

Identify the latest developments, market shares and strategies employed by the major market players.

3 months analyst support along with the Market Estimate sheet (in excel)

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About Dani

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on the gamut of sectors across the globe. We’re associated with world-renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

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