Global Healthcare Cyber Security Market is expected to register a healthy CAGR over the forecast period. The market held a market value of USD 5,362.1 million in 2017 and is projected to grow at a CAGR of 15.3% during the forecast period. Cybersecurity, also called as computer security or information technology security is a body of technologies, processes, and practices designed to protect networks, computers, programs, and data from unauthorized access and attack or damage.
Hospitals and healthcare providers remain under cyber-attack, causing organizations to spend more to protect their systems and patient data.
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Major factors driving the market growth are a surge in the number of cyber-attacks and data breaches incidents, the growing need for advanced security cloud-based solutions, mounting technological advancements in cybersecurity, and the presence of favorable government regulations and acts to protect patient information from data breaches.
Healthcare Cyber Security Market Segmentation
The global healthcare cyber security market has been segmented into threat type, solution type, end user, and region.
By threat type, the market has been segmented into malware, spyware, distributed denial-of-service (DDoS), advanced persistent threat (APT), and others.
On the basis of solution type, the market has been divided into antivirus and antimalware, identity and access management, risk and compliance management, DDoS mitigation, security information and event management (SIEM), and intrusion detection system (IDS)/intrusion prevention system (IPS). In 2017, the identity and access management segment dominated the market due to the increasing influx of risk management solutions such as policy-based compliance and audit management along with cost control.
Based on end user, the market has been categorized into pharmaceuticals and biotechnology industries, medical devices companies, health insurance companies, hospitals and clinics, and others.
Global Healthcare Cyber Security Market, by Key Players
- International Business Machines Corporation
- Cisco Systems, Inc.
- McAfee, LLC
- Symantec Corporation
- FireEye, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Palo Alto Networks, Inc.
- Trend Micro Incorporated
- DXC Technology Company
- Booz Allen Hamilton Inc.
Cybersecurity, also known as information technology security or computer security is a body of technologies, processes, and practices designed to protect networks, computers, programs, and data from unauthorized access and damage or attack. Rising need for cybersecurity in the healthcare vertical as patients are often dealing with life-threatening conditions, exchanging large amounts of money and financial information, and must have their privacy protected for medical records.
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Intended Audience _ Cybersecurity providers and dealers, System integrators, IT security agencies, Integrated device manufacturers (IDMs), Venture capitalists, Association and government bodies, Pharmaceuticals and biotechnology industries, medical devices companies, health insurance companies, Market research and consulting service providers, Hospitals and clinics, and Corporate entities.
Global Healthcare Cyber Security Market, by Region
- North America
- Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
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