Healthcare Cyber Security Market To Surpass US$ 7.5 Bn By 2023
According to a new market report published by Credence Research, Inc. “Healthcare Cyber Security Market By Type (Solution, Service), By Solution (Security Solution, Risk and Compliance Management, Data Loss Protection, Data Center Management, Mobile based Solution, Disaster Recovery, Other Solutions), By Security Solution (Application Security, Network Security, Cloud Security, Content Security, Other Security Solutions), By Service (Consulting, Risk Assessment, Implementation & Integration, Training & Support) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023”, the global healthcare cyber security market is expected to expand at a healthy CAGR of over 13% between 2016 to 2023.
With increasing number of cyber-attacks in healthcare sectors, security against data theft is becoming a greater priority for healthcare organizations, propelling healthcare cyber security market growth across the globe. Growing implementation of digital medical record systems and connected medical devices need for enhanced data security solutions is increasing. Also, increasing usage of mobile device such as smartphones, tablets and laptops in healthcare organizations is boosting growth of the cyber security solutions in healthcare sector. However, lack of awareness regarding benefits of cyber security solutions among end users in developing countries is hampering growth of the market. Further, lack of skilled workforce is expected to impede adoption of cyber security solution throughout the forecast period to certain extent.
The global healthcare cyber security market ecosystem consists of solution providers, integrators, and communication and IT service providers. Prominent players in the market are concentrating on introducing technologically advanced solutions to gain market share. Also, acquisition & mergers has become another major strategy followed by major vendors in the global healthcare cyber security market. Key players operating in the global healthcare cyber security market are IBM Corporation, Cisco Systems, Inc., Booz Allen Hamilton Inc., Symantec Corporation, Intel Security Group (McAfee), Trend Micro Inc., Computer Sciences Corporation, CA, Inc., Lockheed Martin Corporation and Northrop Grumman Corporation.
- Healthcare organizations are shifting towards cloud computing technology
- Convergence of healthcare cyber security solutions with mobile apps and online portals
- Surge in acquisitions and mergers