Healthcare Cybersecurity Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast to 2027

 The healthcare cybersecurity market is estimated to witness exponential growth by 2027 due to notable technological advancements in healthcare cybersecurity software.

Growing emphasis on protecting patient information and financial information, along with mounting prevalence of cyberattacks, has prompted industry players to engage in extensive R&D activities to improve the existing medical cybersecurity infrastructure, which has augmented healthcare cybersecurity market growth in recent years.

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Notably, according to a 2019 study published in the 13th International Symposium on Medical Information and Communication Technology (ISMICT), healthcare and its associated cybersecurity concerns have been under the spotlight since the onset of COVID-19. The largescale and speedy shift towards digital healthcare infrastructure as well as rising adoption of IoT, smart medical equipment, and mobile devices have amplified the vulnerability of healthcare services to cyber threats, thereby propelling the need for cybersecurity in the field, which has positively impacted business outlook.

The healthcare cybersecurity market has been segmented based on end-use, threat type, deployment, security measures, and region. With respect to threat type, the market has further been divided into phishing & spear phishing, ransomware, distributed denial of service (DDoS), malware & spyware, and others.

Browse key industry insights spread across 130 pages with 119 market data tables & 14 figures & charts from the report, “Healthcare Cybersecurity Market Size By Threat Type (Ransomware, Malware & Spyware, Distributed Denial of Services (DDoS), Phishing & Spear Phishing), By Security Measures (Application Security, Network Security, Device Security), By Deployment (On-premises, Cloud-based), By End-use (Hospitals, Pharmaceuticals and Biotechnology Industries, Healthcare Payers), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/healthcare-cybersecurity-market    

The phishing & spear phishing sub-segment was valued at over USD 2.5 billion in 2020 and is projected to amass significant gains through the review period. Phishing would increase in the healthcare sector due to the lack of large-scale protections. Even after the COVID-19 pandemic ends, hackers might find a way to take advantage of the fear and confusion. Thus, soaring need for robust healthcare cybersecurity measures is set to boost segmental growth in the upcoming period.

From the viewpoint of security measures, the healthcare cybersecurity market has been bifurcated into device security, application security, network security, and others. In 2020, the application security sub-segment held a market share of nearly 27.2% and is slated to showcase significant expansion by 2027. Growing public awareness about the availability of cutting-edge cybersecurity solutions that protect against viruses, spam, and unauthorized access is estimated to drive segmental growth over the forthcoming years.

In terms of deployment, the market has been segregated into cloud-based and on-premises. The healthcare cybersecurity market from the on-premises sub-segment attained a valuation of USD 2.4 billion in 2020 and is set to gain solid growth momentum over the assessment timeline. This growth is attributed to the numerous benefits associated with the use of on-premise software, such as high data security, low risk of data breaches, and complete control over data storage and software upgrades.

Based on end-use, the healthcare cybersecurity market has been bifurcated into healthcare players, hospitals, pharmaceutical and biotechnology industries, and others. The hospitals sub-segment is anticipated to expand considerably at a CAGR of approximately 17% through the analysis period owing to increasing adoption of cybersecurity solutions in hospitals to maintain large amounts of patient data.

From the regional spectrum, the LATAM healthcare cybersecurity industry accounted for above 8.3% of the global market in terms of revenue in 2020 and is expected to grow at a sturdy pace over 2021-2027. Rising incidences of ransomware attacks, coupled with prevalent adoption of cybersecurity solutions owing to increasing penetration of the internet across countries in Latin America, is likely to fuel regional market growth.

Partial Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Market definitions

1.2    Base estimates & working

1.3    Forecast calculations

1.4    Data validation

1.5    Data validation

1.5.1    Secondary

1.5.1.1    Paid sources

1.5.1.2    Unpaid sources

1.5.2    Primary

Chapter 2   Executive Summary

2.1    Healthcare cybersecurity industry 360° synopsis, 2016 – 2027

2.1.1    Business trends

2.1.2    Threat type trends

2.1.3    Security measures trends

2.1.4    Deployment trends

2.1.5    End-use trends

2.1.6    Regional trends

Browse complete table of content of this report@ https://www.gminsights.com/toc/detail/healthcare-cybersecurity-market

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