Healthcare Cybersecurity Market is Forecasted to Hike at 17.3% From 2020 to 2025

Healthcare Cybersecurity Market Size

As per the report published by Market Data Forecast, the size of the global healthcare cybersecurity market is forecasted to grow at 17.8% CAGR between 2020 to 2025 and was valued USD 9.2 Billion in 2019.

Key Market Drivers:

Increasing fraud activities in healthcare is a major factor in market growth. Growing incidences of chronic diseases and the rising prevalence of telehealth services are leveling up the growth rate of the market. The rise in the concern towards privacy is equally driving the demand of the market. In addition, the data is shared through various networks where it is very easy to hack, and this is creating scope for market growth.   According to Health IT security, around 190,000 HealthEquity customers were hacked in 2018. The aforementioned factor is propelling the growth rate of the market. Also, government investments in improving healthcare services are greatly influencing the demand of the market. Besides, the increasing availability of healthcare applications in smartphones is enhancing the demand of the market.

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Significant Challenges:

However, the lack of complete knowledge overrunning the software applications is hindering the growth rate of the market. The dearth of skilled people in monitoring the systems efficiently is impeding the demand of the healthcare cybersecurity market. Also, cybersecurity systems are at a high cost, where small-scale industries cannot afford is likely to limit the growth rate of the market.

COVID-19 Impact on the global healthcare cybersecurity market:

COVID 19 has shown a positive impact on the growth rate of the healthcare cybersecurity market. Due to lockdown restrictions across the world, there is a huge demand for online health services where there is also an increment of cyberattacks. There are many applications introduced recently with high cybersecurity software, and this is elevating the growth rate of the market during the coronavirus outbreak. Healthcare professionals are also quietly adopting cybersecurity applications to improve online healthcare services. COVID 19 has hit the world badly, where there is a scarcity in the availability of healthcare services in most of the countries. In these tough times, there is a shift towards online healthcare services. This is strongly prompting the growth rate of the market.

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This market research report on the global healthcare cybersecurity market has been segmented based on type, security, end-users, and region.

By Type:

• Ransomware 
• Malware and spyware
• Distributed Denial of Services (DDoS)
• Phishing and spear-phishing

By Security Type:

• Application Security
• Cloud Security
• Content Security
• Endpoint Security
• Network Security
• Wireless Security
• Other

By End Users:

• Pharmaceutical Industries
• Biotechnology Industries
• Hospitals
• Medical Devices Companies
• Health Insurance Companies
• Other

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

North America is in the top position in holding the highest shares of the market owing to the rising focus on developing cybersecurity applications. Growing awareness through digital advertisements and increasing utilization of software applications in healthcare are lucratively boosting up the demand of the healthcare cybersecurity market. Increasing demand to protect the customer data from hackers is propelling the growth rate of the market.

Europe is next to North America in ruling the dominant shares of the market. Support from the government organizations through reimbursement policies is also enhancing the demand of the market in this region. Increasing COVID 19 cases is also a factor propelling the growth rate of the market.

Asia pacific is deemed to hit the highest CAGR in the coming years with the increasing geriatric population. Focus on launching new products by IT companies is anticipated to set up growth opportunities for the market.    

TOP COMPANIES IN THIS MARKET:

Companies that are playing a promising role in the global Healthcare Cybersecurity Market profiled in this report are McAfee, LLC, FireEye, Atos SE, Palo Alto Networks, Inc., Cisco Systems, Inc., Fortified Health Security, Lockheed Martin Corporation, Palo Alto Networks, Inc., Booz Allen Hamilton, Inc., and IBM Corporation.

This report can be customized as per your requirements, talk to our analysts team @ https://www.marketdataforecast.com/market-reports/healthcare-cybersecurity-market/customization

List of Tables and Figures of the report:

1. Global Healthcare Cybersecurity Market Market By Region, From 2020 to 2025 (USD Million)
2. Global Healthcare Cybersecurity Market Market By Type, From 2020 to 2025 (USD Million)
3. Global Ransomware Market By Region, From 2020 to 2025 (USD Million)
4. Global Malware and Spyware Market By Region, From 2020 to 2025 (USD Million)
5. Global Distributed Denial Of Services(DDoS) Market By Region, From 2020 to 2025 (USD Million)
6. Global Phishing and spear Phishing Market By Region, From 2020 to 2025 (USD Million)
7. Global Healthcare Cybersecurity Market Market By Security-Type, From 2020 to 2025 (USD Million)
8. Global Application Security Market By Region, From 2020 to 2025 (USD Million)
9. Global Cloud Security Market By Region, From 2020 to 2025 (USD Million)
10. Global Content Security Market By Region, From 2020 to 2025 (USD Million)
11. Global Endpoint Security Market By Region, From 2020 to 2025 (USD Million)
12. Global Network Security Market By Region, From 2020 to 2025 (USD Million)
13. Global Wireless Security Market By Region, From 2020 to 2025 (USD Million)
14. Global Other Market By Region, From 2020 to 2025 (USD Million)
15. Global Healthcare Cybersecurity Market Market By End-User, From 2020 to 2025 (USD Million)
16. Global Pharmaceutical Industries Market By Region, From 2020 to 2025 (USD Million)
17. Global Biotechnology Industries Market By Region, From 2020 to 2025 (USD Million)
18. Global Hospitals Market By Region, From 2020 to 2025 (USD Million)
19. Global Medical Devices Companies Market By Region, From 2020 to 2025 (USD Million)
20. Global Health Insurance Companies Market By Region, From 2020 to 2025 (USD Million)
21. 120+ More

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