Sarasota, FL -- (SBWIRE) -- 08/31/2018 -- Global Healthcare Cybersecurity Market: Growth Factors

The major factors that are driving the healthcare cybersecurity market are growing cases of cyber attacks, increased cases of data leaks in the organizations, and the rising security and regulatory compliance related issues. Moreover, the growing instances of theft of the intellectual properties, patent breach, revealing of the business secrets, loss of the social security and patient health records, and medical identity fraud are some other factors that are increasing the popularity of the healthcare cybersecurity products. There are increased cases of the healthcare organizations witnessing security threats related to networks and devices thus increasing the demand for the healthcare cybersecurity market. The increased loss of capital due to data breaches has compelled the healthcare organizations to increasingly adopt the security solutions. Lack of awareness about the cyber crimes and lack of IT spending by the healthcare sector are some of the factors that are increasing the cases of cyber attacks.

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Global Healthcare Cybersecurity Market: Overview

Increasing incidents of hacking and other forms of cyber crimes have increased the need for cybersecurity in the healthcare sector. The healthcare organizations are increasingly adopting the cybersecurity solutions for keeping the cybercriminals at bay. The healthcare providers are now taking more efforts in securing their connected networks and devices thus increasing the popularity of the healthcare cybersecurity tools and solutions.

Global Healthcare Cybersecurity Market: Growth Factors

The major factors that are driving the healthcare cybersecurity market are growing cases of cyber attacks, increased cases of data leaks in the organizations, and the rising security and regulatory compliance related issues. Moreover, the growing instances of theft of the intellectual properties, patent breach, revealing of the business secrets, loss of the social security and patient health records, and medical identity fraud are some other factors that are increasing the popularity of the healthcare cybersecurity products. There are increased cases of the healthcare organizations witnessing security threats related to networks and devices thus increasing the demand for the healthcare cybersecurity market. The increased loss of capital due to data breaches has compelled the healthcare organizations to increasingly adopt the security solutions. Lack of awareness about the cyber crimes and lack of IT spending by the healthcare sector are some of the factors that are increasing the cases of cyber attacks.

Global Healthcare Cybersecurity Market: Segmentation

The global healthcare cybersecurity market can be segmented into the type of threat, type of solution, and by end-use. Based on the type of threat, the global market is segregated into DDoS, spyware, malware, lost or stolen devices, advanced persistent threats (APT), and others. Based on the type of solution, the healthcare cybersecurity market is fragmented into intrusion detection system (IDS)/intrusion prevention system (IPS), DDoS mitigation, risk and compliance management, identity and access management, antivirus and antimalware, security information and event management (SIEM), and others. On the basis of the end-user, the market is categorized into medical devices, hospitals, pharmaceuticals & chemicals, health insurance, and others.

Global Healthcare Cybersecurity Market: Regional Analysis

North America dominated the healthcare cybersecurity market. The major factors that contributed to the market growth in this region are the presence of the popular healthcare organizations, increased number of attacks targeting the organizations, and the increased investment in the research and development activities. Other factors such as the increased use of the networked devices and the adoption of the digital patient records have propelled the market growth in North America. It is anticipated that the Asia Pacific will register a rapid growth in the healthcare cybersecurity market. The increasing presence of the healthcare organizations and the growing R&D centers are driving the growth of the healthcare cybersecurity market. There are increased chances of the healthcare organizations being prone to cyber attacks from the hackers and the malicious insiders thus growing the need for security. Another factor that is contributing to the market growth in this region is the supporting government initiatives.

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Global Healthcare Cybersecurity Market: Competitive Players

Some of the most important market players in the healthcare cybersecurity market are Trend Micro, IBM, Lockheed Martin, FireEye, Kaspersky, Symantec, Cisco, Paulo Alto Networks, MacAfee, and Northrop Grumman, among others.

Global Healthcare Cybersecurity Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa