Healthcare Cyber Security Market Is Predicted to Augment Owing to Growth In Number Of Healthcare Cyber-Attacks In Developed And Developing Regions: Ken Research

Cybersecurity in the healthcare comprises the safeguard of the electronic information and assets from the unauthorized admittance, usage and disclosure. There are three objectives of cybersecurity: safeguarding the confidentially, availability and integration of information, also well-known as the CIA triad. Healthcare cybersecurity has transformed dramatically during the last ten years with the advent of the Internet of Things (IoT) devices growing on the medical network. IoT technologies are speedily becoming portion of the high-tech medical arena. Medical devices are now connected to the network to supports doctors, nurses, and assist the teams convey the critical care services for patients.

According to the report analysis, ‘Healthcare Cybersecurity Market: Current Analysis and Forecast (2021-2027)’ states that during recent years healthcare is the most targeted industry, by ransomware. Several regions including the US observed a sharp augment in the hit by ransomware. Around 2020, the trend was observed in Q3 where healthcare was the number one most targeted industry around the US. Additionally, an escalating count of healthcare institutions are projected to take to cyber security solutions to safeguard patient and their own data too. The implementation of connect medical devices and digital medical record systems connected with the surging utilization of laptops, tablets, smartphones, and several other mobile devices is foretold to set the tone for a valuable requirement in the market.

Aim on the introduction of technologically advanced solutions could be a foremost strategy adopted by leading players operating in the worldwide healthcare cyber security market, followed by merger and acquisition. The speedy shift toward cloud computing technology is envisioned to supplement an additional boost to the requirement in the market. More choices could take position around the market as players look to run new strategies to increase their existence.

Nonetheless, the growth in the healthcare cybersecurity market is majorly accredited to the aspects such as emergence of disruptive digital technologies around healthcare sector, rising requirement for advanced cybersecurity solutions & privacy, and augment in complexity & frequency of cyber threats. In addition, the growing need of cloud-based security solutions amongst healthcare segment and exponential growth in healthcare data breaches are also projected to assist the growth of this market over the forthcoming years. However, the shortage of trained professionals and global effect of COVID-19 on the industry vertical complicates the growth of this market to some extent.

Geographically, the market is scattered across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is predicted to augment at the highest CAGR throughout the forecast period. Augment in awareness among healthcare organizations and increment in end-user spending on improved cyber security solutions and services, due to growth in number of cyber-attacks, are anticipated to propel to the market growth in this region. Moreover, aspects likewise as the increasing number of healthcare cyber-attacks in developed and underdeveloped regions propel the global healthcare cybersecurity market. Increasing security and regulatory compliance concerning issues are in North America and Europe. Therefore, in the near years, it is predicted that the market of healthcare cyber security will increase around the globe more actively over the near future.

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Global Healthcare Cyber Security Market

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