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Healthcare Cybersecurity Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Author : Ronak Bora | Published Date : 2020-09-15 

Healthcare Cybersecurity Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rampant cybersecurity threats across healthcare organizations are touted to fuel healthcare cybersecurity market value as several positive developments have occurred in cybersecurity space. Significance of healthcare cybersecurity can be attributed to the fact that healthcare organizations have been adopting digitization and allocating IT budgets to cybersecurity.

While healthcare sector has been rendering life-critical services with novel technologies, ransomware, DDoS attacks and data breaches have been disrupting healthcare industry. Going beyond breach of privacy and financial loss, cybersecurity threats have had massive ramification—security measures, as such, are profoundly being deployed across healthcare organizations.

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GMI, predicts healthcare cybersecurity market size to surpass US$27 bn by 2025. A spike in healthcare DDoS attacks has prompted organizations to contemplate DDoS managed services. Attacks by distributed denial of service (DDoS) have taken down websites and networks by flooding them with disrupting vital services and sham traffic. Email systems and cloud-based EHR may be rendered futile, preventing healthcare workers from accessing patients’ information and putting patients at risk.

With a rise in medical Internet of Things (IoT), DDoS attackers have been using infected IoT devices in botnets to launch coordinated attacks. As such, DDoS managed services are setting the trend and will continue to witness an upswing in the next half-a-decade. DDoS segment is projected to witness a healthy CAGR of around 20% through 2025.

At the time when breach of cybersecurity has become more rampant, healthcare organizations have shifted their focus towards installation of on-premise monitoring software. These organizations are boosting their awareness on the capabilities of medical devices, IT systems, HVAC systems with network capabilities installed on the network.

Real-time monitoring software has become massively popular among the stakeholders. On-premise deployment segment will potentially expand at a growth rate of around 18% through 2025.

Unprecedented rise in the use of IoT and mobile devices has led healthcare organizations to install device security solutions to protect data. While there is no denying that mobile devices have boosted employees’ productivity, the flip side is that hackers have found the way out to access these devices to install malicious programs and leak invaluable information. Prominently, device security portfolio registered around 21% healthcare cybersecurity revenue share in 2018, notable surge has been anticipated in the ensuing period.

Healthcare organizations have had torrid time following the proliferation of cyberattacks, Europe in particular have faced the heat. Upsurge in cybercrime has made these organizations vulnerable to malwares, phishing and ransomware. The U.K. and Germany have been among the worst affected by cyberattacks in recent years. Europe healthcare cybersecurity market revenue was pegged at around US$2.5 bn in 2018, similar growth trajectory has been projected through 2025.

Lack of proper tools will weaken healthcare security as longer a security threat remains unmapped; data breach will be more ominous— making solutions such as monitoring scalable and flexible to secure a network. With the trend for BYOD and mobile devices becoming prevalent, cybersecurity solutions are likely to change the dynamics of healthcare industry. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/healthcare-cybersecurity-market

Partial Chapter of the Table of Content 

Chapter 4.     Healthcare Cybersecurity Market, By Type of Threat

4.1. Key segment trends

4.2. Ransomware

4.2.1.  Market size, by region, 2014-2025 (USD Million)

4.3. Malware & Spyware

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.4. Distributed Denial-of-Service [DDos]

4.4.1.  Market size, by region, 2014-2025 (USD Million)

4.5. Phishing and Spear-phishing

4.5.1.  Market size, by region, 2014-2025 (USD Million)

4.6. Others

4.6.1.  Market size, by region, 2014-2025 (USD Million)

Chapter 5.     Healthcare Cybersecurity Market, By Security Measures

5.1. Key segment trends

5.2. Application security

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Network security

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Application security

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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