Healthcare cybersecurity market share from DDoS threat protection is pegged to reach a 20% CAGR in through 2025 with the rise in attacks on cloud-based services and the extensive demand for healthcare cybersecurity solutions to render security against these attacks.
The rising numbers of cyberthreats in healthcare industry are likely to impact healthcare cybersecurity market share across the globe. An upsurge in population and healthcare issues have substantially proliferated the number of patient medical records stored with the healthcare institutions. Healthcare organizations are specifically vulnerable and targeted by cybercriminals because they possess substantial information of intelligence and high monetary value to cyber thieves and nation-state actors.
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The total disclosed number of breached patient records have escalated from 1.1 million in Q1 2018 to 4.4 million in Q3 2018 alone, out of which 680,000 records were breached by insiders. In the face of such a grim scenario, it does not come as a surprise that medical companies are striving to join forces with online security solution providers in order to install the best security service there is. These moves have quite overtly, pushed the graph of healthcare cybersecurity market upwards.
Device cybersecurity in healthcare is anticipated to register more than 21% of the global share over the next few years with a robust demand for mobile/portable devices across healthcare facilities. This can be further owed to the use of mobile devices to enhance employee productivity and patient experience.
Value of on-premises deployment of healthcare cybersecurity regulations is likely to record over 18% CAGR up to 2025 worldwide. This can be attributed to the increasing need of healthcare organizations to monitor all the files and databases on premise in real-time with the help of privileged user access as well as to verify and validate the authenticity of their employees. This has limited the instances of breaches and employee thefts besides augmenting the demand for monitoring software.
The ongoing COVID-19 pandemic had also significantly influenced the industry trends with the growth in cybersecurity breaches in labs and hospitals. IBM entered a partnership with Cylera to launch Healthcare Asset Operations Center (HAOC), a solution for asset management and cybersecurity protection to assist hospitals in managing and securing their ventilators as well as other critical medical devices.
Imperva, Symantec Corporation, McAfee, Cisco Systems, FireEye Inc, Trend Micro Incorporated, Palo Alto Networks, Atos SE, and Fortified Health Security are some of the other firms in the business. However, higher charges associated with the installation of healthcare cybersecurity systems may hinder the overall growth to a certain extent.
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Partial Chapter of the Table of Content
Chapter 4. Healthcare Cybersecurity Market, By Type of Threat
4.1. Key segment trends
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)
4.6.1. 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. Healthcare Cybersecurity Market size, by region, 2014-2025 (USD Million)
5.4. Application security
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5.1. Market size, by region, 2014-2025 (USD Million)
Chapter 6. Healthcare Cybersecurity Market, By Deployment
6.1. Key segment trends
6.2.1. Market size, by region, 2014-2025 (USD Million)
6.3.1. Market size, by region, 2014-2025 (USD Million)
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