Global Cyber Security in Healthcare Market Is Projected To Reach Around USD 91.26 Billion By 2032

Zion Market Research has published a new report titled “Cyber Security in Healthcare Market By Deployment Type (On-Premises and Cloud-Based), By Security Type (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, and Wireless Security), By End-User (Pharmaceutical & Chemical Manufactures, Medical Device Companies, Health insurance Companies, Hospitals & Clinics, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 to 2032”. According to the report, the global cyber security in healthcare market size was valued at approximately USD 19.96 billion in 2023 and is predicted to reach around USD 91.26 billion by the end of 2032, expanding at a CAGR of around 18.4% from 2024 to 2032.

Healthcare organizations are increasingly adopting cybersecurity solutions to keep cybercriminals at bay. Healthcare providers are taking more precautions in securing devices and connected networks, which, in turn, is increasing the popularity of healthcare cybersecurity tools and solutions. The key factor driving cyber security in the healthcare market is the increasing number of cyber-attack threats, as medical records contain huge volumes of information that can be used to perform identity fraud.

Browse the full “Cyber Security in Healthcare Market By Deployment Type (On-Premises and Cloud-Based), By Security Type (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, and Wireless Security), By End-User (Pharmaceutical & Chemical Manufactures, Medical Device Companies, Health insurance Companies, Hospitals & Clinics, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 to 2032” Report at https://www.zionmarketresearch.com/report/cyber-security-healthcare-market

The cyber security in healthcare market is fragmented on the basis of deployment type, security type, and end-user. Based on deployment, the market includes cloud-based and on-premises. The on-premises segment held the maximum market share in terms of revenue. The cloud-based segment is likely to show the fastest CAGR in the future, owing to the increasing adoption of cyber security solutions and services by global organizations.

Based on security type, the market includes application security, content security network security, endpoint security, cloud security, and wireless security. The security type security segment accounted for the largest market share in 2023. The sales of mobile devices and their penetration is growing due to the growing acceptance of BYOD (bring your own device) in healthcare organizations. The variety of security types, services, and functions available on mobile devices leads to a large amount of data being stored on these devices and transferred to others, which is this segment.

The end-user segment comprises medical device companies, pharmaceutical and chemical manufacturers, health insurance companies, hospitals and clinics, and others. The trend of cyberattacks is on the rise globally, particularly in insurance companies, medical device manufacturers, and pharmaceuticals. For instance, in 2013, Boston Scientific and St. Jude Medical reported incidents of attacks and data loss. In 2015, a massive attack on Anthem resulted in a loss of nearly 80 million customer records. Furthermore, the hospitals and clinics segment is expected to be the fastest growing, as they are more vulnerable to cyber warfare due to the lack of network security policy, low IT investments, etc.

North America and Europe are anticipated to dominate the global cyber security in healthcare market and are likely to hold major market shares in the future. The major factor contributing to these regional markets’ growth is the increased number of cyberattacks targeting various healthcare organizations, the presence of popular healthcare providers, and increased investments made in R&D activities. The increased use of networked devices and the rising adoption of digital patient records have further propelled the market growth in North America and Europe.

Some major players operating in the global cyber security in healthcare market include AO Kaspersky Lab, Axway, Biscom Incorporated, Booz Allen Hamilton, CISCO, Computer Sciences Corporation, CORL Technologies, FireEye, Flexera, ForgeRock, General Electric, IBM, Lockheed Martin Corporation, McAfee, Northrop Grumman Corporation, Palo Alto Networks, SENSATO, Symantec Corporation, Trend Micro Incorporated, and WhiteHat Security.

This report segments the global cyber security in healthcare market into:

Global Cyber Security in Healthcare Market: Deployment Type Analysis

• On-Premises
• Cloud-Based

Global Cyber Security in Healthcare Market: Security Type Analysis

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

Global Cyber Security in Healthcare Market: End-User Analysis

• Pharmaceutical and Chemical Manufactures
• Medical Device Companies
• Health Insurance Companies
• Hospitals and Clinics
• Others

Global Cyber Security in Healthcare Market: Regional Analysis

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

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