The global healthcare cyber security market is expected to cross USD 10.85 Million by 2022. Cybersecurity in healthcare is a mammoth task and for a large multispecialty, hospital with running practices and healthcare challenges today seem as a highly complex nature. The severity of the problem is the fact that every aspect of the challenge calls for accumulation of personal data, but no matter the size of cyber security in healthcare, attacks come as a surprise.

The healthcare cyber security market is driven by rise in precautionary measures against cyberattacks and cyber warfare. In addition, technological enhancements and increase in counterfeit accounts operating on a large scale are expected to contribute to the market growth in the near future. However, lack of spending on healthcare organizations and low awareness about potential cyber security levels is likely to hinder the market growth in the near future.

The healthcare cyber security is inclusive of segmentation by solution as identity and access management, risk and compliance management, security information, event management, intrusion detection system, antivirus, data encryption software and antivirus. Identity and access management accounts for a significant share in the market growth. End-user segmentation for healthcare cyber security market includes health insurance companies, pharmaceuticals & chemical industries and hospitals.

Geographical segmentation for healthcare cyber security market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America market accounts for a significant market share in the global scenario owing to enhanced technology, infrastructure, patient availability and rise in cyber security applications.

Asia-Pacific market accounts for a greater market share in the forecast period due to rise in cyber security applications, development of regulatory framework and rise in use of healthcare devices. The key players in the healthcare cyber security market include IBM, McAfee, Symantec, Fireye, Trend Micro Lockheed Martin, Northrop Grumma and Kaspersky.

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Market Segment:

Healthcare Cyber Security End-Use Outlook (Revenue, USD Million, 2012 - 2022)
• Pharmaceuticals & Chemicals
• Medical Devices
• Health Insurance
• Hospitals
• Others

Healthcare Cyber Security Type of Threat Outlook (Revenue, USD Million, 2012 - 2022)
• Pharmaceuticals & Chemicals
• Malware
• DDoS
• Advanced Persistent Threats (APT)
• Spyware
• Lost or Stolen Devices
• Others

Healthcare Cyber Security Type of Solution Outlook (Market Revenue in USD Million, 2012 - 2022)
• Identity and Access Management
• Risk and Compliance Management
• Antivirus and Antimalware
• DDoS Mitigation
• Security Information and Event Management (SIEM)
• Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
• Others

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Healthcare Cyber Security Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

 Growth in the Cyber insurance market
Cyber risks are becoming more prevalent and disruptive, with an increased number of incidents involving data breaches, phishing scams, malware attacks, ransomware threats, and identity theft. Cyber insurance helps protect businesses against losses resulting from cyber-attacks or data breaches. Cyber insurance coverage can include data loss and restoration, extortion, legal fees, and more. Cyber Security Insurance Market insurance increases and improves cyber security with the benefits of good security, and internalizing of the costs of poor security.  There are many benefits that coincide with investing in insurance.

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The growth of the US cyber insurance market is due to the introduction of legislation in most states to take appropriate security measures to protect against cyber risks and report serious breaches to national authorities. This led to an increase in demand for cyber insurance products covering personal data breach. The U.S. is the largest market for the cyber security insurance market. The U.S. economy loses US$57 billion-US$109 billion per year due to malicious cyber activity, according to the White House Council of Economic Advisers. European market can be expected grow with the rapid rate over the forecast period, owing to new laws about data security and protection, “EU General Data Protection Regulation (GDPR)”
Cyber challenges in Asia Pacific region, such as low cyber security investments and long dwell times, can be attributed to the complex geopolitical tensions, exposed critical infrastructure, and the severe shortage of cyber security talents in the region. Brazil is undergoing a digital revolution with few parallels in the developing world. The rate of digital penetration and social media adoption has risen exponentially over the past decade. Over 50% of Brazilians are active Internet users, & Brazilian financial institutions were early adopters of online services. Cyber security and online fraud are major concerns, with annual losses reaching billions of dollars.
According to a new market report published by BlueWeave Consulting, the global cyber security insurance market was valued at US$ 4,222.3 Mn in 2017 and is expected to expand at a CAGR of 25.3% from 2018 to 2026, reaching US$ 32,543.6 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the cyber security insurance market in 2017.
The risk management segment is expected to dominate the global cyber insurance market. 
The global market for cyber security insurance is segmented on the basis of service type, enterprise size, industry vertical and geography. On the basis of service type, the market is segmented into risk management, integrity, forefront portfolio, third party liability, and others. Risk management is expected to account a 26.8% market share in 2018
Healthcare industry is highly affected by cyber-crime
On the basis of industry vertical, the market is divided into banking and financial services, telecom and IT, government, healthcare, education, manufacturing, travel and hospitality and others. Financial services, energy and utilities, and telecommunications are among the most investigated industries in APAC, highlighting the need for higher awareness levels, stronger mitigation measures, and improved cyber security postures
North America accounts for more than 80% of market share in 2018
Geographically, the global cyber security insurance market is bifurcated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The Asia Pacific is the most promising markets for cyber security insurance market and is slated to offer players a host of opportunities in the coming years. In the Indian market, the high demand for cyber insurance policies is due to the telecom revolution. Moreover, increase digitization of the economy further boosts the demand. Latin America is experiencing significantly more data breaches and with that, increased sales of cyber insurance. Norton Security has reported cybercrime cost Brazil roughly US$8 billion and Mexico US$3 billion in 2015. Cyber security insurance coverage is still in its at beginning stage in Latin America.
Competitive Dynamics
Major industry players in cyber security insurance market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product development.
In June 2017, Zurich Brasila, subsidiary of Zurich Insurance Group, has launched insurance coverage for cyber-related risks, amid the fast-growing use of internet among companies and individuals. The company will offers protection in nations more exposed to cyber-attacks, such as the US, the UK and China, will now offer this product in Brazil due to increasing demand.
In June 2014, the UK Government launched a joint initiative with some major British insurers to increase the level of IT security in UK companies called the “Cyber Essentials Scheme”, it is based on certificates and will ensure that certified organizations have a certain amount of security measures in place. Cyber Essentials has been developed in close consultation with the insurance industry and is backed by AIG, Marsh, Swiss Re, the British Insurance Brokers’ Association (BIBA) and the International Underwriting Association (IUA).

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The global cyber security insurance market includes key players such as XL Group Ltd., American International Group Inc., Zurich Insurance Co. Ltd, AON PLC, Allianz Global Corporate & Specialty, Munich Re Group, Chubb, HSB, BCS financial corporation, Marsh & McLennan Companies, Inc., Markel Corp, Traveler's group, Hiscox, Beazely Insurance group and others.
Don’t miss the business opportunity of the Cyber Security Insurance Market. Consult our analyst and gain crucial insights and facilitate your business growth. 
The Cyber Security Insurance Market Has Been Segmented As Below:
Market Segmentation: Global Cyber Security Insurance Market
By Service Type
•  Risk Management
•   Integrity
•    Forefront Portfolio
•    Third Party Liability
By Enterprise Size
•     Small & Medium Enterprises (SMEs)
•     Large Enterprises

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By Industry Vertical
Banking, Financials
Telecom And IT
Government
Healthcare
Education
Manufacturing
Travel And Hospitality
Others
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The Global Cyber Security Market is subject to witness a substantial growth due to the increasing focus towards prevention of information in the wake of high profile data thefts and breaches. Adoption of the machine learning, artificial intelligence (AI) and various communication techniques such as instant messaging applications to provide protection against potential cyber-attacks and data breaches, are on the rise. These factors are responsible for the growth of the artificial intelligence-based cyber security market, in recent years.

Globally, the cyber security market is predicted to grow at CAGR of 12.88% over the forecast period, providing numerous opportunities for market players to invest in research and development of the cyber security market. Additionally, increasing adoption of various cloud-based services such as authentication techniques, video management, biometric information storage, and big data computing by number of organizations are driving demand for the advanced cyber security systems. The highly advanced cyber security systems offer flexibility and scalability, which are vital in several industries and firms such as the financial industry that allows storing of critical information on the cloud storage securely.

Growing focus towards adoption of the cloud-data security services to ensure security and protection from potential threats are expected to drive market growth, in recent years. Furthermore, rise in the adoption of cloud-based services by small and medium-sized enterprises is anticipated to drive the expansion of cyber security market over the forecast period. With recent technological advancement in the cloud technology, is leading to integration of various cloud-based application in number of business processes.

Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a highest quality of safety for financial transactions.

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Rise in the number of incidences related to data breaches and cyber-attacks are driving enterprises to adopt latest security solution to safeguard vital organizational information. Numerous governmental initiatives to promote adoption of cyber security are forcing small and medium-sized enterprises (SMEs) to embed advanced cyber security solutions in their business processes, as SMEs are more susceptible towards cyberattacks in comparison with large-scale organizations. Such factors are contributing to the high deployment rate of security solutions and services in the market, thus escalating growth of the cyber security market, in upcoming years.

The IoT technology is gaining wide popularity in recent times, as it simplifies execution of complex tasks, thus providing necessary convenience and simplifying life for millions of people. The IoT technology utilizes large number of connected devices, which are directly linked with cloud server to offer real time data to the user. However, this may lead to cyberattacks and data breaches due to lack of security. Increasing concerns related to cyber threats are key drivers responsible for rising demand of the advanced cyber security solutions in numerous IoT applications.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies to prevent data breaches and existence of well-established cloud infrastructure in the region.

Asia-Pacific region is predicted to hold major market share with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with strong economic growth, increasing number of small and medium-sized enterprises (SMEs), favorable government laws and regulations, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the cyber security market are Symantec Co., Cisco Systems Inc., Checkpoint Software Technologies Ltd., Fortinet Inc., Samsung, Xilinx, Inc., Amazon, Inc., Kaspersky Lab, and Trend Micro, Inc.,

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Healthcare industry has gone through rapid digitalization globally. Nowadays, healthcare organizations are spending significant capitals for enhanced patient monitoring systems and healthcare information systems. This transition has uplifted the prospects for cyber security market in the healthcare sector, and the market size was evaluated at $5.46 billion as of 2018. Following the increased number of cyber-attacks, the market for the same is expected to grow at a compound annual growth rate (CAGR) of 14.16% through the forecast period of 2018 to 2025, according to a market intelligence report by IndustryARC’s analyst.

The report is titled “

Cyber Security Market in Healthcare: By Type (Service, Solutions); By End User (Providers, Business Associates, Payers); By Geography - Forecast (2019-2025).” The report contains comprehensive insights related to trends, outlook, demands, forecast, and geographical distribution in the market.

Global Cyber Security Market in Healthcare: Leading Segments

By application, cloud security system is the fastest growing application in the cyber security market in healthcare. The urgency of cyber security in healthcare will instigate the application growth at a CAGR of 18.57% during the forecast period of 2019 to 2025.

By region, North America held the largest market for cyber security in healthcare as of 2018, the region was accounted to grab 37.61% of the total cyber security healthcare market share. Growing awareness about cyber breaches among healthcare organizations and rising end-user expenditure of advanced cyber security solutions is driving this regional cyber security market in healthcare.

Global Cyber Security Market in Healthcare: Industry Analysis

According to the U.S. Department of Health and Human Services [1] , around 1 million electronic health records (EHRs) were compromised in the year 2017. The leak affected the credibility of legitimate medical records which could have caused loss of life in some instances. Therefore, the application of stringent security methods is paramount in the healthcare industry for data loss protection. Health information management systems are being employed in hospitals for breach detection and identity & access management. Profits in the cyber security market in healthcare are certain because of the cyber-attacks in the healthcare industry are proving to be inevitable. Advanced cloud & data centres that provide optimized health information technology for the safety of patient records is the competitive aspect for the key players in the global cyber security market in healthcare.

Global Cyber Security Market in Healthcare Trends

· Cloud-based storage is being employed to contain sensitive healthcare details. Cloud provides a real-time updatability and availability of the data which is helpful in tracking the status of medical reports. The market shift from conventional data storing and accessing techniques to cloud-based techniques is spreading massively, which is expected to concur profits in the cyber security in healthcare market.

· An upsurge of medical IoT devices is proposed to connect sophisticated in-hospital diagnostic equipment to the Internet. This connection of sensitive devices might become one of the reasons for the data breach, while artificial intelligence is also on the brink of its application in the healthcare industry. This transition towards innovative technologies may act as a boon or bane to the healthcare industry.

Cyber Security Market in Healthcare: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the cyber security market in healthcare are Cisco Systems, Inc., FireEye, Inc., IBM Corporation, Kaspersky Lab, Lockheed Martin Corporation, MacAfee, Inc., Northrop Grumma Corporation, Palo Alto Networks, Inc., Sensato, and Symantec Corporation.

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https://www.industryarc.com/Report/17945/cyber-security-market-in-fintech.html

B. Cyber Security Market

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What can you expect from the report?
The global cyber security market in healthcare is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data 12. Country level Analysis

3. Manufacturer Landscape 13. Competitor Analysis

4. Distributor Landscape 14. Market Shares Analysis

5. Pricing Analysis 15. Value Chain Analysis

6. Top 10 End user Analysis 16. Supply Chain Analysis

7. Product Benchmarking 17. Strategic Analysis

8. Product Developments 18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis 19. Opportunity Analysis

10. Patent Analysis 20. Revenue and Volume Analysis

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