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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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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According to the report published by IndustryARC titled “Cyber Security Market: by Solution (Identity and Access Management (IAM), risk and compliance management, Others); by Service (Professional Service, Managed Services), by Security Type (Network Security, Endpoint Security, Application Security, Others), by Mode (On-Premises, Cloud), by Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), by Industry Verticals (Aerospace and Defense, Government, Healthcare, Others) – Forecast (2019 – 2025),” the market to reach $16.31 billion by 2025.

Browse 87 Market Tables, and 35 Figures spread through 188 Pages and go through an in-depth TOC on “Cyber Security Market”

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According to a recent study from IndustryARC, the cyber security market is forecast to reach $16.31 billion by 2025 and is estimated to grow at a CAGR of 14.16% during the period 2019-2025. The growth in the cyber security market can be attributed to the increasing investments by the enterprises to secure their financial data, personal information or other confidential data.

The cyber security market is all set to exhibit robust development with a broad range of applications introduced in aerospace, and healthcare industry. The Aerospace industry is estimated to have a major share during the forecast period which accounts to be more than 29% by 2025. Cyber-attacks in the aerospace industry is usually observed in navigation and guidance systems and effects of such an attack are irrevocable. A similar effect is observed in defense agencies as well and to overcome this, both the industries are focusing on protecting their computer networks by investing more in infrastructure security which involves cybersecurity. The increasing investments in infrastructure security will drive the cyber security market in the future.

North America held nearly 40% of the market share in the year 2018. North American region is the most vulnerable to cybercrimes owing to the prevalent use of technology and data. However, financial stability in the region allows organizations to invest in cybersecurity for the security of data and software. Furthermore, the current government has also invested in cybersecurity with its own cybersecurity defense agency in November 2018. These factors are collectively responsible for the growing cyber security market size in North America.

The Major Players in this Market Include

NTT Security
NGC Group, Inc.
Secure Link, Inc.
Cisco Systems, Inc.
Symantec Corporation
Palo Alto Networks, Inc.
Check Point Software Technologies Ltd.

Microsoft Corporation

Cyber security solution developers are focusing on acquiring other companies for expanding their cybersecurity portfolio. In October 2018, Bitdefender acquired behavioral and network security analytics organization RedSocks for an undisclosed amount. The acquisition attributes to Bitdefender’s goal to expand its cybersecurity portfolio.

The various end-user industries covered in the Cyber Security Market report include:

Aerospace
Government
Financial Services
Healthcare
Telecommunications
Others (Automobile, Information Technology sector and more)

The overall cyber security market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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June 17, 2019: The global cyber security market size is expected to reach USD 241.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.0% over the forecast period. Cyber security focuses on protection of the network, programs, computers, and data from unauthorized access. In the recent past, it has become increasingly vital owing to the storage and transmission of confidential information by government and corporations. Such a vast amount of data transmitted across networks is prone to data breaches, thus raising concerns among public as well as government.

Online threats are identified as one of the highest occurring global risks. Growing technological advancements and capabilities of disrupting cyberspace are continuously reshaping the global threat landscape. Cybercrimes have increasingly affected several industries in myriad ways, thereby boosting demand for internet safety solutions. Various organizations are focusing on improving security systems, owing to the rise in online threats and malware attacks in sectors such as government, defense, and IT.

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Increasing number of high-profile cases of cybercrime has augmented the demand for sophisticated and advanced security software products and services. Furthermore, such cyber hacks have increased the awareness regarding potential threats amid industries such as BFSI, healthcare, and defense. Thus, it has resulted in improved allocation of resources among organizations that help to mitigate risk. 

Cloud-based platforms and smartphone devices are predominant sources of online data breach among organizations. Proliferation of threats, along with the traditional safety models, has been proven ineffective to keep pace with increasing challenges pertaining to safety. In order to overcome such challenges, organizations are rapidly adopting a robust cyber safety stance. Thus, the global market is driven by necessary measures required to counteract growing cybercrimes.

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Increasing number of targeted attacks is propelling the demand for these solutions as major governments such as that in the U.S. and the European Union as well as venture capital firms are continuously investing funds into cyber safety enterprises. Furthermore, rapid advancements in technologies such as cloud, artificial intelligence, and IoT are anticipated to boost the demand for these solutions over the forecast period.

Further key findings from the study suggest:

• Based on component, the services segment dominated the market in 2018 and is anticipated to register the highest CAGR of 11.8% over the forecast period. The solution segment was valued at USD 57.3 billion in 2018

• On the basis of type, the enterprise segment was valued at USD 58.4 billion in 2018, expanding at a healthy CAGR over the forecast period. The application segment is anticipated to register the highest CAGR of 17.9% over the forecast period

• The managed services segment is expected to retain its dominance in the market and is projected to reach USD 76.3 billion by 2025

• The cyber security market in North America was valued at USD 44.6 billion in 2018 and is expected to expand at a healthy CAGR over the forecast period

• Key players in the market include Symantec Corporation; Cisco Systems Inc.; Checkpoint Software Technologies Ltd.; Fortinet Inc.; and Trend Micro.

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January 15, 2019: This report focuses on the global Education Cyber Security status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Education Cyber Security development in United States, Europe and China.

In 2017, the global Education Cyber Security market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2018-2025.

The key players covered in this study

• BAE Systems
• Northrop Grumman
• Raytheon

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• General Dynamics
• Boeing
• Booz Allen Hamilton
• Lockheed Martin
• DXC Technology
• Dell EMC

Market segment by Type, the product can be split into

• On-premises
• Cloud-based

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Market segment by Application, split into

• Education Resource Planning
• Security
• Analytics
• Open Data Platform
• Network Management

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

The study objectives of this report are:

• To analyze global Education Cyber Security status, future forecast, growth opportunity, key market and key players.
• To present the Education Cyber Security development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Education Cyber Security are as follows:

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://ictmarketforecasts.wordpress.com