Surge in incidents of ransomware attacks on healthcare IoT devices and rising focus on improving healthcare infrastructure are some key factors driving market revenue growth
Healthcare Internet of Things (IoT) Security Market size is expected to reach USD 5.52 Billion at a steady revenue CAGR of 21.6% in 2028, according to a new report by Emergen Research.
The Global Healthcare Internet of Things (IoT) Security Market report assesses the market size, share, revenue, and sales and distribution in the historical years (2017-2018) to offer an accurate forecast estimation for the same during the period of 2021-2028.
Rising concerns for security of critical infrastructure in the healthcare sector is a major factor driving global healthcare Internet of Things (IoT) security market revenue growth.
The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends.
The report assesses the comprehensive impact of the pandemic on the overall growth of the Healthcare Internet of Things (IoT) Security market and offers a future impact assessment.
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Advancements in technology have been leading to further development of new devices and IT administrators face difficulties detecting all devices. Healthcare sector is increasingly introducing IoT devices into their networks. Adoption of IoT has improved healthcare facilities and patient care, but growth has also been impeded by increasing incidence of cyberthreats.
The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Healthcare Internet of Things (IoT) Security market with regards to market size, market share, and revenue.
The report also provides an extensive analysis of the key players with regards to their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario. The key players profiled in the report are Cisco Systems Inc., Oracle Corporation, Intel Corporation, Trend Micro Inc., Kaspersky Lab, Deutsche Telekom AG, Dell Corporation, Inside Secure SA, Agile Cyber Security Solutions, LLC., and Symantec Corporation.
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North America accounted for largest revenue share in 2020 due to high demand from the US. Sales of wearable devices is substantially high in the US, and has increased substantially during the first and second waves of the COVID-19 pandemic. Rising trend of personalized medicine and increasing popularity of wearable devices is expected to continue to contribute to growth of the North America healthcare IoT security market going ahead.
The global Healthcare Internet of Things (IoT) Security market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Healthcare Internet of Things (IoT) Security market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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Emergen Research has segmented the global healthcare IoT Security market on the basis of component, security type, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Solution
- Encryption
- Analytics
- Unified Threat Management
- Identity And Access Management
- Data Loss Protection
- Others
- Services
- Risk Assessment Services
- Consulting Services
- Managed Security Services
- Design & Integration Services
- Others
- Security Type Outlook (Revenue, USD Billion; 2018–2028)
- Application Security
- Network Security
- Endpoint Security
- Cloud Security
- Others Security
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Hospitals, Surgical Centers, and Clinics
- Clinical Research Organizations
- Government and Defense Institutions
- Research and Diagnostic Laboratories
- Solution
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