Emergen Research latest document, titled ‘Global Healthcare Internet Of Things Security Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Healthcare Internet Of Things Security market. The report’s authors have offered necessary details on the latest Healthcare Internet Of Things Security market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Healthcare Internet Of Things Security industry entails useful insights into the estimated Healthcare Internet Of Things Security market size, revenue share, and sales distribution networks.
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 report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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Some major companies operating in the global market include 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.
Rising popularity of wearable devices is contributing significantly to market growth. Wearable devices in the healthcare sector include connected devices such as ultra-light wearable biosensors, which keep tabs on patients’ blood glucose monitors and helps to keep diabetics healthy. Other IoT devices include implantable devices such as smart insulin infusion pumps, pacemakers, and defibrillators. Hospitals also use security cameras and smart pens to communicate patient’s data to and from electronic health records systems, which are subjected to external threats. Increasing need to ensure robust security of data and information is a major factor driving deployment of more advanced solutions and contributing to market growth..
Some Key Highlights from the Report
Solution segment accounted for a relatively larger revenue share in 2020 due to increased focus on preventing potential loss of data. Healthcare sector gathers volumes of sensitive information about patients, which if leaked can be misused and result in grievous illegal activities and legalities. Demand for security solutions with enhanced encryption from hospitals and other healthcare providers has been increasing significantly in the recent past and is expected to continue to support revenue growth of the solution segment over the forecast period.
Endpoint security segment accounted for a significantly robust revenue share in 2020 as endpoint security is a critical path to secure healthcare data and access privileged hospital networks. Unauthorized and malicious activities on endpoint lead to data theft, compromise integrity of data, and provide a backdoor for additional attacks.
Hospitals, surgical centers, and clinics segment accounted for largest revenue share in 2020 due to increased incidence of cyberattacks. Hospitals are increasingly deploying smart devices and new smart beds monitor up to 35 data points including oxygen, blood, and pressure sensors. Compromised data from electronic health records are sold on dark web for USD 1,000 per record, and hospitals spend an average USD 430 per record to mitigate medical identity theft.
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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
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Healthcare Internet Of Things Security market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Healthcare Internet Of Things Security market size
2.2 Latest Healthcare Internet Of Things Security market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Healthcare Internet Of Things Security market key players
3.2 Global Healthcare Internet Of Things Security size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Healthcare Internet Of Things Security market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Healthcare Internet Of Things Security market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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