Overview and Scope
Healthcare Internet of Things (IoT) security refers to a network of linked devices that can collect and distribute data without the need for people. These solutions aim to mitigate the security risks associated with medical IoT devices and ensure the protection of patient data and care.
Sizing and Forecast
The healthcare IoT security market size has grown exponentially in recent years. It will grow from $2.12 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 29.0%. The growth in the historic period can be attributed to need for robust protection, regulatory mandates emphasizing the importance of healthcare data security, continuous digital transformation in healthcare, economic growth, and urbanization.
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Segmentation & Regional Insights
The healthcare iot security market covered in this report is segmented –
1) By Component: Solution, Services
2) By Security Type: Application Security, Cloud Security, Endpoint Security, Network Security, Other Security Types
3) By End-use: Hospitals, Surgical Centers, and Clinics, Government and Defense Institutions, Clinical Research Organizations, Research and Diagnostic Laboratories
North America was the largest region in the healthcare IoT security market in 2023. The regions covered in the healthcare iot security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising cybersecurity concerns are expected to propel the growth of the healthcare IoT security market going forward. Cybersecurity concerns refer to the potential threats, risks, and vulnerabilities associated with the use of information technology and digital systems. Healthcare IoT security reduces cybersecurity risks in the healthcare sector by guaranteeing the security of private patient information and medical records. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based government agency, a rise of about 13% was observed in the number of cybercrime reports received in 2021–2022, totaling 76,000. Additionally, in September 2023, AAG, a provider of IT support services, reported that 39% of UK companies reported encountering a cyberattack in 2022, and cybercrime affected 53.35 million individuals in the United States. Therefore, rising cybersecurity concerns are driving the growth of the healthcare IoT security market.
Key Industry Players
Major companies operating in the healthcare iot security market report are Microsoft Corporation, Deutsche Telekom AG, Dell Corporation, Intel Corporation, IBM Corporation, Cisco Systems, Oracle Corporation, Klynveld Peat Marwick Goerdeler, Palo Alto Networks Inc., Fortinet Inc, Symantec Corporation (NortonLifeLock), Checkpoint Software Technology, Trend Micro Inc., AO Kaspersky Lab, Kaspersky Lab, Sophos Group Plc, Claroty, Eurotech SpA, Atmel Corporation, Inside Secure SA, CloudWave, Cynerio, ICterra, Medigate by Claroty, Asimily, Waracle, CyberMDX, SecureFLO LLC, Agile Cyber Security Solutions LLC, Intelen Inc., Security Mentor
The healthcare iot security market report table of contents includes:
1. Executive Summary
2. Healthcare IoT Security Market Characteristics
3. Healthcare IoT Security Market Trends And Strategies
4. Healthcare IoT Security Market – Macro Economic Scenario
5. Global Healthcare IoT Security Market Size and Growth
…
32. Global Healthcare IoT Security Market Competitive Benchmarking
33. Global Healthcare IoT Security Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthcare IoT Security Market
35.Healthcare IoT Security Market Future Outlook and Potential Analysis
36. Appendix
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