Healthcare Internet of Things (IoT) Security Market Research Report and Forecast to 2027 is an investigative report providing an extensive study of the global Healthcare Internet of Things (IoT) Security market with regards to market size, market share, current and emerging trends, and latest technological developments
The global 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 latest analysis by Emergen Research. 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.
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.
IoT devices are providing patients more freedom and ensuing enhanced compliance by simplifying monitoring and treatment. These devices provide analysis and continuous monitoring of medical data that would not be possible without technology. They also offer healthcare providers instant access to up-to-date information so they can provide better care. Emergence of COVID-19 has forced healthcare workers to deploy connected devices and track and isolate a substantially large number of COVID-19 patients. These devices enable provision of remote services and can reduce burden on healthcare providers.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Global Healthcare Internet of Things (IoT) Security Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate
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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.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others.
Key Players operating in the industry 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.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
Research Methodology – Healthcare Internet of Things (IoT) Security Market
The research methodology adopted by analysts for compiling the report on the global Healthcare Internet of Things (IoT) Security market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global marble market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on the data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global Healthcare Internet of Things (IoT) Security market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global Healthcare Internet of Things (IoT) Security market.
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.
The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
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)
Unified Threat Management
Identity And Access Management
Data Loss Protection
Risk Assessment Services
Managed Security Services
Design & Integration Services
Security Type Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
Hospitals, Surgical Centers, and Clinics
Clinical Research Organizations
Government and Defense Institutions
Research and Diagnostic Laboratories
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Healthcare Internet of Things (IoT) Security Market added by Healthcare Internet of Things (IoT) Security demonstrates that the global Healthcare Internet of Things (IoT) Security market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Healthcare Internet of Things (IoT) Security market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Assess the production processes, major issues, and solutions to mitigate the development risk.
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Study Objectives of this document are:
To learn about and analyze the Market measurement (value and volume) by way of company, key regions/countries, merchandise and application, records facts from 2018 to 2019, and forecast to 2028.
To apprehend the shape of the market by figuring out its quite a number of sub segments.
To share targeted data about the key elements influencing the boom of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key participant manufacturers, to define, describe and analyze the income volume, value, market share, market opposition landscape, SWOT evaluation and improvement plans in subsequent few years.
To analyze the market with appreciation to man or woman boom trends, future prospects, and their contribution to the whole market.
To task the cost and quantity of market submarkets, with appreciation to key areas (along with their respective key countries).
To analyze aggressive tendencies such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key gamers and comprehensively analyze their boom strategies.
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