U.S (New York) – New research study titled “Healthcare Cyber Security Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
Cyber security solutions and services enable healthcare organizations to protect their business-critical infrastructure and patient data, and meet regulatory compliance. Increase in incidence of cyber-attacks, rise in demand for cloud services, and introduction of supportive government regulations and acts to protect patient information from data breaches encourage healthcare providers to deploy advanced cyber security solutions. However, lack of trained professionals is limiting the market growth to some extent.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The healthcare cyber security market is segmented on the basis of type, security type, and region. Based on the type, the market is bifurcated into service and solutions. By security type, it is divided into application security, cloud security, healthcare security, network security, wireless security, and others. The network security segment dominated the market in 2016, owing to increase in awareness and end-user spending on advanced network security solutions such as DDoS mitigation solutions and access control solutions to ensure protection.
Geographically, the healthcare cyber security market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Rise in awareness among healthcare organizations and increase in end-user spending on enhanced healthcare cyber security solutions and services, owing to increase in number of cyber-attacks, are projected to fuel to the healthcare cyber security market growth in this region.
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KEY BENEFITS
The study provides an in-depth analysis of the healthcare cyber security market, with current and future trends to elucidate the imminent investment pockets.
Information regarding key drivers, restraints, and opportunities coupled with their impact analysis is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers participating in the market.
The quantitative analysis of the market from 2016 to 2023 is provided to elaborate the market potential.
KEY MARKET PLAYERS PROFILED IN THE REPORT
Cisco Systems, Inc.
FireEye, Inc.
IBM Corporation
Kaspersky Lab
Lockheed Martin Corporation
MacAfee, Inc.
Northrop Grumma Corporation
Palo Alto Networks, Inc.
Sensato
Symantec Corporation
KEY MARKET SEGMENTS
The healthcare cyber security market is segmented based on type, security type, and geography.
BY TYPE
Service
Solution
BY SECURITY TYPE
Application Security
Cloud Security
Content Security
Endpoint Security
Network Security
Wireless Security
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BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
Australia
Japan
China
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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