Rise in incidents of ransomware attacks on healthcare IoT devices and increased focus on improving healthcare infrastructure are some key factors driving market revenue growth
Healthcare Internet of Things (IoT) Security Market Size: $1.15 billion in 2020, Market Growth: At a CAGR of 21.6%, Market Trends: Technological Advances
global Healthcare Internet of Things (IoT) Security Market The report offers extensive knowledge and information about the Healthcare Internet of Things (IoT) Security Market pertaining to market size, market share, growth influencing factors, opportunities, and current and current trends. emerging. The report is formulated using the latest and up-to-date information from the Global Healthcare Internet of Things (IoT) Security Market, further validated and verified by industry experts and professionals. The Global Internet of Things (IoT) Security in Healthcare Market report contains historical, current, and forecast revenue and profit generation estimates for each segment and sub-segment of the Internet of Things (IoT) Security market. in health care in every key region of the world. The report also sheds light on the emerging growth opportunities in the corporate sphere that are anticipated to drive the growth of the market.
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COVID-19 impact analysis:
This report is the latest document encompassing the massive changes that took place in the Security Internet of Things (IoT) in Healthcare market following the outbreak of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape thereby disrupting the operating mechanism of the Healthcare Internet of Things (IoT) Security market. The severe global crisis has prompted organizations to efficiently respond to the rapidly changing business environment.
Some of the 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.
IoT devices give patients more freedom and consequently improve compliance by simplifying follow-up and treatment. These devices provide continuous monitoring and analysis 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. The emergence of COVID-19 has forced healthcare workers to implement connected devices and to track and isolate a substantially large number of COVID-19 patients. These devices enable remote service delivery and can reduce the burden on healthcare providers.
The increasing popularity of wearable devices is contributing significantly to the growth of the market. Wearable devices in the healthcare sector include connected devices, such as ultralight wearable biosensors, that monitor patients’ blood glucose monitors and help keep diabetics healthy. Other IoT devices include implantable devices such as smart insulin pumps, pacemakers, and defibrillators. Hospitals also use security cameras and smart pens to communicate patient data to and from electronic medical record systems, which are subject to external threats. The growing need to ensure strong data and information security is a major factor driving the deployment of more advanced solutions and contributing to market growth.
The Endpoint Security segment represented a significantly strong revenue share in 2020 as endpoint security is a critical path to protecting healthcare data and accessing privileged hospital networks. Unauthorized and malicious activities at the endpoint lead to data theft, compromise data integrity, and provide a backdoor for additional attacks.
The hospitals, surgery centers and clinics segment accounted for the largest share of revenue in 2020 due to a higher 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 is sold on the dark web for $1,000 per record, with hospitals spending an average of $430 per record to mitigate medical identity theft.
North America accounted for the largest share of revenue in 2020 due to high demand from the US. Wearable device sales are substantially high in the US and increased substantially during the first and second waves of the COVID-19 pandemic. COVID-19. The growing trend of personalized medicine and the growing popularity of wearable devices are expected to continue to contribute to the growth of the North American healthcare IoT security market in the future.
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Key Points Discussed in the Report for the Global Security of Internet of Things (IoT) in Healthcare Market:
Chapter 1: Introduction, Market Driving Force Product, Study Objectives, and Research Scope of Healthcare Internet of Things (IoT) Security Market
Chapter 2: Exclusive Summary – Vital Healthcare Internet of Things (IoT) Security market information.
Chapter 3: Market Dynamics – Healthcare Internet of Things (IoT) Security Market Drivers, Trends, and Challenges
Chapter 4: Security in the Internet of Things (IoT) for Healthcare Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Market Segmentation by Type, End User and Region 2016-2018
Chapter 6: Analysis of the market by segments, by countries and by manufacturers with share of revenue and sales by key countries in these various regions.
Chapter 7 and 8: Appendix, methodology and data source…Continued
Finally, Healthcare Internet of Things (IoT) Security Market is a valuable source of guidance for individuals and businesses.
Emergen Research has segmented the global Healthcare IoT Security Market on the basis of component, security type, end-use, and region:
Component Outlook (Revenue, Billions of USD; 2018–2028)
- Unified Threat Management
- Identity and access management
- Data loss protection
- Risk assessment services
- Consulting services
- Managed security services
- Design and integration services
Value Type Outlook (Revenue, Billions of Dollars; 2018-2028)
- Application security
- network security
- security endpoint
- cloud security
- Other Security
End-Use Outlook (Revenue, $Bn; 2018–2028)
- Hospitals, Surgical Centers and Clinics
- Clinical Research Organizations
- Government and defense institutions
- Research and Diagnostic Laboratories
The global Internet of Things (IoT) Security in Healthcare market has been categorized based on key geographic regions in North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Evaluates the global Healthcare Internet of Things (IoT) Security market presence in major regions with respect to market share, market size, revenue contribution, sales network and distribution channel , and other key elements.
Key questions addressed in the report:
- What are the key factors driving the global Healthcare Internet of Things (IoT) Security market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are market opportunities and risks affecting the performance of vendors in the global Healthcare Internet of Things (IoT) Security market?
- What are the sales and revenue estimates of the top manufacturers in this market during the projected timeline?
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