Market Research Report
Global Healthcare IOT Security Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||980914|
|Published||Content info||204 Pages
Delivery time: 2-3 business days
|Global Healthcare IOT Security Market Forecast 2021-2026|
|Published: January 11, 2021||Content info: 204 Pages||
The global healthcare IoT security market is estimated to grow with a CAGR of 21.88%, during the forecast years of 2021 to 2026. The market growth is mainly accredited to factors, such as, the increasing number of cyberattacks, the rising demand for IoT applications, the surging healthcare industry, and the growing awareness regarding secure IoT networks.
IoT (Internet of Things) is continually transforming processes across multiple sectors, thereby making them more efficient and effective. Likewise, healthcare is among the sectors adopting IoT over recent years, with the overall healthcare infrastructure being upgraded in order to satisfy consumers' increasing demand. IoT has also increased the viability of telemedicine. As a result, doctors can now regularly monitor patients' health, and make suitable recommendations accordingly. This has also led to reduced treatment costs, while improving its outcome, as well.
The emerging trend of IoT across organizations has increased the vulnerability of devices and applications, mainly to advanced persistent threats (APTs). However, the rising number of mobile devices makes it challenging for information technology (IT) teams to manage and track the data flow within multiple systems. Hence, organizations adopt IoT security systems for protecting sensitive information by monitoring, classifying, and resolving attacks.
The global healthcare IoT security market growth is evaluated across the Asia Pacific, North America, Europe, and the rest of the world. The Asia Pacific is expected to be the fastest-growing region, due to the rising penetration of the internet, the increased use of mobile data, and the significant shift towards digitizing the healthcare infrastructure.
The global market comprises numerous regional and international players, striving to gain traction in a relatively contested market space. As a result, it is characterized by intensified competition, increased levels of product penetration, and moderate to high product differentiation.
Leading companies operating in the market include, IBM Corporation, Microsoft Corporation, Cisco Systems Inc, Intel Corporation, etc.