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Healthcare Cybersecurity Market value to hit $27 billion by 2025: Global Market Insights, Inc.

Healthcare Cybersecurity Market value to hit $27 billion by 2025: Global Market Insights, Inc. (Trends, Reports, Analysis)

North America Healthcare Cybersecurity Market surpassed USD 3 billion in 2018 and is expected to achieve a double digit CAGR from 2019 to 2025 supported by increasing cases of data breach in the region. Ransomware segment of healthcare cybersecurity market held around 22% revenue share in 2018. Institute for Critical Infrastructure Technology (ICIT) mentioned 2016 as ransomware year due to highest crimes caused by ransomwares. As a result, 89% of healthcare organization are installing anti-virus solutions to protect healthcare data. Aforementioned factors augment the segment growth. Network security segment is anticipated to foresee over 19% growth over forthcoming years. Due to emergence of healthcare IT, medical data is easily accessible over large networks that has facilitated the treatment process. However, rising connectivity of computer networks has exposed medical data to vulnerability. Rising incidences of data fraud in hospitals and other healthcare facilities due to network jamming boosts segmental growth.

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