The healthcare IoT security market insights and analysis by component, solutions type, service type, security type, application and region – forecast till 2032. Health IoT in on the rise, which reflecting into a greater need for healthcare IoT security. Market Research Future (MRFR) reports that the global healthcare IoT security market will grow at 18.80% CAGR between 2022 and 2032. Rapid adoption of IoT in healthcare has led to an increased concern over patient data privacy. IoT security solutions market has tremendous growth potential and likely to reach a valuation of USD 1.9 Bn by the year 2032
IoT can play a significant part in healthcare organisations’ efforts to improve patient care and operational efficiency. The connected device ecosystem in healthcare does, however, also increase the danger of data theft and cyberattacks.
Healthcare IoT is becoming more popular because of benefits like reduced costs, fast service delivery, and operational streamlining. There are many different kinds of wearable medical devices that can be networked. Critical information can be received and transmitted by these gadgets. The use of IoT in healthcare is anticipated to grow over the coming years as caregiving procedures become more active. Deploying strong hospital IoT security solutions will then be necessary as a result of this.
Global Healthcare IoT Security Market: Competitive Landscape
Some of the key players operating in the global healthcare IoT security market include IBM Corporation (U.S.), Intel Corporation (U.S.), Sophos Ltd. (U.K.), Inside Secure SA (France), Oracle Corporation (U.S.) and Cisco Systems, Inc. (U.S.).
Global Healthcare IoT Security Market: Segmental Overview
The segmental analysis of the healthcare IoT security market trends has been conducted on the basis of devices, solutions, and services.
Based on devices, the market has been segmented into IOT stationary devices, IOT ingestible devices¸ real time health monitoring devices and IOT smart devices (mHealth).
Based on solutions, the market has been segmented into network security, endpoint security, application security, content security and cloud security.
By services, the market has been segmented into risk assessment services, managed security services, consulting services, design & integration services and others.
Global Healthcare IoT Security Market: Regional Segmentation
The regions covered in the report includes Europe, the Middle East & Africa (MEA), Asia Pacific (APAC), and Americas. In terms of revenue, Americas account for the lion’s share of the global healthcare IoT security market. Rapid digitization of healthcare systems in countries such the U.S. and Canada is propelling in the region. Early adoption and presence of advanced healthcare infrastructure in these are major market drivers. Demand for healthcare IoT security solutions is expected grow further in the region is forthcoming years. Revenues are expected to grow at an impressive pace during the forecast period.
There is enormous market opportunity in APAC. The market in APAC is predicted to have the highest CAGR during the study time. IoT adoption is being fueled by the region’s rapidly expanding healthcare industry and expanding technological capabilities in the field. Security is increasingly important in IoT-powered healthcare services.
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