The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the healthcare iot security market’s growth in recent years?
Rising cybersecurity concerns are expected to propel the growth of the healthcare IoT security market going forward. Cybersecurity concerns refer to the potential threats, risks, and vulnerabilities associated with the use of information technology and digital systems. Healthcare IoT security reduces cybersecurity risks in the healthcare sector by guaranteeing the security of private patient information and medical records. For instance, in November 2023, according to the Department of Defence Australia, an Australia-based government department, during the financial year 2022-2023, the Australian Cyber Security Centre received over 94,000 reports of cybercrime, marking a 23 percent increase from the previous year, 2021-22. Therefore, rising cybersecurity concerns are driving the growth of the healthcare IoT security market.
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How does the future projection of the healthcare iot security market size compare to its historical growth?
The healthcare IoT security market size has grown exponentially in recent years. It will grow from $2.74 billion in 2024 to $3.55 billion in 2025 at a compound annual growth rate (CAGR) of 29.6%. The growth in the historic period can be attributed to need for robust protection, regulatory mandates emphasizing the importance of healthcare data security, continuous digital transformation in healthcare, economic growth, and urbanization.
The healthcare IoT security market size is expected to see exponential growth in the next few years. It will grow to $9.76 billion in 2029 at a compound annual growth rate (CAGR) of 28.8%. The growth in the forecast period can be attributed to rising cybersecurity concerns, increasing adoption of IoT in healthcare for enhanced patient care, rising data privacy concerns, and government initiatives. Major trends in the forecast period include advances in IoT technologies, integrating blockchain for data integrity, development of innovative, specialized security solutions for healthcare IoT, technological advancement, and increasing partnerships.
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Which key players are shaping the future of the healthcare iot security market?
Major companies operating in the healthcare iot security market report are Microsoft Corporation, Deutsche Telekom AG, Dell Corporation, Intel Corporation, IBM Corporation, Cisco Systems, Oracle Corporation, Klynveld Peat Marwick Goerdeler, Palo Alto Networks Inc., Fortinet Inc, Symantec Corporation (NortonLifeLock), Checkpoint Software Technology, Trend Micro Inc., AO Kaspersky Lab, Kaspersky Lab, Sophos Group Plc, Claroty, Eurotech SpA, Atmel Corporation, Inside Secure SA, CloudWave, Cynerio, ICterra, Medigate by Claroty, Asimily, Waracle, CyberMDX, SecureFLO LLC, Agile Cyber Security Solutions LLC, Intelen Inc., Security Mentor
What trends will propel the growth and evolution of the healthcare iot security market?
Major companies operating in the healthcare IoT security market are developing innovative products, such as security solutions for medical devices, to better serve customers with advanced features. A security solution for medical devices refers to a set of measures, technologies, and practices designed to protect the confidentiality, integrity, and availability of medical devices and the sensitive data they handle. For instance, in December 2022, Palo Alto Networks Inc., a US-based cybersecurity company, launched Medical IoT Security, a zero-trust security solution. The distinctive feature of Palo Alto Networks Medical IoT Security lies in its capability to deploy and manage emerging connected technologies for healthcare organizations swiftly and securely. Leveraging a zero-trust strategic approach to cybersecurity, this solution ensures enhanced security by consistently verifying every user and device, eliminating implicit trust. Through the integration of machine learning (ML), Palo Alto Networks Medical IoT Security empowers healthcare organizations to establish device rules accompanied by automated security responses. Additionally, it facilitates the automation of Zero Trust policy recommendations and enforcement.
Which regions are expected to become dominant players in the healthcare iot security market?
North America was the largest region in the healthcare IoT security market in 2024. The regions covered in the healthcare iot security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the healthcare iot security market, and how are they evolving?
The healthcare IoT security market covered in this report is segmented –
1) By Component: Solution, Services
2) By Security Type: Application Security, Cloud Security, Endpoint Security, Network Security, Other Security Types
3) By End-use: Hospitals, Surgical Centers, and Clinics, Government and Defense Institutions, Clinical Research Organizations, Research and Diagnostic Laboratories
Subsegments:
1) By Solution: Identity And Access Management (IAM), Data Encryption And Tokenization, Intrusion Detection And Prevention Systems (IDPS), Device Authentication And Management, Secure Network Communication
2) By Services: Consulting Services, Risk Assessment And Management, Managed Security Services, Training And Education Services, Support And Maintenance Services
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How is the healthcare iot security market defined, and what are its core characteristics?
Healthcare Internet of Things (IoT) security refers to a network of linked devices that can collect and distribute data without the need for people. These solutions aim to mitigate the security risks associated with medical IoT devices and ensure the protection of patient data and care.
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