Healthcare Cyber Security Market Will Expected To Spur Over The Upcoming Years

The global homeland security market size is expected to value at USD 452.46 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for safety equipment and solutions by various sectors such as aviation industry, maritime industry, and border-fence security. Increase in the competition due to presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of homeland security market in the upcoming years.

Introduction of highly advanced machineries such as mission-critical communication devices with fast-paced operational capability and cost-effectiveness are estimated to fuel market demand for homeland security solution in the near future. Globally, the homeland security market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the homeland security market.

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Numerous initiatives undertaken by local governments to limit rising cross-border insurgencies and terrorist activities, particularly in the Asia Pacific region, are predicted to drive the market demand. Other security concerns such as growing human trafficking, drug smuggling, and illicit migration are some of the critical factors for encouraging the regional authorities to implement advanced security measures to mitigate risks, by means of adapting homeland security solutions.

Increasing demand for cyber security to limit number of cyber-attacks and data breaches from North America, and European region are anticipated to foster market growth in the upcoming years. Rising implementation of cyber defenses by private organization is also expected to positively influence market demand in the near future.

Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a higher quality of safety for transparent transactions.

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Increase in adoption of unmanned vehicle systems that are largely utilized for national safety missions all around the globe. For example, introduction of unmanned aerial systems (UAS) by U.S army with prominently expected outcomes is projected to boost market demand for homeland security. As unmanned systems and vehicles are becoming less expensive, easy to use and easily available leading substantial market growth in the last decade.

Cyber security is considered as one of the fastest growing segment in the homeland security market with significant revenue generation in the last couple of years. Growing popularity of the cyber security market segment is attributed to the increasing prevalence of cyber-attacks and data breaches. Moreover, need for advanced cyber security solution is generated due to widespread implementation of cloud computing and next-generation mobile computing coupled with different e-services available in the market.

Adoption of homeland security offers desired level of safety, capability to combat cybercrime efficiently and advanced defense capabilities. Aviation segment has also witnessed significant growth in the recent years due to the development of technologies like biometric identification, handheld screening, and RFID technology.

The homeland security market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in cyber security sector, increase in the prevalence of cyber-attacks each years, and existence of well-established industrial infrastructure in the region. Asia-Pacific region holds a major share in the homeland security industry to display a massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the homeland security market are Elbit Systems Ltd., FLIR Systems Inc., General Dynamics Co., Harris Co., L-3 Communications Co., Holding Incorporations, Megal Security Systems Limited, Raytheon Company, Inc., Safran S.A., Thales S.A., and Unisys Co.

Healthcare Cyber Security Market Surpass Mark of USD 10.85 Million By 2024

The global healthcare cyber security market is expected to cross USD 10.85 Million by 2022. Cybersecurity in healthcare is a mammoth task and for a large multispecialty, hospital with running practices and healthcare challenges today seem as a highly complex nature. The severity of the problem is the fact that every aspect of the challenge calls for accumulation of personal data, but no matter the size of cyber security in healthcare, attacks come as a surprise.

The healthcare cyber security market is driven by rise in precautionary measures against cyberattacks and cyber warfare. In addition, technological enhancements and increase in counterfeit accounts operating on a large scale are expected to contribute to the market growth in the near future. However, lack of spending on healthcare organizations and low awareness about potential cyber security levels is likely to hinder the market growth in the near future.

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The healthcare cyber security is inclusive of segmentation by solution as identity and access management, risk and compliance management, security information, event management, intrusion detection system, antivirus, data encryption software and antivirus. Identity and access management accounts for a significant share in the market growth. End-user segmentation for healthcare cyber security market includes health insurance companies, pharmaceuticals & chemical industries and hospitals.

Geographical segmentation for healthcare cyber security market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America market accounts for a significant market share in the global scenario owing to enhanced technology, infrastructure, patient availability and rise in cyber security applications.

Asia-Pacific market accounts for a greater market share in the forecast period due to rise in cyber security applications, development of regulatory framework and rise in use of healthcare devices. The key players in the healthcare cyber security market include IBM, McAfee, Symantec, Fireye, Trend Micro Lockheed Martin, Northrop Grumma and Kaspersky.

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Healthcare Cyber Security End-Use Outlook (Revenue, USD Million, 2012 – 2022)
    • Pharmaceuticals & Chemicals
    • Medical Devices
    • Health Insurance
    • Hospitals
    • Others

Healthcare Cyber Security Type of Threat Outlook (Revenue, USD Million, 2012 – 2022)
    • Pharmaceuticals & Chemicals
    • Malware
    • DDoS
    • Advanced Persistent Threats (APT)
    • Spyware
    • Lost or Stolen Devices
    • Others

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