Home Global Global Healthcare Cyber Security expected to reach USD 33.65 billion by 2027 – Fior Markets

Global Healthcare Cyber Security expected to reach USD 33.65 billion by 2027 – Fior Markets

by ESPC Reporters
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Newark, NJ, (GLOBE NEWSWIRE) – The global healthcare cyber security market is expected to grow from USD 9.78 billion in 2019 to USD 33.65 billion by 2027, Fior Markets reported.

Cyber security is the protection of data from cyber-threats since systems that are connected to the internet are highly vulnerable to security risks and increasingly being used by healthcare enterprises to protect against the illegal access & theft of critical patient data and hospital records.

Between January 2019 and June 2019, 31,611,235 healthcare records were exposed according to the 2019 Mid-Year Data Breach Barometer Report.

This was twice the amount of data breaches in 2018. This has resulted in an industry-wide mitigation cost of USD 6.45 million as per the Cost of Data Breach Report 2019.

Healthcare infrastructures that have legacy systems are the most vulnerable to attacks since these systems are mostly outdated.

Some of the key factors that are driving the growth of the global healthcare cyber security market are increasing incidences of healthcare cyber-attacks in developing as well as developed economies, increasing security & regulatory compliance issues in Europe and North America, rising cases of data leaks worldwide, and technological advancements in the cyber security healthcare sector in Europe & North America.

However, certain factors can hinder market growth, such as high licensing costs, especially for developing & underdeveloped nations, and a dearth of trained professionals.

Between January 2019 and June 2019, 31,611,235 healthcare records were exposed according to the 2019 Mid-Year Data Breach Barometer Report.

This was twice the amount of data breaches in 2018. This has resulted in an industry-wide mitigation cost of USD 6.45 million as per the Cost of Data Breach Report 2019.

Healthcare infrastructures that have legacy systems are the most vulnerable to attacks since these systems are mostly outdated.

Some of the key factors that are driving the growth of the global healthcare cyber security market are increasing incidences of healthcare cyber-attacks in developing as well as developed economies, increasing security & regulatory compliance issues in Europe and North America, rising cases of data leaks worldwide, and technological advancements in the cyber security healthcare sector in Europe & North America.

However, certain factors can hinder market growth, such as high licensing costs, especially for developing & underdeveloped nations, and a dearth of trained professionals.

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