Healthcare IOT Security Market

As per the research conducted by Inkwood Research, the global healthcare IoT security market is projected to register a CAGR of 21.88% and is anticipated to generate revenue of $3747 million by 2026. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2026. IoT (Internet of Things) is transforming processes in different sectors, thereby making them more efficient and effective. Over recent years, healthcare is among the major sectors adopting IoT technology, as its overall infrastructure is being upgraded to meet the increasing consumer demand.

GLOBAL HEALTHCARE IOT SECURITY MARKET FORECAST 2021-2026

Global Healthcare IoT Security Market by Security Type (Network Security, Endpoint Security, Cloud Security, Application Security, Other Security Types) by Deployment (on-premise Deployment, Cloud Deployment) by Component (Solution (Device Authentication & Management, Identity Access & Management, Data Encryption & Tokenization, Intrusion Detection & Prevention System, Other Solutions), Services (Consulting, Maintenance, Managed, Other Services)) and by Geography

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Report Summary

As per the research conducted by Inkwood Research, the global healthcare IoT security market is projected to register a CAGR of 21.88% and is anticipated to generate revenue of $3747 million by 2026. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2026.
Healthcare IOT Security Market

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IoT (Internet of Things) is transforming processes in different sectors, thereby making them more efficient and effective. Over recent years, healthcare is among the major sectors adopting IoT technology, as its overall infrastructure is being upgraded to meet the increasing consumer demand. Moreover, IoT has made the option of telemedicine more viable. Doctors can now continuously monitor patients’ health remotely and make recommendations accordingly. This has also helped reduce treatment costs, while improving its outcome, as well. As a result, the system also observes an increase in the data flow, however, making it more susceptible to cyber-attacks. Hence, it is mandatory for entities to implement security across their healthcare IoT system.

Key factors propelling the global healthcare IoT security market growth:

  • Growing demand for IoT applications
  • Rising awareness about secure healthcare IoT network
  • Growth in the number of cyber-attacks
    • The rising number of healthcare devices connected to the internet makes it vulnerable to cyber-attacks.
    • Further, this leads to increased theft of highly sensitive healthcare data and ransomware attacks.
    • The use of healthcare IoT security is beneficial in providing a safe environment for connected devices to operate.
  • Growing healthcare industry

Major growth restraining factors:

  • Slow development of regulations
  • Complexities of healthcare IoT
  • Need for infrastructural revamp
    • Healthcare IoT setup requires advancements in the technology used for healthcare infrastructure.
    • The network must also be aligned with the latest technology protocols, in order to implement IoT devices across the system for accurate monitoring.

The report on the global healthcare IoT security market includes the segmentation analysis of component, deployment, and security type. These segments are further classified to provide a detailed analysis of the studied market.

Market by Component:

  • Solution
    • Solution is the dominating component across the global healthcare IoT security market.
    • It includes device authentication & management, identity access & management, data encryption & tokenization, intrusion detection & prevention system, and other solutions.
  • Services

Geographically, the global healthcare IoT security market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, The United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
  • Asia Pacific: India, China, Japan, Indonesia, South Korea, Australia & New Zealand, Thailand, Singapore, and the Rest of Asia Pacific
    • The Asia Pacific is set to be the leading market over the forecast period.
    • The region is a rapidly growing contributor to the healthcare IoT security market.
    • Upgradation of healthcare technology, to serve the most extensive population base with better efficiency, plays a vital role in driving the global healthcare IoT security market growth.
  • Rest of World: Latin America, the Middle East & Africa

Major market players operating in the global healthcare IoT security market: 

  • IBM Corporation
  • Microsoft Corporation
  • Fortinet Inc
  • Palo Alto Networks Inc
  • Cisco Systems Inc
  • Others

Key strategies adopted by some of these companies:

In October 2020, Fortinet integrated and automated cybersecurity solutions by launching the FortiGate 2600F, the company’s latest network firewall. It enables security-driven networking to secure multiple edges, including hybrid data centers as well as multi-cloud environments.

Key findings of the global healthcare IoT security market:

  • The cloud-based deployment segment, under the deployment component, is set to acquire the largest market share.
  • Large enterprises are the most significant contributor to the healthcare IoT security market.
  • Cloud security is the fastest-growing security type.

 

Frequently Asked Questions & Answers (FAQ):

  • Which is the dominating security type?

A: Network security is the dominating security type.

  • Which is the leading deployment?

A: On-premise is the leading deployment.

Table of Contents

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS- ICT
    • MARKET SCOPE
    •    KEY DRIVERS
      • INCREASING NUMBER OF CYBER-ATTACKS
      • GROWING DEMAND FOR IOT APPLICATIONS
      • RISING AWARENESS ABOUT SECURE IOT NETWORK
      • GROWING HEALTHCARE INDUSTRY
    •    KEY RESTRAINTS
      • SLOW DEVELOPMENT OF REGULATIONS
      • COMPLEXITIES OF IOT
      • NEED FOR INFRASTRUCTURAL REVAMP
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON HEALTHCARE IOT SECURITY MARKET
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  2. MARKET BY SECURITY TYPE
    • NETWORK SECURITY
    • ENDPOINT SECURITY
    • CLOUD SECURITY
    • APPLICATION SECURITY
    • OTHER SECURITY TYPES
  3. MARKET BY DEPLOYMENT
    • ON-PREMISE DEPLOYMENT
    • CLOUD DEPLOYMENT
  4. MARKET BY COMPONENT
    • SOLUTION
      • DEVICE AUTHENTICATION & MANAGEMENT
      • IDENTITY ACCESS & MANAGEMENT
      • DATA ENCRYPTION & TOKENIZATION
      • INTRUSION DETECTION & PREVENTION SYSTEM
      • OTHER SOLUTIONS
    • SERVICES
      • CONSULTING
      • MAINTENANCE
      • MANAGED
      • OTHER SERVICES
  1. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •     ASIA PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • SINGAPORE
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •     REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    •    KEY STRATEGIC DEVELOPMENTS
      • MERGER & ACQUISITIONS
      • PRODUCT LAUNCH & DEVELOPMENTS
      • PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      • BUSINESS EXPANSION
    •    COMPANY PROFILE
      • IBM CORPORATION
      • MICROSOFT CORPORATION
      • FORTINET INC
      • PALO ALTO NETWORKS INC
      • CISCO SYSTEMS INC
      • BROADCOM
      • INFINEON TECHNOLOGIES AG
      • THALES DIGITAL IDENTITY & SECURITY
      • INTEL CORPORATION
      • TREND MICRO INC
      • ARMIS (ACQUIRED BY INSIGHT PARTNERS)
      • CHECK POINT SOFTWARE TECHNOLOGIES LTD

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – HEALTHCARE IOT SECURITY

TABLE 2: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY SECURITY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY SECURITY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 4: GLOBAL NETWORK SECURITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL NETWORK SECURITY MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 6: GLOBAL ENDPOINT SECURITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL ENDPOINT SECURITY MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 8: GLOBAL CLOUD SECURITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL CLOUD SECURITY MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 10: GLOBAL APPLICATION SECURITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL APPLICATION SECURITY MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 12: GLOBAL OTHER SECURITY TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL OTHER SECURITY TYPES MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 14: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY DEPLOYMENT, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 16: GLOBAL ON-PREMISE DEPLOYMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL ON-PREMISE DEPLOYMENT MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 18: GLOBAL CLOUD DEPLOYMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL CLOUD DEPLOYMENT MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 20: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY COMPONENT, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 22: GLOBAL SOLUTION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL SOLUTION MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 24: GLOBAL SOLUTION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL SOLUTION MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 26: GLOBAL SERVICES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL SERVICES MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 28: GLOBAL SERVICES MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: GLOBAL SERVICES MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 30: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 32: NORTH AMERICA HEALTHCARE IOT SECURITY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 33: NORTH AMERICA HEALTHCARE IOT SECURITY MARKET, BY COUNTRY, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 34: EUROPE HEALTHCARE IOT SECURITY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 35: EUROPE HEALTHCARE IOT SECURITY MARKET, BY COUNTRY, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 36: ASIA PACIFIC HEALTHCARE IOT SECURITY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 37: ASIA PACIFIC HEALTHCARE IOT SECURITY MARKET, BY COUNTRY, FORECAST YEARS, 2021-2026 (IN $ MILLION)

TABLE 38: REST OF WORLD HEALTHCARE IOT SECURITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 39: REST OF WORLD HEALTHCARE IOT SECURITY MARKET, BY REGION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL HEALTHCARE IOT SECURITY MARKET, GROWTH POTENTIAL, BY SECURITY TYPE, IN 2020

FIGURE 6: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY NETWORK SECURITY, 2021-2026 (IN $ MILLION)

FIGURE 7: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY ENDPOINT SECURITY, 2021-2026 (IN $ MILLION)

FIGURE 8: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY CLOUD SECURITY, 2021-2026 (IN $ MILLION)

FIGURE 9: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY APPLICATION SECURITY, 2021-2026 (IN $ MILLION)

FIGURE 10: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY OTHER SECURITY TYPES, 2021-2026 (IN $ MILLION)

FIGURE 11: GLOBAL HEALTHCARE IOT SECURITY MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2020

FIGURE 12: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY ON-PREMISE DEPLOYMENT, 2021-2026 (IN $ MILLION)

FIGURE 13: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY CLOUD DEPLOYMENT, 2021-2026 (IN $ MILLION)

FIGURE 14: GLOBAL HEALTHCARE IOT SECURITY MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020

FIGURE 15: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY SOLUTION, 2021-2026 (IN $ MILLION)

FIGURE 16: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY DEVICE AUTHENTICATION & MANAGEMENT, 2021-2026 (IN $ MILLION)

FIGURE 17: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY IDENTITY ACCESS & MANAGEMENT, 2021-2026 (IN $ MILLION)

FIGURE 18: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY DATA ENCRYPTION & TOKENIZATION, 2021-2026 (IN $ MILLION)

FIGURE 19: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY INTRUSION DETECTION & PREVENTION SYSTEM, 2021-2026 (IN $ MILLION)

FIGURE 20: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY OTHER SOLUTIONS, 2021-2026 (IN $ MILLION)

FIGURE 21: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY SERVICES, 2021-2026 (IN $ MILLION)

FIGURE 22: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY CONSULTING, 2021-2026 (IN $ MILLION)

FIGURE 24: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY MANAGED SERVICES, 2021-2026 (IN $ MILLION)

FIGURE 25: GLOBAL HEALTHCARE IOT SECURITY MARKET, BY OTHER SERVICES, 2021-2026 (IN $ MILLION)

FIGURE 26: NORTH AMERICA HEALTHCARE IOT SECURITY MARKET, REGIONAL OUTLOOK, 2020 & 2026 (IN %)

FIGURE 27: UNITED STATES HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 28: CANADA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 29: EUROPE HEALTHCARE IOT SECURITY MARKET, REGIONAL OUTLOOK, 2020 & 2026 (IN %)

FIGURE 30: UNITED KINGDOM HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 31: GERMANY HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 32: FRANCE HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 33: ITALY HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 34: RUSSIA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 35: BELGIUM HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 36: POLAND HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 37: REST OF EUROPE HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 38: ASIA PACIFIC HEALTHCARE IOT SECURITY MARKET, REGIONAL OUTLOOK, 2020 & 2026 (IN %)

FIGURE 39: CHINA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 40: JAPAN HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 41: INDIA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 42: SOUTH KOREA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 43: INDONESIA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 44: THAILAND HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 45: SINGAPORE HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 46: AUSTRALIA & NEW ZEALAND HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 47: REST OF ASIA PACIFIC HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 48: REST OF WORLD HEALTHCARE IOT SECURITY MARKET, REGIONAL OUTLOOK, 2020 & 2026 (IN %)

FIGURE 49: LATIN AMERICA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

FIGURE 50: MIDDLE EAST & AFRICA HEALTHCARE IOT SECURITY MARKET, 2021-2026 (IN $ MILLION)

Segmentation

  1. MARKET BY SECURITY TYPE
    • NETWORK SECURITY
    • ENDPOINT SECURITY
    • CLOUD SECURITY
    • APPLICATION SECURITY
    • OTHER SECURITY TYPES
  2. MARKET BY DEPLOYMENT
    • ON-PREMISE DEPLOYMENT
    • CLOUD DEPLOYMENT
  3. MARKET BY COMPONENT
    • SOLUTION
      • DEVICE AUTHENTICATION & MANAGEMENT
      • IDENTITY ACCESS & MANAGEMENT
      • DATA ENCRYPTION & TOKENIZATION
      • INTRUSION DETECTION & PREVENTION SYSTEM
      • OTHER SOLUTIONS
    • SERVICES
      • CONSULTING
      • MAINTENANCE
      • MANAGED
      • OTHER SERVICES
  1. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •     ASIA PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • SINGAPORE
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •     REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA

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