Healthcare Cyber Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The healthcare cyber security market registered a CAGR of 19.9% over the forecast period. While cyber-attacks are the principal factor among the drivers of growth in the healthcare cybersecurity market, data breaches might be in the run. An increasing number of healthcare institutions are expected to use these cybersecurity solutions to protect patient data. Due to digital transformation, the healthcare industry is witnessing a shift in the operational process of information security.
Key HighlightsThe healthcare cyber security market is moderately competitive and consists of several major players. In terms of market share, few significant players currently dominate the market. Companies working in this space are spending abundantly on research and development. Business strategies such as collaboration, joint ventures, and mergers and acquisitions have allowed firms to stay competitive. Many organizations believe in upgrading their current portfolio to attract their customers. Firms are looking at the solutions offered by Healthcare Cyber Security companies to achieve a highly sought-after competitive advantage.
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