Healthcare IoT Security Market Highlights:
The Global Healthcare IoT Security Market has been evaluated as a moderately growing market with a CAGR of 22% during the forecasted period of 2016 to 2022.
The internet of things have penetrated almost every sector due to increasing interconnectivity. The rise of IoT in healthcare has opened new vistas in the form of personalized healthcare, time and cost reduction, telemedicine to name a few. The rise of security concerns however have not followed a linear path with IoT, but have been exponentially related. The rising awareness of the problem along with the increasing number of smart devices has led the rise of global IoT security market. Other driving factors are increasing bandwidth and automation, excellent uptake and increasing penetration of information ecology.
The constraints are weaker which can be overcome such as poor legal framework, sink costs and short lifecycle of technology. The net effect of all these factors is the growth of the sector with a CAGR of approximately 22%.
The growth of this sector is uneven with developed regions dominating the market and will continue to do so. Increasing collaborations between I.T. and health care device manufacturers seem to be most appropriate strategy. The market is comparatively unitary but which will increasingly be fragmented into smaller players especially from developing nations, where costs are low.
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The major participants of this market are:
- IBM Corporation
- Cisco Systems Inc.
- Intel Corporation
- Oracle Corporation
- Sophos Group Plc.
- Symantec Corporation
- Trend Micro Inc.
Depending on geographic region, Healthcare IoT Market is segmented into four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa. Globally, developed countries led by North America is the largest market for Healthcare IoT security. Europe is the second-largest market for healthcare IoT security. The market in developing regions such as Asia pacific region and Middle East & Africa however is rising much faster.
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Global Healthcare IoT Security Market has been segmented as follows:
- On the Basis of Components such as hardware, software, network and others.
- On the Basis of Applications such as monitoring and telemedicine, clinical operation and imaging and workflow optimization.
- On the Basis of End-Users such as healthcare providers, patients, research laboratories, and government.
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