Introduction
With the digitisation of healthcare, the use of HIT is also on the rise. These technologies have changed patient care but they have brought new security problems as well. The Health IT security market is now an important part of the healthcare industry that caters to the demand for the security of patient information against cyber attacks.
Market Segmentation
The Health IT security market can be classified in many ways, such as:
By Products Services
- Products and Services
By Application
- Network Security
- Endpoint Security
- Application Security
- Content Security
By Delivery Mode
- On-Premise Delivery Mode
- Web-Based Delivery Mode and Cloud-Based Delivery Mode
By End User
- Healthcare Payers
- Healthcare Providers
- Physician Practices
Competitive Landscape
The Health IT security market is a very competitive market where many different players such as well-known cybersecurity firms, IT service providers and healthcare IT vendors are involved.
These are some of the market players:
- IBM Corporation
- Intel Corporation
- Symantec Corporation
- Trend Micro Incorporated
- Oracle
- CA Technologies
- Dell Inc.
- SailPoint Technologies Holdings, Inc.
- Hewlett Packard Enterprise Development LP
These firms are chasing high-end security products, partnerships and mergers and acquisitions to get a leg up.
Market Future Outlook
What are the Market trends in Health IT security?
- Wider use of AI/ML for high-level threat detection.
- Demand for zero-trust security architectures Increasingly.
- Rise of cloud-based security solutions
- Integrate Blockchain technology to protect the data exchange.
- Increase awareness and user education.
What is the biggest segment to expand during the forecast period?
This cloud-based market will grow at an exponential rate due to the increasing usage of cloud-based healthcare applications and the scalability they provide.
What are the market players’ main concerns?
- Changes in the threat landscape and the rise of advanced attacks online.
- Shortage of skilled cybersecurity professionals
- Security with Usability and User Experience, the two go hand in hand.
What are the market implications of COVID-19?
The pandemic has increased the adoption of telehealth and remote medical services which opened up a greater number of targets for cybercriminals. And that has resulted in a rise in the need for effective security measures.
What are the Growth prospects of the Health IT Security Market?
- Create new security solutions based on healthcare organizations’ needs.
- Expand into new markets as healthcare IT is being used more and more.
- Partnerships and alliances to increase security capacity: Strategic alliances and partnerships
Conclusion
The Health IT security market is projected to witness high growth in the future owing to rising healthcare IT complexity and the threat of cyber-attacks. With proper knowledge about the market, the market competition and the trends, healthcare companies can be able to secure their patient data and IT infrastructure without compromising its value.
