The global market for healthcare cyber security is primarily being driven by the rising need to protect medical data from imposters and ransomware. As healthcare information is generally passed between multiple parties and organisations, the demand for healthcare cyber security is increasing to protect the sensitive information. The market growth can also be associated with the outbreak of coronavirus. The trends centred around Bring Your Own Device (BYOD), which lack a proper malware protection accelerated with the advent of COVID-19, and hence stimulating the market growth of healthcare cyber security. Furthermore, owing to restrictions imposed to curtail the spread of infection, the work from home culture of administrative staff furthered the market growth of healthcare cyber security systems. Moreover, advanced security systems developed by leading market players including Cisco Systems, Inc (NASDAQ: CSCO), IBM Corporation (NYSE: IBM), and McAfee, Inc. (NASDAQ: MCFE), among others are positively influencing the market growth of healthcare cyber security worldwide.
GE Healthcare, a leading player in the global market for healthcare cyber security, recently launched a new healthcare cybersecurity solution, Skeye, in February 2020. The cybersecurity solution brings together medical device expertise, artificial intelligence, and process management tools to augment hospitals’ existing resources and capabilities by providing proactive monitoring through a remote security operations centre (SOC). The solution helps the healthcare staff detect, analyse, and respond to cybersecurity threats in real-time. Skeye, by GE Healthcare, is equipped with Artificial Intelligence (AI) that automate connected device inventory and equipment risk, thereby creating a dynamic and secured management system. Hence, these development by leading market players are invigorating the overall market for healthcare cyber security.
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The major players in the global healthcare cyber security market are Cisco Systems, Inc., Fireeye, Inc., IBM Corporation, Kaspersky LAB, and McAfee, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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