The overall rise in the instances of cyber security attacks all around the world has given rise to the sudden demand in the cloud services as well. It also calls in for the implementation of the right government policies and regulatory requirements for facilitating ample growth in the existing market.
As per a recent report, it has been revealed that the global healthcare market for cyber security had generated around $21 billion at the time of 2017. At the same time, by 2023, the given market is expected to reach around $12.46 billion –advancing at a rapid CAGR of 15.6 percent from the time of 2017 to 2023. The given report goes ahead with providing a detailed analysis of major investment factors, restraints, market estimations and size, competitive scenario, and major segments. 
The overall rise in cases of cyber attacks, increase in the demand for cloud services, and government policies & regulatory requirements –all of these factors aim at facilitating the overall growth of the market. However, the presence of scarce trained professionals in the given sector leads to restrained growth in the market. At the same time, the need for stronger practices of authentication and the overall rise in the adoption of mobile applications have created new opportunities in the given industry.
The healthcare cyber security solution portion is known to have contributed to over half of the entire market share in the year 2017. Therefore, it is estimated that the same is going to maintain the dominant share across the predicted period. This is because of the rise in the case of cyber-attacks along with the rise in the incidents related to data breaching all around the world. It also accounts for the amendments that are made with respect to government regulations in the sector of healthcare cyber security. However, the given service sector is estimated to claim the highest CAGR of around 17.6 percent from the period of 2017 to 2023. The same is due to the overall improved steps that are taken for avoiding data breaching and the overall increase in competition amongst the leading healthcare service providers.
The Concept of Network Security in Healthcare Cyber Security
The field of network security in the given industry accounted for almost half of the entire market share in the year 2017. It is also estimated that the same is going to maintain the respective dominance across the predicted period. It is because of the requirement for protection of the existing networks from threats like service attacks, viruses, hackers, and so more in addition to the implementation of network security solutions like DDoS mitigation solutions and access control services for delivering security.
However, the concept of cloud security is estimated to ensure growth at a rapid rate (the highest) –at a CAGR of around 24.6 percent from the period of 2017 to 2023. This has been attributed to the increase in the data shift to the respective cloud platforms.
