Health IT Security Market Size, By Vertical, 2016 –2020 Health IT Security Market worth 9,867.5 Million US | Page 2

Factors such as a large number of healthcare data breaches , stringent regulatory requirements , growing use of mobile devices , investments by venture capital firms , and growing number of interconnected medical devices are expected to drive the market for Health IT security solutions . Moreover , evolution of next-generation IT security solutions and emergence of cloud computing are expected to offer growth opportunities for market players . However , factors such as shortage of cyber security professionals and limited spending on IT security in healthcare organizations are expected to restrain the growth of this market during the forecast period .

The Health IT security market is segmented into products and services . The services market is expected to grow at the highest CAGR during the forecast period . The high growth in this segment can be attributed to the fact that end users in this market will require continuous support in the form of services to protect their IT infrastructure from the growing number of sophisticated cyberattacks .