IoT and cloud adoption will boost cybersecurity investments toward $8.7B by 2023

Frost & Sullivan says the healthcare security space is set for big growth as hospitals recognize new vulnerabilities and vendors innovate their products and pricing models. The cybersecurity landscape is changing fast as hospitals and health systems continue to adjust to the new realities of data management and protection and invest in new technologies accordingly, a new study from Frost and Sullivan shows. The market is poised for continued big growth, and could reach $8.7 billion by 2023, say researchers – driven largely by new purchases and deployments as healthcare organizations realize that emerging tech such as internet-of-things, cloud hosting and artificial intelligence are only adding to the complexity of safeguarding patient data.