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What’s at Stake with Healthcare IoT and Cloud? Unnecessary Risk

February 14, 2019 / Jessica Davis

The healthcare sector continues to adopt IoT technologies and move into the cloud at a rapid pace. But while these technologies support a value-based care model and can improve patient care, the tools can pose serious risks that organizations must address before introducing them to their network. According to a recent report from Zion Market Research, the smart medical products global market will reach $67 billion by 2024. Smart medical products fall under the larger Internet of Medical Things (IoMT) market and are predicted to top $410 billion by 2020. The market is driven by vendors and providers seeking new ways to reduce spending around chronic conditions, as well as bolstering population health. Meanwhile, many providers are turning to the cloud for ease of storage and to support a hybrid service delivery model. According to a recent report from Gartner, the global public cloud services market is predicted to reach $186.4 in the next year.