North America Security Testing Market Trends

Market Trends of North America Security Testing Industry

Healthcare End User Industry Segment is Expected to Hold Significant Market Share

• Security testing is crucial in healthcare end-user systems by protecting sensitive patient data, maintaining regulatory compliance, and preventing potential security breaches. Security testing in healthcare end-user systems is essential for protecting patient data, maintaining regulatory compliance, preventing unauthorized access, securing medical devices, and mitigating operational risks. By prioritizing security testing, healthcare organizations can ensure their systems' confidentiality, integrity, and availability and provide patients with safer and more secure healthcare services.
• Healthcare systems handle many sensitive patient information, including medical records, personal details, and financial data. Security testing helps identify vulnerabilities and weaknesses in the software and infrastructure that could expose this data to unauthorized access or breaches. By proactively testing and addressing these security gaps, healthcare organizations can safeguard patient data and maintain confidentiality.
• The healthcare industry is subject to various regulatory requirements, such as the Health Insurance Portability and Accountability Act (HIPAA) in the United States. Security testing ensures that healthcare systems comply with these regulations by assessing their security controls, encryption measures, access controls, and other relevant security practices. Meeting these compliance standards helps healthcare organizations avoid penalties and legal issues.
• According to Identity Theft Resource Center, In 2023, there were more than 809 incidents of data compromises in the healthcare sector in the United States. Security testing helps identify vulnerabilities and weaknesses in healthcare systems that attackers could exploit to gain unauthorized access. This includes testing for vulnerabilities such as weak authentication mechanisms, inadequate access controls, or unencrypted communication channels. Healthcare organizations can prevent unauthorized access to patient records, medical devices, or critical systems by addressing these vulnerabilities.
• The healthcare industry relies on various medical devices, including IoT devices and connected systems. Security testing ensures these devices resist potential attacks and vulnerabilities that could compromise patient safety or expose sensitive information. By testing the security of medical devices, organizations can identify weaknesses and work with manufacturers to apply necessary patches or updates.
• Security testing helps identify potential risks and vulnerabilities that could impact the operational continuity of healthcare systems. Organizations can proactively address weaknesses by identifying them and reducing the risk of system downtime, data loss, or disruption of critical healthcare services.

United States is Expected to Hold Significant Market Share

• The security testing market in the United States is rapidly growing due to the increasing awareness of cybersecurity threats and the need for robust security measures across industries.
• The United States has stringent regulations and industry-specific compliance requirements, such as HIPAA for healthcare and PCI DSS for payment card data security. These regulations drive the demand for security testing services as organizations strive to ensure compliance and protect customer data.
• In September 2022, The National Institute of Standards and Technology (NIST) issued Draft Security Recommendations for IoT Devices in the United States. Because IoT regularly posed a cybersecurity risk through hacks and data breaches, the NIST's Core Baseline highlighted recommended security features for manufacturers to incorporate into their IoT devices and guidelines for consumers to look for on a device's box or online description while shopping.
• According to the US Office of Management and Budget, In 2022, the overall cyber security spending in the United States was projected to increase in 2023, with the total proposed agency cyber security funding for the year approximately USD 10.46 billion.
• With the proliferation of digital transformation initiatives, cloud adoption, and an increasing number of connected devices, the demand for security testing services has grown significantly. Organizations in the United States realize the importance of proactive security measures and are willing to invest in comprehensive security testing solutions.