Cyber Insurance Market
Cyber Insurance Market - Global Industry Assessment & Forecast
Segments Covered
- By Organization Size Size Large Companies, Small & Medium-sized Companies
- By Industry Vertical BFSI, IT & Telecom, Retail & E-commerce, Healthcare, Manufacturing, Government & Public Sector, Others
- By Component Cybersecurity Insurance Analytics Platform, Disaster Recovery and Business Continuity, Cybersecurity Solution, Consulting/ Advisory, Security Awareness Training, Others
- By Insurance Coverage Data Breach, Cyber Security liability
- By Insurance Type Packed, Stand Alone
- By Region North America, Asia Pacific, Europe, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 8.73 billion |
Revenue 2030: | USD 51.04 billion |
Revenue CAGR (2023 - 2030): | 24.70% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Cyber Insurance Market by Organization Size Size by Industry Vertical by Component by Insurance Coverage by Insurance Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. Moreover, primary interviews also provide us information regarding region market trends, segmental trends, top market players and their financials, and supply-demand scenarios of the market along with such other market developments.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Cyber Insurance market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Cyber Insurance in terms of revenue?
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The global Cyber Insurance valued at USD 8.73 billion in 2022 and is expected to reach USD 51.04 billion in 2030 growing at a CAGR of 24.70%.
Which are the prominent players in the market?
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The prominent players in the market are Allianz, American International Group, Inc., Aon plc, AXA, Berkshire Hathway Inc., Lloyd’s of London Ltd., Lockton Companies Inc., Munich Re, The Chubb Corporation, Zurich.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 24.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Cyber Insurance include
- Growth in cyber-attacks
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Cyber Insurance in 2022.