The growth in digitalization, such as the cloud, Big Data, mobile technologies, IoT, and artificial intelligence (AI), in various part of business and society, with growing connectivity of everything with internet which increase the obstacles of cybersecurity. Such a factor is considered as the major driving factor for the target market. However, the complexity and ever-changing technology restrain the cyber insurance market growth. Rising digital world and create a great opportunity for the target market.Cybersecurity Insurance Market was valued at US$ 17 billion in 2024 and is projected to grow at a CAGR of 21.0% to reach US$ 114.5 billion by 2034.

The report "Cybersecurity Insurance Market By Organization Size (Small and Medium Enterprises (SMEs), and Large Enterprises), By End-user Industry (Healthcare, Retail, BFSI, IT and Telecom, Manufacturing, Other End-user Industries), and Region -  Forecast to 2034".

Key Highlights:

• On January 11, 2020, as cars advance into rolling mobile computers, the potential for disastrous cyber-attacks has become a new road hazard.
• In December 2019, According to a joint report by industry lobby Nasscom, Data Security Council of India and PwC, the cybersecurity market is likely to touch $35 billion by 2025.

Key Market Insights from the report:          

Cybersecurity Insurance Market was valued at US$ 17 billion in 2024 and is projected to grow at a CAGR of 21.0% to reach US$ 114.5 billion by 2034. The market report has been segmented based on Organization Size and end-users and region.

• By organization size cybersecurity insurance market is classified into small and medium enterprises (SMEs), and large enterprises.
• End-user Industry Cybersecurity Insurance market is classified into healthcare, retail, BFSI, it and telecom, manufacturing, other end-user industries.
• By region, The North America region is accepted to dominate the target market. Owing to the presence of a majority of the market leaders. Additionally, the rising incidence of cyber attract is a major factor driving the growth for the target market in the region. Asia Pacific is expected to show the highest CAGR market for the  cybersecurity insurance market due to the fast adoption capability in this region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Cybersecurity Insurance Market by Organization Size (Small and Medium Enterprises (SMEs), and Large Enterprises), By End-user Industry (Healthcare, Retail, BFSI, IT and Telecom, Manufacturing, Other End-user Industries), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2034

The prominent player operating in the  Cybersecurity Insurance market includes XL Group Ltd, American International Group Inc., Lloyds Bank PLC, Zurich Insurance Co. Ltd, The Chubb Corporation, AON PLC, Beazley Group, Lockton Companies Inc., Security Scorecard, Allianz SE and Munich Re Group

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. Also, we help our client to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com